Summary - 48-72 St. Stephens Street, Norwich, Norfolk, NR1 NR1 3SH
1 bed 1 bath Retail Property (high street)
Extensive freehold with redevelopment upside beside Norwich’s main transport hub.
Major gateway city‑centre location opposite bus station and Chantry Place
A substantial high‑street freehold occupying a major gateway into Norwich city centre, directly opposite the bus station and adjacent to Chantry Place. The combined site extends to 112,618 sq ft across multiple floors, with large ground‑floor retail frontages, significant basement space and 18 off‑street parking bays — clear scale for a single occupier or phased redevelopment.
The property benefits from prime footfall generators nearby (Marks & Spencer, WHSmith, major food and leisure operators) and excellent transport links to the region and London. Strong civic and student catchments and a tourism-rich county underpin long‑term demand for retail, leisure or mixed‑use conversion.
There are important constraints: 48/54 St Stephens Street is locally listed, listed status is noted as “will cause difficulties”, and tenure is unspecified. The area records very high crime and very high deprivation, which affect leasing risk and certain end‑uses. Interested parties should allow for higher security, management and tenant‑mix costs.
Practical positives include large floorplates, clear redevelopment potential (parts, including unused upper floors, were not utilised by previous occupiers) and a sizable plot. Rateable values are available for both main blocks (c. £210k each). Detailed condition, title and planning advice are essential before committing.
High street retail property for sale in 15-17 Haymarket & 2 Rampant Horse Street , Norwich, Norfolk, NR2 — £4,500,000 • 1 bed • 1 bath • 26194 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 8 - 12 St. Benedicts Street, Norwich, Norfolk, NR2 — £445,000 • 1 bed • 1 bath • 7337 ft²
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 3/3A Brigg Street, Norwich, Norfolk, NR2 — £1,150,000 • 1 bed • 1 bath • 7024 ft²
High street retail property for sale in 54 Prince Of Wales Road, Norwich, Norfolk, NR1 — £750,000 • 7 bed • 1 bath • 2135 ft²
