A former buy and sell store at the heart of a town centre has failed to sell at auction.

The vacant former Cash Generator store in Lowestoft town centre had been marketed by Auction House East Anglia.

The retail high street property at 45 London Road North in Lowestoft was due to be sold on a freehold tenure at an online auction on Wednesday, March 22 with a guide price of £200,000 to £240,000 plus fees.

The property description from the auctioneers said: "A substantial town centre freehold property with extensive accommodation over four floors.

"Planning approved for three flats and retail shop.

"This high profile and impressive shop is at the heart of Lowestoft town centre, next to Lloyds Bank and other major high street retailers.

"The property which extends to approximately 220 sq/m (2,300 sq/ft) has three upper floors with planning permission granted for conversion into three residential units or could offer storage.

"This exciting redevelopment opportunity offers excellent investment possibilities being positioned in a highly convenient location."

The auctioneers said that "the bidding reached £230,000" however, 45 London Road North in Lowestoft was "unsold" at the auction.