Out-of-town retail property for sale
43 Middleton Crescent, Norwich, Norfolk, NR5 0PX
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Out-of-town retail property for sale
Key features
- Freehold
- Retail Investment
Description
For Sale by Public Online Auction on 25/03/2026 13:00
Location
The property is located on Middleton Crescent in Costessey, a residential suburb positioned to the west of Norwich with access to major local and regional transport routes. Costessey connects directly to the A47, the primary eastwest route skirting the southern side of Norwich, providing links toward King's Lynn to the west and onward connectivity to the A11 and A140 for routes south toward Thetford, Cambridge, and Ipswich.
Middleton Crescent benefits from good access to Norwich's wider road network, enabling straightforward travel into Norwich city centre, which lies a short distance to the east. The area forms part of an established suburban corridor close to key destinations such as the University of East Anglia and the Norfolk and Norwich University Hospital, both of which are easily reached via local distributor roads feeding from the A47.
Local public transport links are available, offering routes into Norwich and surrounding districts, while regional rail services are accessible from Norwich Station, located approximately 4.2 miles from Costessey.
Description
The property comprises a groundfloor retail unit within a twostorey building, currently operating as a hairdressing and beauty salon. The ground floor extends to approximately 66.20 sq m (714 sq ft) NIA.
The residential accommodation is situated on the upper floors, which have been sold off on long leasehold interests.
Tenure
The property is held freehold under Title Number NK306536. The upper floors have been sold off on a long leasehold basis.
Tenancy
The property is let on a six year lease from 14 December 2023 at £10,800 per annum to with rent payable monthly and a review at year three, and no break options.
The Leaseholder is contracted to pay a Ground Rent of £600 per annum to the Freeholder.
Therefore, the total income received by the freeholder is £11,400 per annum.
Planning Authority
South Norfolk Council -
C:54
Refer to the legal documentation
Note
The Auctioneer has not inspected internally and the information has been provided by the Vendor.
For further information please go to
Brochures
43 Middleton Crescent, Norwich, Norfolk, NR5 0PX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norwich Station4.2 miles
Notes
Disclaimer - Property reference 329554. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lambert Smith Hampton, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lambert Smith Hampton, Auctions on 020 3834 8766.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.