The Granary at 5 Bedford Street in Norwich is being marketed as a freehold retail investment opportunity.
The property, an attractive end of terrace 19th Century four storey building, was originally built as a grain store and converted to a retail store in the 1970’s. It is currently trading as a furniture and interiors store with retail sales on all 3 floors as well as the basement. Total floor area is 7,154 sq ft.
The property is centrally located and in close proximity to Exchange Street, London Street and St Andrew Street. Nearby occupiers include, Jarolds, Butchers, Dogfish, Café Rouge and Bang & Olufsen.
John Russell, head of Januarys Property Management division and handling the marketing of the property, comments, “This sale presents an excellent investment opportunity and the chance to purchase a well-known, attractive city property in an established trading location. Rental income is currently £60,000 per annum with an outstanding rent review due. There is also potential for medium to long term development.”
Offers in excess of £925,000 are invited for the freehold. The property is currently under offer.
BACK TO LIST |
