£150,000
Restaurant for sale
Property photos
Just added
Auction
Freehold
Guide price
£150,000
Restaurant for sale
105 - 106 High Street, Lowestoft, Suffolk NR32Local area information
Property location
Nearby amenities
- Lowestoft 0.4 miles
- St Margaret's Primary Academy 0.5 miles
- Roman Hill Primary School 0.6 miles
- Oulton Broad North 1.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Lowestoft to find out more about the local area.
Features and description
- Freehold
For sale by auction on Wednesday, 17 Jun 2026 at 10:00
Venue: Livestream Auction
A substantial freehold town centre restaurant with potential to redevelop into alternative uses
This three storey building was formally a cinema but most recently was used as a Chinese restaurant. The property which extends to 6,000 sq ft includes a managers flat and has obvious potential for a number of alternative uses including residential on the upper floors.
The ground and first floors consist of restaurant areas, kitchen, customer toilets and storage whilst on the second floor there is additional storage and a managers flat.
The premises are in an area of established shops and restaurants, not far from the sea front, railway station and main shopping street.
Accommodation
lower ground floor restaurant and bar areas upper ground floor restaurant, kitchen and customer toilets, First floor storage areas and managers flat.
Business Rates
Rateable value £25,500 as at 1st April 2026
EPC Rating: Please refer to legal pack
Additional Fees
Buyers Premium: £900 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
A substantial freehold town centre restaurant with potential to redevelop into alternative uses
This three storey building was formally a cinema but most recently was used as a Chinese restaurant. The property which extends to 6,000 sq ft includes a managers flat and has obvious potential for a number of alternative uses including residential on the upper floors.
The ground and first floors consist of restaurant areas, kitchen, customer toilets and storage whilst on the second floor there is additional storage and a managers flat.
The premises are in an area of established shops and restaurants, not far from the sea front, railway station and main shopping street.
Accommodation
lower ground floor restaurant and bar areas upper ground floor restaurant, kitchen and customer toilets, First floor storage areas and managers flat.
Business Rates
Rateable value £25,500 as at 1st April 2026
EPC Rating: Please refer to legal pack
Additional Fees
Buyers Premium: £900 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Floor plans and tours
Floor plans (1)
More information
Listed by
Auction House East Anglia
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