79 Middletons Lane & 195 Reepham Road, Norwich, NR6 5SR

  • Investment / Other / Retail
  • 4,645 sq ft
  • For Sale
79 Middletons Lane & 195 Reepham Road, Norwich, Investment / Other / Retail For Sale - 20241115_140415_resized Medium.jpg
79 Middletons Lane & 195 Reepham Road, Norwich, Investment / Other / Retail For Sale - 20190508_093522_resized Medium.jpg
79 Middletons Lane & 195 Reepham Road, Norwich, Investment / Other / Retail For Sale - 20190508_093828_resized Medium.jpg
Freehold retail parade
Property Type Investment / Other / Retail
Tenure For Sale
Size 4,645 sq ft
Price £500,000
Business Rates £3.97 per sq ft
Rateable Value £37,000
Energy Performance Rating This property has been graded as C (66)

Freehold retail parade in busy suburban area of Hellesdon, Norwich

Key Features

  • • Busy suburban parade and rare freehold opportunity
  • • Opportunity to repurpose upper floors to residential flats stp
  • • Includes front car park and rear garden and land
  • • No VAT
  • • Available as a whole with potential for sub division (may sell in two lots)
  • • Suitable for investors, developers and owner occupiers

Description

The property comprises adjoining end of terrace retail units linked by an infill single storey extension with extensive frontage and parking to both Middletons Lane and Reepham Road.

The properties form part of a suburban retail hub which includes a chemist, hairdresser, card shop, bookmakers and nearby convenience stores.
The properties are currently occupied as a single retail outlet with access from the Middelton Lane frontage. The buildings are arranged over ground and part first floors with ground floor extensions to the rear and linking the two retail areas. There are three rear storage containers and a lock up store included with the sale. There is scope for converting the properties into separate shops as well as bringing back into use the two former upper floor flats that are currently used for storage and office purposes.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground - Sales 3,162 293.76 Available
Ground - Stores 284 26.38 Available
1st - Former Flat 528 49.05 Available
1st - Former Flat 2 671 62.34 Available
Total 4,645 431.53

Location

Norwich is an attractive cathedral city which forms the administrative and commercial centre of Norfolk and has a population of approximately 200,752 (Census 2021). It is situated approximately 110 miles north east of London, 65 miles north east of Cambridge and 45 miles north of Ipswich. Communications to Norwich are relatively good with dual carriageway access to Cambridge and the midlands via the A11 & A14 and London via the A11/M11. The city has a mainline rail service to London Liverpool Street and is also served by Norwich International Airport which offers domestic flights and a daily service to Amsterdam Schiphol.

The properties are located approximately three miles to the north of the city centre on the outskirts of Norwich within the residential suburb of Hellesdon and close to Norwich International Airport. The area is generally characterised by dense housing, suburban shops and small neighbourhood retail centres and number of commercial uses. There are significant commercial concerns within half a mile situated around the airport.

Viewings

Contact sole selling agent for viewing arrangements.