Summary - 14, ST BENEDICTS STREET NR2 4AG
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime city centre location in Norwich with high footfall
- Strong net initial yield of 10.44%
- Mixed-use building with basement and three floors (7,337 sq ft total)
- Ground floor with two retail units yielding £48,500 annually
- Four residential flats on long leasehold basis
- Excellent connectivity with nearby transport links to London and the Midlands
- Affluent tourist destination with significant rental potential
**Concerns:**
- Surrounding area has a high crime rate and is classified as deprived
- Limited plot size may restrict future developments or extensions
**Summary Description:**
This exceptional mixed-use commercial property located in the heart of Norwich city centre offers a lucrative investment opportunity. Comprising a three-storey building, it features two retail units on the ground floor generating a combined annual income of £48,500, alongside four residential flats under long leasehold agreements. With a net initial yield of 10.44%, this property stands out for investors looking to capitalize on the area’s vibrant student population and tourist influx.
The building is set within a historic locale known for its unique shopping and dining options, alongside excellent transport links and access to local amenities. While the area has a higher crime rate and is classified as deprived, the potential for growth and profitability remains strong given Norwich’s desirability and ongoing development prospects. This is a rare opportunity to tap into a flourishing market—don’t miss out on securing this unique property asset that can provide both immediate income and long-term value.
Commercial property for sale in 2-4 Exchange Street, Norwich, Norfolk, NR2 — £725,000 • 1 bed • 1 bath • 5463 ft²
Commercial property for sale in Norwich, NR1 — £499,000 • 1 bed • 1 bath • 1584 ft²
8 bedroom apartment for sale in Prince Of Wales Road, Norwich, NR1 — £800,000 • 8 bed • 5 bath • 2335 ft²
High street retail property for sale in 40 Magdalen Street, Norwich, Norfolk, NR3 1JE, NR3 — £360,000 • 1 bed • 1 bath • 3298 ft²
Commercial property for sale in 3/3A Brigg Street, Norwich, Norfolk, NR2 — £1,150,000 • 1 bed • 1 bath • 7024 ft²
High street retail property for sale in 48-72 St. Stephens Street, Norwich, Norfolk, NR1 — £2,000,000 • 1 bed • 1 bath
