Petrol Stations for sale in NR2

Commercial Property in NR2 available for sale

Retail Properties for Sale Near the NR2

15-17 Haymarket & 2 Rampant Horse Street

Retail for Sale
£4,500,000
16,879 sq ft
2 Retail Properties

Norwich Portfolio of properties for Sale

FMX Urban property Advisors are instructed to seek offers in excess of £4,180,000 (Four Million One Hundred and Eighty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7.50% assuming standard purchaser costs.

Contact:

FMX Urban Property Advisers

Date on Market:

02/06/2025

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54 London St

Norwich, NR2 1LA

Retail for Sale
£300,000
1,264 sq ft

Energy Performance: E

Norwich Retail for Sale

Offers are invited in excess of £300,000 (Three Hundred Thousand Pounds) for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 8% after buyer’s costs. 54 London Street presents an opportunity to acquire a freehold retail investment in a prominent corner position within Norwich city centre. The property occupies a highly visible location at the junction of London Street and Opie Street, opposite The Cosy Club and Prestons Jewellers, within a busy pedestrianised retail environment connecting Norwich Cathedral and the traditional business quarter to the city's prime shopping area. The building provides accommodation across ground, first, second and third floors and is fully let to Bryar Khadir trading as Mister Grooming Room. The tenant occupies the property on a full repairing and insuring lease for a term of 15 years commencing 17 April 2019 and expiring 16 April 2034. The current passing rent is £25,000 per annum exclusive, with a final upward-only rent review due from 17 April 2029. Norwich is an established regional centre serving East Anglia, benefiting from a substantial catchment population, a large student population, and strong transport connections. The city continues to attract retail, leisure, and tourism activity, supporting occupier demand.