Retail in NR1 available for sale
7

Retail Properties for Sale near NR1, Norwich

Retail Properties for Sale Within 5 miles of the NR1, Norwich

More details for 40 Exchange St, Norwich - Retail for Sale

40 Exchange St

Norwich, NR2 1AX

  • Retail for Sale
  • £150,000
  • 1,201 sq ft
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More details for 15-17 Haymarket & 2 Rampant Horse Street – Retail for Sale, Norwich

15-17 Haymarket & 2 Rampant Horse Street

  • Retail for Sale
  • £4,500,000
  • 16,879 sq ft
  • 2 Retail Properties
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More details for 68-70 St Benedicts St, Norwich - Retail for Sale

68-70 St Benedicts St

Norwich, NR2 4AR

  • Retail for Sale
  • £375,000
  • 3,165 sq ft

Norwich Retail for Sale

The property comprises a two/three storey building which is brick built with pitched and tiled roofs. The upper floors are occupied by two flats. On the ground floor is the Tallow steak restaurant, which occupies the frontage of both 68 to 70 with kitchens and store rooms to the rear. Flat 1 is held by way of a long lease of 125 years from 27th October 2011 at a ground rent of £50 per annum to be paid on 1st July each year. The flat is also responsible for 20% of Service Obligations. Flat 2 is held by way of a long lease for 125 years we believe from 3rd December 2012 at a ground rent of £50 per annum to be paid on 1st January each year. Flat 2 is responsible for 30% of the service obligations. The restaurant, Tallow, is let by way of 10-year lease from October 2024 to expire in October 2034. There is a tenant’s option to break in October 2029, requiring three months notice. The tenant is GC and NC Enterprises, a new company, although the lease is guaranteed. The rent is £30,000 per annum and there is an upwards only rent review after five years to the open market value. Use is for restaurant and bar within Class E (a) of the Town and Country Planning Use Classes Order 1987. The landlord insures and recovers from the tenant. The lease is outside the security of tenure provisions of the Landlord and Tenant Act. It is full repairing and insuring and the lease allows for assigning or subletting of the whole only.

Contact:

Brown & Co

Property Subtype:

Restaurant

Date on Market:

04/03/2026

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More details for Town House Rd, Costessey - Retail for Sale

Harte of Costessey - Town House Rd

Costessey, NR8 5AA

  • Retail for Sale
  • £425,000
  • 6,251 sq ft
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More details for 10 Bowthorpe Employment Area, Norwich - Retail for Sale

Namco Funscape - 10 Bowthorpe Employment Area

Norwich, NR5 9JB

  • Retail for Sale
  • £2,500,000
  • 34,314 sq ft
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FAQs about Retail property for sale in NR1

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in NR1?
There are currently 0 Retail Properties available for sale near NR1. These NR1 Retail Property listings have an average size of. The largest available listing in NR1 is. The thriving commercial centre and excellent transport links in NR1 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in NR1?
The average price/SF for Retail Property for sale in NR1 is about. The cost per sq ft for Retail Property in NR1 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in NR1?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in NR1?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in NR1 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the NR1, Norwich

With 0 retail units currently available for sale in NR1, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in NR1, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in NR1, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in NR1 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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