Summary - House of Handsome,17 Gloucester Street,NORWICH,NR2 2DX NR2 2DX
1 bed 1 bath Commercial Property
Freehold mixed‑use lot in NR2 — immediate income and 9.2% yield for cash buyers at auction.
Yield 9.2% with combined income £27,600pa
Freehold mixed‑use lot: shop, 2‑bed house, flat
BUY IT NOW £300,000 — sold under auction conditions
CASH BUYERS ONLY; standard auction completion terms apply
Overall c.452 sq ft; small plot and compact internal space
Leases available to view; tenancy details essential pre‑purchase
Condition unverified — services/fixtures not tested; inspection needed
Limited expansion potential; refurbishment responsibility of buyer
A rare mixed‑use freehold in NR2 offering immediate rental income and a strong headline yield for cash buyers. The lot includes a ground‑floor shop (currently a barbershop), a two‑bedroom house and a self‑contained flat, producing a combined income of £27,600 per year and advertised at a BUY IT NOW price of £300,000 under auction conditions. The property sits in a popular student and professional neighbourhood close to local amenities and schools.
This Victorian corner building is characterful and compact (c.452 sq ft overall), suited to investors seeking a hands‑on, small‑scale portfolio add‑on. The mix of commercial and residential lets means diversification of income streams, and the freehold tenure simplifies long‑term control. Leases are available to view for buyers who require tenancy details before purchase.
Important cautions: the sale is by auction with CASH BUYERS ONLY and will complete under auction conditions. No services or fixtures have been tested and condition has not been independently verified — an inspection is strongly recommended. The plot and internal space are small, so scope for expansion is limited; any refurbishment or repairs will be the buyer’s responsibility. Prospective purchasers should factor in vacant possession risks, tenancy terms and standard auction purchase timelines.
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