Summary - Westwick Street, Norwich NR2 4SZ
1 bed 1 bath Office
Immediate rental income and redevelopment potential near city centre.
Freehold: two commercial buildings with river frontage
Two adjacent commercial buildings on Westwick Street offer an investor immediate income and longer-term redevelopment upside. Let to nine tenants producing c. £120,000 pa, the freehold includes circa 30 dedicated off-street parking spaces and direct frontage onto the River Wensum — rare assets in NR2 that support letting demand and tenant access.
There is clear scope, subject to planning, to extend the existing commercial footprint or convert the site into residential apartments, given its proximity to neighbouring flats and strong local demand. The location benefits from high footfall near St Benedicts Street, St Andrews and Norwich Cathedral, and excellent mobile signal; however broadband speeds are reported very slow which may affect certain occupiers.
This sale is via receivers and will be offered at auction with a target 28‑day completion. No warranties or guarantees are provided, and purchasers must rely on their own investigations: lease verification, searches, surveys and planning checks are essential. Tenants may choose to vacate on change of ownership, so rental income should be independently confirmed.
Investors should weigh the attractive purchase price and parking/river frontage against notable local challenges: a high crime rate, area deprivation indicators and the absence of confirmed planning consents. For a buyer able to move quickly and manage tenant turnover or refurbish the units, this is a compelling freehold opportunity with both income and redevelopment potential.
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