*Guide | £200,000 (plus fees)
- Commercial Property
- Tenure: Freehold
Call the team on 01603 505 100 for more information
High yielding freehold commercial investment close to the city centre let producing £23,000 pa
This commercial property is a two storey mid terrace with a total net internal area of 196.3 sq/m (2,113 sq/ft). It has a use class of E commercial/business premises and is let on ten year lease dated 17th November 2025 to CT Locations Ltd, which trade as Club Tan, at £23,000 pa paid monthly in advance. Prince of Wales Road is one of the main vehicular and pedestrian thoroughfares between the main shopping centre and the Norwich mainline railway station. The surrounding area includes a mixture of retail, offices and night life. Nearby occupiers include Norfolk Chamber of Commerce, Handelsbanken, Hays Recruitment, Arnolds Keys and Tesco Express. This high yield makes it an attractive investment opportunity.
Tenure
Freehold
Basement (758 sq/ft)
Ground floor (775 sq/ft)
Arranged with largely open-plan accommodation with meeting room, WC and kitchen. Heated by way of wall-mounted electric heaters.
First floor (580 sq/ft)
Accessed via a separate external front door to the right-hand side of the building. Internally the first floor is carpeted, with painted walls, single glazed timber frame windows, a small kitchenette area to the rear and WC. There are a mixture of new and existing electric storage heaters.
Business rates
The property has been entered onto the Valuation Office Agency website as a shop and premises with a rateable value of £20,000.
Energy Efficiency Rating (EPC)
Current Rating E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Norwich City Council
Solicitors
Chamberlins (Great Yarmouth), Ref: Paul Ward, Tel: 01493 857621
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £960 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
