Summary - 5/7, Norwich Street, Fakenham, Norfolk, NR21 9AF NR21 9AF
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Two traditional retail/office units located in Fakenham's vibrant retail center.
- 5 Norwich Street: Large three-story retail space with flexible layouts for office/storage.
- 7 Norwich Street: Compact ground floor shop with efficient layout.
- Currently generating a combined rental income of £15,300 per year.
- Freehold tenure with potential for change of use (subject to planning).
- Excellent foot traffic location surrounded by a mix of shops and amenities.
**Summary:**
Discover the potential of 5/7 Norwich Street, a prime retail property in the heart of Fakenham, Norfolk, ideal for savvy investors or businesses looking to thrive in a bustling market town. The large three-story unit at 5 Norwich Street boasts a generously sized ground floor retail area, complemented by flexible office/storage space on the upper levels, while 7 Norwich Street offers a compact yet well-appointed ground floor shop optimized for retailing.
With a combined annual income of £15,300 from both units, this property represents not just a footprint in a historic town but a solid investment opportunity. Fakenham serves as a gateway to the North Norfolk coast and offers a strong local community with vibrant markets and numerous amenities within walking distance.
While the area does experience above-average crime rates and economic deprivation, the excellent mobile signal and fast broadband speeds add substantial value, catering to modern business needs. There’s also considerable potential for change of use, allowing you to tap into new market opportunities.
This retail property is a must-see for anyone seeking a dynamic commercial investment in a town known for its growth and charm. Act swiftly—properties like this don’t stay on the market for long!
Office for sale in 18-20 Market Place, Fakenham, Norfolk, NR21 — £495,000 • 1 bed • 1 bath • 7106 ft²
Shop for sale in Norwich Street, Fakenham, Norfolk, NR21 — £10,000 • 1 bed • 1 bath • 693 ft²
Office for sale in Market Place, Fakenham, NR21 — £495,000 • 1 bed • 1 bath • 7106 ft²
13 bedroom town house for sale in Market Place, Fakenham, NR21 — £495,000 • 13 bed • 4 bath • 7106 ft²
2 bedroom flat for sale in 35 Bridge Street, Fakenham, Norfolk NR21 9AG, NR21 — £180,000 • 2 bed • 1 bath • 1311 ft²
High street retail property for sale in 17 Market Place, Fakenham, Norfolk, NR21 9BE, NR21 — £300,000 • 1 bed • 1 bath • 4633 ft²
