Catton Grove Road, Norwich

LOCATION
Strategically positioned on Catton Grove Road, this mixed-use property boasts a prime location within Norwich´s NR3 district, just north of the city center. The site offers excellent visibility and accessibility, being adjacent to the outer ring road and close to major transport links. The surrounding area is well-serviced by local amenities, including retail outlets, eateries, and schools, making it an ideal investment opportunity. This location is perfect for businesses seeking high footfall and residents desiring convenient access to city life and transport hubs.

DESCRIPTION
Guide Price £600,000 - £650,000.

Presenting a unique investment opportunity, this mixed-use property occupies a generous site area of 0.353 acres (STMS) on Catton Grove Road in Norwich's NR3 district. The property comprises two traditional semi-detached houses, now combined and extensively extended, offering a total commercial space of approximately 4,058 square feet and residential space of 984 approximately square feet.

The commercial area, once two separate shops, has been merged into a large retail space with potential to be divided back into two or three units. Above the commercial space, there are two well-maintained two-bedroom apartments, currently rented, providing a stable income stream.

To the left-hand side and rear of the property is a parking area leading to a block of garages, adding to the site's versatility. With potential for further development (STP), this property is ideally positioned in a prominent location with excellent visibility, adjacent to Norwich's outer ring road and close to local amenities, making it an attractive proposition for investors seeking both commercial and residential income.

Key Features:

- Site area: 0.353 acres (STMS)
- Commercial space: 4,058 sq. ft.
- Residential space: 984 sq. ft.
- Current annual income: £42,480
- Potential for further development (STP)
- Prime location in NR3, close to transport links and local amenities

This property offers significant potential for further enhancement, making it an ideal investment for those looking to maximise returns in a thriving area of Norwich.

VIEWING
Viewing by appointment only.