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88 - 90 Catton Grove Road, Norwich, Norfolk NR3 3AA
£500,000
88 - 90 Catton Grove Road, Norwich, Norfolk NR3 3AA
£500,000
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 offers a unique opportunity for development (subject to planning). The site comprises two shops, currently occupied by Pegasus Models, with a large car park leading to a garage/workshop. Above the shop, there are two two-bedroom flats let on ASTs, generating a total income of £42,540 per annum. The shop is currently producing £17,400 per annum, while the flats and garage/workshop generate £8,400, £9,600, and £7,140 per annum, respectively. The property also benefits from a large car park with potential for redevelopment. The freehold property has an EPC rating of E (shop) and C (flats), and is being sold with an administration fee and buyer's premium fee payable on exchange of contracts. Viewings can be arranged by prior appointment.