31 Bedford St
1,050 SF Retail Building Norwich NR2 1AG £235,000 (£223.81/SF) 8.50% Net Initial Yield

INVESTMENT HIGHLIGHTS
- The property provides accommodation on ground and first floors with good basement storage which although below the ground floor is accessed externally
- Great transport link
- The property is located on the corner of Bedford Street/St Andrews Hill at the junction with London Street which links Norwich Cathedral
EXECUTIVE SUMMARY
PROPOSAL
Offers are invited in the region of £235,000 (Two Hundred and Thirty Five Thousand Pounds) for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 8.5% after buyer’s costs.
Offers are invited in the region of £235,000 (Two Hundred and Thirty Five Thousand Pounds) for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 8.5% after buyer’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,050 SF
Building Class
B
Year Built
1956
Price
£235,000
Price Per SF
£223.81
Net Initial Yield
8.50%
NOI
£19,975
Tenancy
Single
Number of Floors
2
Building FAR
1.75
Lot Size
0.01 AC
Frontage
AMENITIES
- Security System
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS









