A "unique opportunity" to own a mixed use property in the heart of a coastal town is set to be auctioned off next week.

People have the chance to own the mixed use premises as it is being offered for sale at auction.

The house - consisting of a ground floor office and a two bedroom first floor flat - at 7a Market Place (Childs Yard) in Southwold - is situated "in the heart of" the town.

Marketed by Auction House East Anglia, and described as a "unique Freehold investment/development opportunity", the house is due to be sold on a freehold tenure at an online auction on Wednesday, February 7, with a guide price of £275,000 to £300,000 plus fees.

Lowestoft Journal: 7a Market Place (Childs Yard), Southwold - marked in red outline - is being offered for sale by auction. Picture: Auction House East Anglia7a Market Place (Childs Yard), Southwold - marked in red outline - is being offered for sale by auction. Picture: Auction House East Anglia (Image: Auction House East Anglia)

The property description from the auctioneers states the "House (unspecified)" is "a unique Freehold investment/development opportunity in the heart of Southwold."

It adds: "A rare opportunity to acquire this freehold mixed use premises centrally situated in what is without doubt one of the most desirable and sought after Suffolk coastal towns.

"The property comprises a ground floor office which is let at a rent of £1,000 PCM and a two bedroom first floor flat which is in need of modernisation.

"With an immediate income and tremendous holiday let or Airbnb potential for the flat this is something which if missed is unlikely to be replicated in the foreseeable future."