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88 - 90 Catton Grove Road, Norwich, Norfolk NR3 3AA
£575,000
88 - 90 Catton Grove Road, Norwich, Norfolk NR3 3AA
£575,000
Our Summary
- AVAILABLE POST AUCTION PLEASE CONTACT THE AUCTIONEER FOR FURTHER DETAILS OR TO ARRANGE A VIEWING
- Located in a prominent position on the ring road this site offers great potential and an opportunity for development (stpp)
- Currently let producing £7,140pa, £595 pcmOutside There is a driveway leading to a large car park which offers great potential for redevelopment, subject to planning
- Great investment opportunity
Description
This mixed-use property in Norwich is available for sale, offering a unique opportunity for development (subject to planning). The site comprises two shops, currently occupied by Pegasus Models, which produce £17,400 per annum. Above the shop, there are two one-bedroom flats, let on ASTs, generating £8,400 and £9,600 per annum respectively. A garage/workshop to the rear is also let, producing £7,140 per annum. The property benefits from a large car park, offering potential for redevelopment. The current income from the site is £42,540 per annum. The property is being sold freehold, with an EPC rating of E for the shop and C for the flats. Viewings can be arranged by appointment only, and the property is available to purchase with a buyer's premium and administration fee payable on exchange of contracts.