NR2 3-5 Dove Street, Norwich

CITY CENTRE INVESTMENT OPPORTUNITY with potential for redevelopment, subject to planning

Extensive city centre property

Let to PACT Animal Sanctuary

The property comprises two former period buildings, combined to create a single retail unit, with accommodation arranged over basement, ground and three upper floors.

As currently configured, the building provides retail space at basement, ground and first floor level, with storage and staff amenity facilities at second and third floor levels.

The property is Grade II Listed and has an extensive frontage to Dove Street.

PACT have occupied the property since 2014 under a 10 year lease from 1st May 2014. The lease term has expired and the Tenant is currently holding over at a rent of £21,000 per annum exclusive, on full repairing and insuring terms subject to a Schedule of Condition.

The property occupies a prominent position on Dove Street, just off Guildhall Hill and Market Place, at the heart of Norwich's historic city centre.

Nearby occupiers include Leeds Building Society, TSB and a range of independent retail, café, restaurant and coffee shop operators. The location is set to be further enhanced through the revamp of Chamberlain House on Guildhall Hill, to convert the former Tesco Express into a new 91 room Travelodge.

Rental Income £21,000 pa