Prominent retail investment on main arterial road
Let and producing £40,000 pax on a stepped rent rising to £45,000 pax
Lease expires 30th November 2033 with tenant break option 1st December 2028
On site carparking area included
FREEHOLD RETAIL INVESTMENT OPPORTUNITY
FREEHOLD RETAIL INVESTMENT OPPORTUNITY
Detailed Description
The detached property comprises a large ground floor retail unit with ancillary basement storage and dedicated parking/loading to the rear, with 4 No. self-contained duplex apartments with parking on the upper floors which have been sold off on long leasehold basis at a peppercorn rent.
The ground floor shop is a former banking premises and provides an extensive open plan sales area, with ancillary office, storage and amenity facilities at ground floor level, with a vault and additional storage facilities at basement level.
The ground floor shop benefits from nine carparking spaces, with an additional five spaces allocated to the upper floor residential units.
The freehold of the entire building is available to purchase.
Location
The property is situated with frontage to the busy A1402 Aylsham Road, less than 2 miles north of Norwich City Centre and approximately 500 metres from the Ring Road.
The immediate area provides a mix of commercial and residential uses, and nearby occupiers include Lidl, Mecca Bingo, ATS Tyres, Tesco Express and The Mile Cross Library.
( Agency Pilot Software ref: 444705 )
