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100 Castle Quarter

385,158 SF 99% Leased 4-Star Retail Building Norwich NR1 3DD £23,550,000 (£61/SF) 10% Net Initial Yield

Investment Highlights

  • Exceptionally strong and robust income profile with a WAULT of 9.24 years to expiry and 7.67 to break
  • Anchor tenants include TK Maxx, Superbowl, Vue and Boots
  • Impressive footfall of 7.40 million per annum

Executive Summary

Castle Quarter is Norwich’s prime social, leisure and lifestyle destination, located at the heart of Norwich city centre
Net operating income, after deductions of Landlord shortfalls and non-recoverable contribution to marketing, of £2,507,472 per annum
We are instructed to seek offer in excess of £23,550,000 (TWENTY THREE MILLION FIVE HUNDRED AND FIFTY THOUSAND POUNDS), exclusive of VAT and subject to contract. This reflects a net initial yield of 10.00% and a capital value of £61 per sq ft.

Property Facts

Sale Type
Investment
Sale Condition
Distress Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
385,158 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1993
Price
£23,550,000
Price Per SF
£61
Net Initial Yield
10%
NOI
£2,355,000
Percent Leased
99%
Tenancy
Multiple
Number of Floors
5
Building FAR
1.34
Lot Size
6.58 AC
Parking
800 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
184 ft on Farmers Ave

Amenities

  • Atrium
  • Food Court
  • Property Manager on Site
  • Security System
  • Signage
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Basement
  • 541 SF
  • Retail
  • -
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 12
  • 1,693 SF
  • Retail
  • -
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 13
  • 1,121 SF
  • Retail
  • -
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 17
  • 6,802-7,865 SF
  • Retail
  • End Cap
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 21
  • 1,121 SF
  • Retail
  • End Cap
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 22/23
  • 4,219-4,983 SF
  • Retail
  • -
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 24
  • 1,057 SF
  • Retail
  • End Cap
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 25/26
  • 1,651 SF
  • Retail
  • End Cap
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 38
  • 2,012 SF
  • Retail
  • End Cap
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 50
  • 303 SF
  • Retail
  • In-Line
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 6
  • 1,842 SF
  • Retail
  • -
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • Ground
  • 5,176 SF
  • Retail
  • -
  • Now
  • Ground
  • 596 SF
  • Office
  • -
  • Now
  • 62
  • 1,306 SF
  • Retail
  • -
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 72
  • 1,194 SF
  • Retail
  • In-Line
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 73
  • 1,633 SF
  • Retail
  • -
  • 30 Days

Unit 73 Castle Mall Shopping Centre comprises a retail area of 1,633 sq ft. The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 74
  • 1,765 SF
  • Retail
  • End Cap
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 78
  • 1,194-1,451 SF
  • Retail
  • -
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 89
  • 1,771 SF
  • Retail
  • End Cap
  • 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 91/92
  • 1,480 SF
  • Retail
  • In-Line
  • 30 Days

Units 91/92 Castle Mall Shopping Centre comprises a retail area of 1,480 sq ft. The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

  • 95
  • 481 SF
  • Retail
  • -
  • 30 Days

Unit 95 Castle Mall Shopping Centre comprises a retail area of 481 sq ft and an ancillary area of 28 sq ft. The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

Space Size Space Use Position Available
Basement 541 SF Retail - 30 Days
12 1,693 SF Retail - 30 Days
13 1,121 SF Retail - 30 Days
17 6,802-7,865 SF Retail End Cap 30 Days
21 1,121 SF Retail End Cap 30 Days
22/23 4,219-4,983 SF Retail - 30 Days
24 1,057 SF Retail End Cap 30 Days
25/26 1,651 SF Retail End Cap 30 Days
38 2,012 SF Retail End Cap 30 Days
50 303 SF Retail In-Line 30 Days
6 1,842 SF Retail - 30 Days
Ground 5,176 SF Retail - Now
Ground 596 SF Office - Now
62 1,306 SF Retail - 30 Days
72 1,194 SF Retail In-Line 30 Days
73 1,633 SF Retail - 30 Days
74 1,765 SF Retail End Cap 30 Days
78 1,194-1,451 SF Retail - 30 Days
89 1,771 SF Retail End Cap 30 Days
91/92 1,480 SF Retail In-Line 30 Days
95 481 SF Retail - 30 Days

