Commercial Property in Hingham available for sale
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Commercial Property for Sale near Hingham, Norwich

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More details for 14 Market Pl, Hingham - Retail for Sale

14 Market Pl

Hingham, NR9 4AF

  • Retail for Sale
  • £195,000
  • 825 sq ft
  • Smoke Detector

Hingham Retail for Sale

14/14a Market Place comprises a Grade II listed mixed-use property situated in the picturesque town of Hingham. The ground floor shop has large display windows fronting the Market Place/B1108 and an open plan retail space with steps splitting the accommodation. The shop also has a teapoint, wc and storage cupboard, with access to a small rear courtyard. To the front of the property is a passageway and separate entrance to the first-floor studio flat. The self-contained first floor studio flat has maintained its character with the charming beamed bed/sitting room, but with modern touches. A modern kitchenette is fully fitted with units, under counter fridge/freezer, microwave oven and induction hob. The shower room has recently been refitted with a new suite and electric shower. The property is heated with new Ducassa electric radiators. We are instructed by our client to seek offers in excess of £180,000 for the freehold interest of the property. The shop is currently unoccupied having previously been a tea room/café. The flat is occupied under an assured shorthold tenancy which commenced in November 2024 for £475.00 pcm (£5,700 p.a). The property is held on 2 Land Registry titles: NK454706 & NK169547. There is a shared hallway which provides access to the studio flat and the adjacent 1 Norwich Road (a neighbouring property not included in this sale).

Contact:

Durrants

Property Subtype:

Shopfront Retail / Residential

Date on Market:

03/07/2025
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Commercial Properties for Sale Within 5 miles of the Hingham, Norwich

LoopNet UK Norfolk Norwich Commercial Properties For Sale in Hingham, Norwich, UK

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FAQs about Commercial Properties For Sale in Hingham

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How many Commercial Property listings are available for sale in Hingham?
There are currently 1 Commercial Properties available for sale near Hingham. These Hingham Commercial Property listings have an average size of 825 sq ft. The largest available listing in Hingham is 825 sq ft. The thriving commercial centre and excellent transport links in Hingham make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Hingham?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Hingham currently range from £173 to £173 per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Hingham?
There is a diverse range of commercial properties available in Hingham to suit various business needs. Hingham offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 Hingham commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Hingham, Norwich

Market Overview for Commercial Properties in Hingham

Key information for Commercial Properties investors in Hingham and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Diss £131 34,542 sq ft
Watton £336 393 sq ft
Dereham £136 3,000 sq ft
Norwich £141 102,756 sq ft
Long Stratton £14 7,623 sq ft

Rental Price Trends in Hingham

The price per square foot range for Commercial Properties in Hingham and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Diss £131 £131 £131
Watton £336 £336 £336
Dereham £110 £136 £161
Norwich £81 £141 £224
Long Stratton £14 £14 £14

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Hingham area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Diss 2,669 sq ft 34,542 sq ft 70,000 sq ft
Watton 393 sq ft 393 sq ft 393 sq ft
Dereham 700 sq ft 3,000 sq ft 5,800 sq ft
Norwich 743 sq ft 102,756 sq ft 2,086,500 sq ft
Long Stratton 7,623 sq ft 7,623 sq ft 7,623 sq ft

You searched for commercial property for sale in Hingham. Explore 1 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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