Retail property (high street) for sale
Property description & features
LOCATION
Strategically positioned on Catton Grove Road, this mixed-use property boasts a prime location within Norwich’s NR3 district, just north of the city center. The site offers excellent visibility and accessibility, being adjacent to the outer ring road and close to major transport links. The surrounding area is well-serviced by local amenities, including retail outlets, eateries, and schools, making it an ideal investment opportunity. This location is perfect for businesses seeking high footfall and residents desiring convenient access to city life and transport hubs.
DESCRIPTION
Guide Price £600,000 - £650,000.
Presenting a unique investment opportunity, this mixed-use property occupies a generous site area of 0.282 acres (STMS) on Catton Grove Road in Norwich's NR3 district. The property comprises two traditional semi-detached houses, now combined and extensively extended, offering a total commercial space of approximately 4,058 square feet and residential space of 984 approximately square feet.
The commercial area, once two separate shops, has been merged into a large retail space with potential to be divided back into two or three units. Above the commercial space, there are two well-maintained two-bedroom apartments, currently rented, providing a stable income stream.
To the left-hand side and rear of the property is a parking area leading to a block of garages, adding to the site's versatility. With potential for further development (STP), this property is ideally positioned in a prominent location with excellent visibility, adjacent to Norwich's outer ring road and close to local amenities, making it an attractive proposition for investors seeking both commercial and residential income.
Key Features:
- Site area: 0.282 acres (STMS)
- Commercial space: 4,058 sq. ft.
- Residential space: 984 sq. ft.
- Current annual income: £42,480
- Potential for further development (STP)
- Prime location in NR3, close to transport links and local amenities
This property offers significant potential for further enhancement, making it an ideal investment for those looking to maximise returns in a thriving area of Norwich.
VIEWING
Viewing by appointment only.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 103654026246. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Hammond & Stratford - Eaton.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.