48-72 St. Stephens Street, Norwich, Norfolk, NR1

Description

Prime freehold redevelopment/investment opportunity for sale, occupying a major gateway location into Norwich city centre adjacent to Chantry Place Shopping Centre, opposite Norwich's bus station and within St Stephens Street that houses, Marks & Spencer, Poundland, WH Smith and Superdrug.

Location

Norwich is a renowned cathedral city with a catchment population of over 800,000. The city benefits from excellent communication links to London (A11/M11) and the Midlands (A14). Norwich has twice hourly direct train links to London (1 hour 50 minutes) and an International Airport. The city boasts two universities, University of East Anglia and
Norwich University of the Arts, is a UNESCO City of Literature, forms part of the Cambridge Norwich Tech Corridor and has its own Research Park. Norwich is frequently cited as one of the most desirable UK cities as a result of its safe and historic environment, affordable housing and access to jobs. It is surrounded by the coast and the Norfolk Broads National Park. Norfolk has a total of 32 million tourist trips that benefit the economy by £2.34 billion and supports over 50,000 jobs.

Accommodation Description

48/54 St Stephens Street - Former Poundland
sq ft sq m
Ground floor sales 13,937 sq ft 1,295.3 sq m
Basement sales 7,997 sq ft 743.2 sq m
First floor offices/storage 4,918 sq ft 457 sq m
Total 26,852 sq ft 2494.6 sq m

56/72 St Stephens Street - Wilkinsons
sq ft sq m
Ground floor 25914 sq ft 2407.5 sq m
Basement 745 sq ft 69.2 sq m
First floor 26,937 sq ft 2502.5 sq m
Second floor 32,170 sq ft 2,988.7 sq m
Car Parking 18 Spaces -
Total 85,766 sq ft 7,967.9 sq m

Grand Total 112,618 sq ft 10,463 sq m

Wilkinsons did not utilise the second floor and small elements elsewhere, further details upon request.

48/54 St Stephens Street is Locally Listed.

Rates

The Valuation Office Agency website indicates that as from April 2023, the rateable values are as follows:

48/54 St Stephens Street - £210,000

56/72 St Stephens Street - £211,000