An "investment opportunity" not far away from a coastal town centre is set to be auctioned off this week.

People now have the chance to own a "mixed use" property which is being offered for sale at auction.

The mixed use property - consisting of a two bedroom terraced house and the Angel Hair hairdressing salon at 11 Station Square in Lowestoft - is situated not far away from the approach to the town centre.

Lowestoft Journal: The mixed use Angel Hair property at 11 Station Square, Lowestoft is set for auction. Picture: Auction House East AngliaThe mixed use Angel Hair property at 11 Station Square, Lowestoft is set for auction. Picture: Auction House East Anglia (Image: Auction House East Anglia)

Marketed by Auction House East Anglia, and described as an "impressive four storey building", the property is due to be sold on a freehold tenure at an online auction on Wednesday, November 1, with a guide price of £120,000 plus fees

The property description from the auctioneers states: "A four storey town centre freehold premises in need of some updating, currently a lock up hairdressers and a spacious self-contained two bedroom maisonette.

"A freehold investment opportunity located close to Lowestoft town centre.

Lowestoft Journal: The mixed use Angel Hair property at 11 Station Square, Lowestoft is set for auction. Picture: Auction House East AngliaThe mixed use Angel Hair property at 11 Station Square, Lowestoft is set for auction. Picture: Auction House East Anglia (Image: Auction House East Anglia)

"This impressive four storey building comprises a lock up hairdressing salon and large self-contained maisonette above offering outstanding views of Lowestoft harbour.

"The flat is now in need of further improvement.

"The tenants have been served a section 21 notice and we anticipate vacant possession will be available prior to completion.

"The spacious hair dressing salon nestles below the flat and offers main shop/salon area, two stock rooms, separate cloakroom and cellar.

"This is currently used by the vendor and will also be vacant upon completion."

According to the auctioneers, the ground floor of the building contains a "main retail salon area, two stock rooms, cloakroom and cellar."

The apartment is "arranged over four floors with own entrance, kitchen, dining room, two bedrooms, bathroom and attic room."