Summary - 157b, Aylsham Road NR3 2AD
2 bed 2 bath Apartment
Ready-made income with short-term refurbishment upside close to the city.
Freehold mixed‑use: shop plus two one‑bed flats, all with separate access
Aylsham Road presents a ready-made mixed‑use investment on a busy NR3 main road. The freehold property comprises a retail shop plus two self-contained one‑bed flats, each with separate access, offering immediate rental diversification between commercial and residential income.
The commercial unit fronts Aylsham Road and includes a retail area, office, utility and cloakroom. The current shop tenant has expressed a wish to remain subject to agreement, giving continuity of income potential. The two flats (lower‑ground and top floor) offer simple layouts and independent heating arrangements (gas and electric), simplifying management and re-letting.
There is clear upside from active management and modest refurbishment: the shopfront and internal areas need repair, and the property would benefit from modernising finishes and reviewing glazing and services. The location provides excellent transport links and local amenities, supporting lettability, but note the area scores high for crime and very high for deprivation which can affect yields and tenant profiles.
This freehold suits investors seeking an acquisition with immediate income and short‑term value‑add potential. Carry out a full inspection and confirm rental figures and tenancy terms before purchase to verify income projections.
2 bedroom mixed use property for sale in Aylsham Road, Norwich, NR3 — £275,000 • 2 bed • 1 bath • 495 ft²
Commercial property for sale in 8 - 12 St. Benedicts Street, Norwich, Norfolk, NR2 — £445,000 • 1 bed • 1 bath • 7337 ft²
Commercial property for sale in 290-304 Aylsham Road, Norwich, Norfolk, NR3 2RJ, NR3 — £425,000 • 1 bed • 1 bath • 5191 ft²
Mixed use property for sale in 88 - 90 Catton Grove Road, Norwich, Norfolk NR3 3AA, NR3 — £575,000 • 1 bed • 1 bath • 4536 ft²
High street retail property for sale in Catton Grove Road, Norwich, NR3 — £580,000 • 1 bed • 1 bath • 5042 ft²
1 bedroom flat for sale in Waterloo Road, Norwich, NR3 — £125,000 • 1 bed • 1 bath • 801 ft²
