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Thorpe St Andrew, Norwich

PROPERTY TYPE

Flat

BEDROOMS

4

BATHROOMS

3

SIZE

797 sq ft

74 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Fantastic investment opportunity
  • Three self contained shop units
  • Three residential flats
  • Ample parking
  • Rear garden area
  • Prime location in Thorpe St Andrew
  • All tenants wish to remain in situ
  • Plenty of scope for redevelopment, subject to planning

Description

A fantastic investment opportunity to acquire a substantial mixed use property comprising three individual ground floor shop units and three self contained residential flats, all of which are currently tenanted, providing an immediate income stream with all tenants wishing to remain in situ. Occupying a prominent corner plot at the junction of South Hill Road and Spinney Road, the property enjoys an excellent position in the heart of the highly sought after east Norwich suburb of Thorpe St Andrew. Benefiting from ample parking to the front and side, together with communal garden areas to the rear, the property offers both convenience and appeal for its commercial and residential occupants. In addition to its strong investment credentials, the site also presents exciting future potential. Subject to the necessary planning consents, there may be scope for further development, making this an attractive proposition for investors seeking both immediate returns and long term growth. AGENTS NOTE: The Annual Gross Income From The Three Shops & Three Flats Is Just Under £38,000 Per Annum.

Location
This property is situated to the East of the historic Cathedral City centre of Norwich and offers a perfect blend of suburban peace and city convenience. The property is in a leafy residential area of Thorpe St Andrew, known for its community feel and attractive surroundings. Just a short distance away you will find a wonderful selection of cafes, pubs, and restaurants ideal for socialising or relaxed riverside dining. Everyday amenities are well catered for with a local supermarket, doctors surgery, and schooling for all ages within easy reach. The area benefits from excellent public transport links providing quick access into Norwich city centre, while road connections via the Postwick Hub and Norwich Southern Bypass (A47) make travelling further afield simple and convenient. A superb location combining accessibility, and close to everyday necessities.




Anti Money Laundering
By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously. In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf. Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically. A non-refundable fee of £45+ VAT per person will apply for these checks, and Coadjute will handle the payment for this service. These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.



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Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Thorpe St Andrew, Norwich

Approximate location

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Affordability

Monthly repayments£2,382
Property: £ 475,000
Deposit: £ 47,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Pymm & Co, Norwich

4 Ber Street Norwich NR1 3EJ
Industry affiliations:

In 2006, the first branch of Pymm & Co was opened by local estate agent and current Managing Director, Steve Pymm. Steve had been working as an estate agent in Norfolk since 1996, holding key positions and heading a chain of offices and a franchise. Situated in the centre of Norwich opposite the local landmark John Lewis store, the opening of the Ber Street branch was the realisation of Steve's vision to use his expertise and local knowledge to form a committed and professional estate agent with a focus on providing a high level of dedicated service to their customers.

In 2007, Pymm & Co's sister company, Broadland Consultants was formed with fellow director, Simon Gilvey, to provide financial services with the same values. In 2008, Pymm & Co further expanded their range of services by establishing a Lettings division, headed by director Stuart Monument.

The service you deserve should start with an accurate valuation and be developed with honest initial and ongoing feedback. As a committed and professional estate agent, we will sell your property more quickly, efficiently and for the right value.

Pymm & Co delivers an experienced, qualified professional service, committed to guiding you through the whole process. Never feel awkward about asking questions.

Remember, we back our promise of performance with the terms of our high-value, low-risk contract.

Why Choose Us

  • City Centre Head Office opposite John Lewis
  • Over 250 years of combined local experience
  • No fixed term contracts as standard

Notes

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Disclaimer - Property reference 17898_PYMM. 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 Pymm & Co, Norwich. 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.

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