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Retail Investments, Shops, Development - Residential for Sale

White Lion Street, Norwich, NR2

Let/Sold
£1,150,000.00 £167.61 /sf
1,015 - 6,861 sf
Retail Investments, Shops, Development - Residential for Sale

White Lion Street, Norwich, NR2

Let/Sold
£1,150,000.00 £167.61 /sf
1,015 - 6,861 sf
Prime Retail Investment with Income of £115,000 pax. anticipated to rise to £147,500 pax. once 17 White Lion Street is let.
Residential redevelopment opportunity.
17a White Lion Street
An effectively full repairing and insuring lease for a term of 10 years from the 6th March 2017 to Derek
Hardy at current rent of £10,000 per annum exclusive.
17 White Lion Street
Vacant. We calculate that the unit has an estimated rental value of £32,500pax.
19-21 White Lion Street
An effectively full repairing and insuring lease for a term of 25 years from the 25th of March 2003 to Holland & Barrett Retail Limited at current rent of £105,000 per annum exclusive.
Basement
A 99 year lease from 25/03/1965 to White Lion Properties Limited at a peppercorn rent.

Location

White Lion Street is a prime retail street with Castle Quarter's main entrance immediately opposite. The subject property is highly prominent, sitting at the junction of White Lion Street, Back of the Inns and Castle Quarter Shopping Centre. Retailers in proximity include Primark, Specsavers, Flying Tiger, Greggs etc.
Norwich is a renowned cathedral city with a catchment population of over 800,000 persons. The city benefits from excellent communication links to London (A11/M11) and the Midlands (A14).
Norwich has twice hourly direct train links to London (1 hour 50 minutes) and an
International Airport.
The city boasts two universities, University of East Anglia and Norwich University of the Arts, is a UNESCO City of Literature, forms part of the Cambridge Norwich, Tech Corridor and has its own Research Park.
Norwich is frequently cited as one of the most desirable cities to live in the UK as a result of its safe and historic environment, affordable housing and access to jobs.
It is surrounded by the coast and the Norfolk Broads National Park. Norfolk has a total of 32 million tourist trips that benefit the economy by ?2.34 billion and over 50,000 jobs.

Amenities

Rental Income £115,000
NIY 9.44%

Related links

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This property has been let/ Sold

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Retail Property for SaleNorwichWhite Lion Street, Norwich, NR2Let/Sold