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40 Exchange St 1,227 sq ft Retail Property Norwich NR2 1AX £225,000 (£183.37/sq ft)


INVESTMENT HIGHLIGHTS
- Prominent Business Location
- Wide Frontage
- Solid Transport Links
EXECUTIVE SUMMARY
The property provides accommodation on ground, first and second floors with good basement storage. The property is currently used as a complementary health clinic and comprises a number of rooms for consultations and treatment. The property is let to James Jewell & Natalie Dawson t/a Attic Brew Coffee & Attic Barbers on an internal repairing and insuring lease, outside the Landlord & Tenant Act 1954, for a term of 5 years from 1 November 2024, at a rent of £15,500 pax. There is a fixed increase to £16,500 pax in May 2026.The adjacent properties, 38 and 40 exchange street, are owned by the same vendor and can be purchased with the subject property, or can be bought separately at the prices advertised.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,227 sq ft
Costar Property Class
B
Year Built
1890
Price
£225,000
Price per sq ft
£183.37
Tenancy
Single
Number of Floors
3
Plot ratio
0.82
Total Plot Size
0.03 ac
Frontage
42 ft on Exchange St
AMENITIES
- Corner Lot
- Air Conditioning
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NEARBY MAJOR RETAILERS
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MATTERPORT 3D EXTERIOR
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40 Exchange St
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