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1A Haymarket 5,772 sq ft 100% Let Retail Property Norwich NR2 1QD £1,995,000 (£345.63/sq ft) 7% Net Initial Yield
Investment Highlights
- Prominent city centre location on Haymarket
- Sits alongside a strong lineup of national retailers
- One of Norwich's principal retail pitches
Executive Summary
Let in its entirety to Optical Express Limited at a passing rent of £150,000 per annum
Lease expiring 31 December 2028 (approximately 2.5 years unexpired)
Lease expiring 31 December 2028 (approximately 2.5 years unexpired)
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
5,772 sq ft
Costar Property Class
B
Year Built
1987
Price
£1,995,000
Price per sq ft
£345.63
Yield
7%
NOI
£139,650
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.13
Total Plot Size
1.00 ac
Frontage
31 ft on Haymarket
Amenities
- Security System
- Signage
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The premises comprise a prominent corner Class E unit arranged over the basement, ground, first and second floors. The basement, ground and first floors are all suitable for customer sales accommodation. There is a courtyard at the rear of the property, accessed via the basement.
| Space | Size | Space Use | Position | Available |
| 1a | 5,208 sq ft | Retail | - | 30 Days |
1a
| Size |
| 5,208 sq ft |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1a
| Size | 5,208 sq ft |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
The premises comprise a prominent corner Class E unit arranged over the basement, ground, first and second floors. The basement, ground and first floors are all suitable for customer sales accommodation. There is a courtyard at the rear of the property, accessed via the basement.
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Nearby Major Retailers
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1A Haymarket
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