Hall Road, Norwich

Gilson Bailey are delighted to offer this rare and exciting development opportunity comprising a freehold parcel of land extending to approximately 0.28 acres (0.11 hectares), benefitting from full planning permission for the construction of three two-bedroom houses. Occupying a prominent triangular-shaped site with frontage onto Hall Road, a well-established arterial route on the outskirts of Norwich, the plot is situated within a popular residential area favoured by families and professionals alike. Adding further appeal, the site currently generates an income of £2,625 per annum from three advertising billboards, which are let to a single tenant on a licence agreement terminable upon six months' notice, providing a useful revenue stream prior to development commencing. Offering significant potential in a sought-after location with planning already secured, this is an excellent opportunity for developers and investors seeking a straightforward residential scheme within easy reach of Norwich and its extensive amenities.

Planning permission reference - 24/00374/F