Summary - 10B HIGH STREET DEREHAM NR19 1DR
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Freehold retail property with long-term rental income of £10,925 p.a.
- Gross initial yield of 7.09%, making it an attractive investment opportunity.
- Ground floor retail space let to a well-established charity shop until 2032.
- Prime town center location with high foot traffic and visibility.
- Two residential flats above have been sold off on long leaseholds.
- Surrounded by reputable occupiers including Argos, Greggs, and HSBC.
- Excellent mobile signal and fast broadband available.
**Concise Property Summary:**
Discover an excellent investment opportunity at 10 High Street, Dereham. This freehold property features a prominent retail space of 700 sq ft currently leased to The Big C Appeal Limited, providing reliable rental income with lease terms extending through 2032. Enjoy a solid gross initial yield of 7.09% as part of a thriving retail environment, surrounded by popular brands and local amenities that ensure consistent foot traffic and exposure.
While the ground-level shop continues to thrive, the two residential flats above have been sold off on long leaseholds, offering potential for future appreciation. Situated in the heart of Dereham, this Georgian-style property boasts both character and practicality. Be mindful of high local crime rates, but with convenient access to key amenities and transport links, this is a prime location for your investment portfolio. Don’t miss out on this rare opportunity to capitalize on a dynamic high street presence—properties like this are hard to come by!
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