Commercial Property in NR8 available for sale
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Commercial Properties for Sale near NR8, Norwich

Commercial Properties for Sale Within 5 miles of the NR8, Norwich

More details for 11 Unthank Rd, Norwich - Office for Sale

11 Unthank Rd

Norwich, NR2 2PA

  • Office for Sale
  • £1,250,000
  • 3,711 sq ft
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More details for Blind Ln, Honingham - Land for Sale

The Food Enterprise Park - Blind Ln

Honingham, NR9 5FX

  • Land for Sale
  • Price Upon Request
  • 12.24 ac Plot

Honingham Land for Sale - Easton, Norfolk

The Food Enterprise Park is a 100 acre development site within the DEFRA Greater Norwich Food Enterprise Zone, and stands as a centre of excellence, strategically designed to nurture an economic cluster of dynamic food, drink and agritech businesses. The FEP's Local Development Order status provides full planning permission for qualifying uses, enabling swift establishment and expansion of businesses on the site. Situated to the west of Norwich at Honingham, near Easton, the FEP immediately adjoins the A47, one of the main transport routes in the region linking Norwich to King's Lynn and Peterborough to the west, and provides easy access to London and Cambridge via the recently dualled A11 and M11. The historic city of Norwich has an urban population of 213,000 (2011 Census) and offers an outstanding quality of life, with the stunning coastline, historic towns and Norfolk Broads all within easy reach. The Government is implementing a £200m programme of improvements to the A47, including the dualling of the single carriageway section between North Tuddenham and Easton. The upgrade works are currently under construction and will create direct access to the site with a new roundabout. Journey times to and from the site will be significantly improved. Plot ABC extends to 12.24 acres and can be taken as a whole or on a split basis from c. 2 acres. PHASE 1 All infrastructure is in place to support food related businesses, including a road network, surface, foul and mains water systems, high speed broadband and 30MW electricity to power the site. Phase 1 offers 46 acres of commercial development land in plots to accommodate units of 5,000 sq ft to 250,000 sq ft, on freehold or leasehold terms, with planning and all infrastructure in place, building works can start immediately. PHASE 2 50 acres which benefit from Local Development Order status and upon completion of the site infrastructure works, will offer serviced and consented development plots from c.1 acre upwards with access to generous amounts of power. Streamlined Planning Food Enterprise Zones (FEZ) are a government initiative introduced by the Department for Food, Environment and Rural Affairs (DEFRA). The Greater Norwich FEZ was designated in 2015, and a Local Development Order (LDO) put in place by Broadland District Council in 2017 in respect of Phase 1, and by South Norfolk District Council in 2025 in respect of Phase 2. Occupiers who have already located to the FEP include: CONDIMENTUM LIMITED 3 acre site retaining the iconic Colman's name in Norwich, with a state-of-the-art mint & mustard mill. BROADLAND FOOD INNOVATION CENTRE 3 acre site providing a development of 13 food grade production units totalling 38,000 sq ft with innovation support. FISCHER FARMS LIMITED 5 acre site revolutionising the future of farming with a large scale vertical farming / hydroponics facility. ORIGINAL HOLDING COMPANY 9 acre plot purchase for a new large scale wine processing facility. The Food Enterprise Park benefits from 30 MW of grid power and a further 30 MW of renewable solar is planned.

Contact:

Brown & Co

Property Subtype:

Industrial

Date on Market:

13/03/2024

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FAQs About Commercial Property For Sale in NR8

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How many commercial properties are currently available for sale in NR8?
There are currently 0 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in NR8?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

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