Retail in NR16 available for sale
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Retail Properties for Sale near NR16, Norwich

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Retail Properties for Sale Within 10 miles of the NR16, Norwich

More details for 53-53A Mere St, Diss - Retail for Sale

53-53A Mere St

Diss, IP22 4AG

  • Retail for Sale
  • £435,000
  • 1,783 sq ft

Diss Retail for Sale

This Grade II Listed property forms part of a prominent high street parade comprising two ground floor retail units with a self-contained first floor two-bedroom flat. The larger retail unit has an open sales area, rear store, cloakroom, and large detached rear store. The smaller unit has a good sales area, smaller store, and cloakroom facilities. The flat benefits from two double bedrooms, sitting room, kitchen, and shower room. In all, the property extends to approximately 248 sq.m (2,668 sq.ft). To the rear of the building is an extensive car parking and loading area. The total site area extends to 0.12 of an acre. The property is fully let, producing £39,900 per annum across three tenancies. A full summary and copies of the leases and tenancy agreement are available on request. Diss is an attractive and historic market town located approximately 23 miles to the south of Norwich. The property is prominently located in the heart of the town centre on the west side of the pedestrianised Mere Street, which extends directly to Market Place. The property benefits from its close proximity to a wide range of national and independent retailers, cafés, and restaurants within Mere Street including Costa Coffee, Ladbrokes, Holland & Barrett, Boots, Card Factory, Nationwide, and Specsavers. The property benefits from mains electricity, mains water, and mains drainage. Mains gas is connected to the flat. (Durrants have not tested any apparatus, equipment, fittings, or services and so cannot verify they are in working order). Strictly by arrangement with the agents.

Contact:

Durrants

Property Subtype:

Shopfront Retail / Residential

Date on Market:

02/04/2026
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More details for 14 Market Pl, Hingham - Retail for Sale

14 Market Pl

Hingham, NR9 4AF

  • Retail for Sale
  • £155,000
  • 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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More details for 3-4 Market Pl, Wymondham - Retail for Sale

3-4 Market Pl

Wymondham, NR18 0AG

  • Retail for Sale
  • Price Upon Request
  • 2,736 sq ft

Wymondham Retail for Sale

Located in the heart of Wymondham’s Market Place, this prime ground-floor retail unit offers a strong presence in an attractive and growing market town. Situated just 10 miles southwest of Norwich, Wymondham benefits from excellent connectivity via the A11, providing direct links to Norwich, Thetford, and beyond. Surrounded by a mix of national and independent retailers, the property occupies a prominent position with immediate co-tenancy including Co-op, Specsavers, Betfred, Savers, and Cecil Amey Opticians—driving steady foot traffic throughout the day. The available space spans approximately 569 sq ft and is offered on a new full repairing and insuring lease, with flexible terms to suit prospective tenants. For parties seeking additional potential, the freehold interest (inclusive of No. 4 Market Place and a vacant first-floor flat) may also be made available upon request. The property has a current rateable value of £7,400 (from April 1, 2026), which may offer small business rates relief for qualifying tenants. EPC details are available upon request. Viewings are strictly by appointment with the sole agents.

Contact:

Francis Darrah Surveyors Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

02/06/2026
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LoopNet UK Norfolk Norwich Retail Properties For Sale in NR16, Norwich, UK

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FAQs About Retail Property For Sale in NR16

See All Retail Spaces For Sale
How many retail properties are currently available for sale in NR16?
There are currently 0 retail properties available for sale. Sizes range from to , with an average size of. Available opportunities may include high street shops, retail units, shopping centre space, neighbourhood parades and mixed-use investments.
How much does retail property cost in NR16?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, footfall, tenant strength, lease terms and the overall condition of the property.
What factors influence retail property values?
Location is often the most important factor, alongside footfall levels, tenant quality, lease length, rental income, nearby occupiers and local market conditions. Properties with strong trading locations and established tenants may attract greater investor demand.
What sizes of retail property are available?
Available properties range from to , with an average size of. Opportunities may suit independent retailers, owner-occupiers, investors and larger multi-site operators.
What are the benefits of investing in retail property?
Retail property can provide long-term rental income and the potential for capital growth. Well-located assets with established tenants may offer predictable income streams, while properties with redevelopment or alternative-use potential can provide additional opportunities for value creation.
What risks should I consider before buying?
Potential risks include tenant vacancy, changing consumer behaviour, local competition, economic conditions and shifts in retail demand. Understanding the strength of the location and the sustainability of rental income is an important part of any acquisition decision.
How does lease length affect investment performance?
Longer leases can provide greater income certainty, while shorter leases may offer opportunities for rent growth or repositioning. Investors should review rent review provisions, break clauses and tenant obligations when assessing an asset.
What types of tenants occupy retail property?
Retail occupiers can include national retailers, convenience stores, restaurants, cafés, health and beauty businesses, service providers and independent operators. The mix of tenants can influence both investment performance and future demand.
Can a retail property be used for other purposes?
Many retail premises fall within Use Class E, which may allow a degree of flexibility between retail, office, hospitality, health and other commercial uses. However, any proposed change of use should be confirmed with the local planning authority.
What due diligence should I carry out before buying?
Buyers should review leases, tenant covenant strength, service charge arrangements, planning permissions, title documents, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance and any refurbishment or maintenance works that may be required.

Discover More Retail Properties for Sale in the NR16, Norwich

With 0 retail units currently available for sale in NR16, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in NR16, 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 NR16, 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 NR16 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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