Basement

Size
541 SF
Space Use
Retail
Position
-
Available
30 Days

12

Size
1,693 SF
Space Use
Retail
Position
-
Available
30 Days

13

Size
1,121 SF
Space Use
Retail
Position
-
Available
30 Days

17

Size
6,802-7,865 SF
Space Use
Retail
Position
End Cap
Available
30 Days

21

Size
1,121 SF
Space Use
Retail
Position
End Cap
Available
30 Days

22/23

Size
4,219-4,983 SF
Space Use
Retail
Position
-
Available
30 Days

24

Size
1,057 SF
Space Use
Retail
Position
End Cap
Available
30 Days

25/26

Size
1,651 SF
Space Use
Retail
Position
End Cap
Available
30 Days

38

Size
2,012 SF
Space Use
Retail
Position
End Cap
Available
30 Days

50

Size
303 SF
Space Use
Retail
Position
In-Line
Available
30 Days

6

Size
1,842 SF
Space Use
Retail
Position
-
Available
30 Days

Ground

Size
5,176 SF
Space Use
Retail
Position
-
Available
Now

Ground

Size
596 SF
Space Use
Office
Position
-
Available
Now

62

Size
1,306 SF
Space Use
Retail
Position
-
Available
30 Days

72

Size
1,194 SF
Space Use
Retail
Position
In-Line
Available
30 Days

73

Size
1,633 SF
Space Use
Retail
Position
-
Available
30 Days

74

Size
1,765 SF
Space Use
Retail
Position
End Cap
Available
30 Days

78

Size
1,194-1,451 SF
Space Use
Retail
Position
-
Available
30 Days

89

Size
1,771 SF
Space Use
Retail
Position
End Cap
Available
30 Days

91/92

Size
1,480 SF
Space Use
Retail
Position
In-Line
Available
30 Days

95

Size
481 SF
Space Use
Retail
Position
-
Available
30 Days

Basement

Size 541 SF
Space Use Retail
Position -
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

12

Size 1,693 SF
Space Use Retail
Position -
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

13

Size 1,121 SF
Space Use Retail
Position -
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

17

Size 6,802-7,865 SF
Space Use Retail
Position End Cap
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

21

Size 1,121 SF
Space Use Retail
Position End Cap
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

22/23

Size 4,219-4,983 SF
Space Use Retail
Position -
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

24

Size 1,057 SF
Space Use Retail
Position End Cap
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

25/26

Size 1,651 SF
Space Use Retail
Position End Cap
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

38

Size 2,012 SF
Space Use Retail
Position End Cap
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

50

Size 303 SF
Space Use Retail
Position In-Line
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

6

Size 1,842 SF
Space Use Retail
Position -
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

62

Size 1,306 SF
Space Use Retail
Position -
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

72

Size 1,194 SF
Space Use Retail
Position In-Line
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

73

Size 1,633 SF
Space Use Retail
Position -
Available 30 Days

Unit 73 Castle Mall Shopping Centre comprises a retail area of 1,633 sq ft. The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

74

Size 1,765 SF
Space Use Retail
Position End Cap
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

78

Size 1,194-1,451 SF
Space Use Retail
Position -
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

89

Size 1,771 SF
Space Use Retail
Position End Cap
Available 30 Days

The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

91/92

Size 1,480 SF
Space Use Retail
Position In-Line
Available 30 Days

Units 91/92 Castle Mall Shopping Centre comprises a retail area of 1,480 sq ft. The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

95

Size 481 SF
Space Use Retail
Position -
Available 30 Days

Unit 95 Castle Mall Shopping Centre comprises a retail area of 481 sq ft and an ancillary area of 28 sq ft. The Centre is a vibrant everyday shopping destination in the heart of Norwich, with a brand new £3M restaurant quarter. There are a total of 87 retail units, 6 food court units, an 8 screen Vue multiplex cinema and 800 car parking spaces.

Nearby Major Retailers

Sainsbury's
Pret A Manger
Santander
YMCA
Pure Gym
Bakers + Baristas
Starbucks
eurochange
Tortilla
West Cornwall Pasty Co
  • Listing ID: 33390605

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 100 Castle Quarter, Norwich NR1 3DD

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