SOLD

TypeRetail Investments

NR2 5 Queen Street, Norwich

TenureFor sale

5 Queen Street, Norwich, NR2 1/1

Specification

Building size
Building size 300 - 7,769 sqft
Property type
Property type Retail Investments
Tenure
Tenure For sale

Description

The property is let to Pho Trading Ltd at £85,000 pax on an FRI 15-year lease expiring 12 April 2039; Simpler PR Ltd at £14,088 pax on an FRI lease expiring 30 November 2027 and Lead Genera Ltd at £25,000 pax on an FRI lease expiring 20 February 2030. Car spaces £4,860. Total income £128,947.50.

Offers invited in the region of £1.3 m, showing an attractive net yield of approximately 9.4%.

Location

The property is situated in heart of Norwich's restaurant and night time area, adjacent to Revolucion de Cuba, opposite Kerrys and in the vicinity of BrewDog, Melville & Sons, Zizzis, Giggling Squid and numerous other branded and independent operators.

The surrounding area is home to many professional and creative office occupiers and is also the location of Norwich University of Arts.

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