SOLD

TypeRetail Investments · Industrial Investments · Residential Investments · Mixed Portfolio Investments · Shops

NR27 41 & 41a Prince Of Wales Road, Cromer

TenureFor sale

41 & 41a Prince Of Wales Road, Cromer, NR27 1/6

Specification

Building size
Building size 175.10 sqm
Property type
Property type Retail Investments · Industrial Investments · Residential Investments · Mixed Portfolio Investments · Shops
Tenure
Tenure For sale

Description

Flexible Investment Property.

41 & 41a Prince of Wales

Road is positioned in a prominent position on the corner of Prince of Wales Road and West Street and is therefore situated upon an arterial route entering Cromer.

The Freehold of the property consists of two single storey commercial premises which are both let and occupied. The freehold of the building also includes

long leased flats on the first and second floor.

41 has a large retail area with return frontage onto West Street, store, kitchen and two W.C. s and a parking space located off West Street.

41a has a large retail area which has been partitioned to provide internal storage and a W.C. and a basement below.

There are 3 flats above sold off on long leaseholds.

Location

Cromer is an attractive and popular seaside town on the north Norfolk coastline. The town is vibrant and boasts a wide range of facilities and shops ranging from large national chains such as Argos, Halfords and Iceland as well as a variety of cafes, restaurants and shops as well as traditional seaside shops selling buckets and spades and seaside gifts.

The town is one of North Norfolk's 'Principal Settlements' and as such is a primary retail destination with a strong collection of both local and national retailers. Demand for commercial property in Cromer has remained relatively strong for over a decade with few vacancies. Cromer has a population of about 7,500 (2021 census) which increases markedly during the busy summer months.

The cathedral city of Norwich, with its airport and frequent rail service to London Liverpool Street, is located about 23 miles to the south.

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