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11 Unthank Rd 3,711 sq ft 100% Let Office Property Norwich NR2 2PA £1,250,000 (£336.84/sq ft) 6.78% Net Initial Yield
Investment Highlights
- Prominently situated on Unthank Road which is 0.8 miles from Norwich City centre
- Norwich benefits from two universities, being the University of East Anglia and the Norwich University of Art
- Unthank Road forms part of the ‘Golden Triangle’ which is a very sought after residential location popular with both national and independent shops
Executive Summary
The premises comprises a large Victorian former gentleman’s residence which has been adapted to provide a number of individual flats over 4 storeys.
The ground floor has a rear flat roof extension and is arranged to provide offices and one flat with basement storage which is accessed through the office. The first floor is configured to provide 3 flats off a central landing and the second floor provides a further 2 flats.
At the front of the property there are parking spaces for around 6 vehicles. To the rear of the property there is a small garden and brick built shed.
The premises are not listed but are understood to be in a Conservation Area.
The ground floor has a rear flat roof extension and is arranged to provide offices and one flat with basement storage which is accessed through the office. The first floor is configured to provide 3 flats off a central landing and the second floor provides a further 2 flats.
At the front of the property there are parking spaces for around 6 vehicles. To the rear of the property there is a small garden and brick built shed.
The premises are not listed but are understood to be in a Conservation Area.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Office / Residential
Property Size
3,711 sq ft
Costar Property Class
B
Year Built
1800
Price
£1,250,000
Price per sq ft
£336.84
Yield
6.78%
NOI
£84,780
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
1,797 sq ft
Plot ratio
0.61
Total Plot Size
0.14 ac
Parking
5 Spaces (1.39 Spaces per 1,000 sq ft Leased)
1 of 7
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11 Unthank Rd
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