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) |
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.
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 |
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.
Contact sole selling agent for viewing arrangements.