Summary - 40, MAGDALEN STREET NR3 1JE
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Extensive retail and storage space: 3,298 sqft
- Prime location on Magdalen Street in Norwich
- Heavy pedestrian and vehicle traffic for increased visibility
- Development potential offering future growth opportunities
- Includes paved courtyard accessible via Golden Dog Lane
- Freehold tenure, ideal for long-term investment
- Urban cosmopolitan neighborhood with a mix of commercial and residential properties
**Concerns:**
- High crime rate in the local area
- Property condition specifics not detailed; potential maintenance considerations
**Summary:**
This expansive ground floor retail unit, located in the bustling heart of Magdalen Street, Norwich, presents a remarkable opportunity for investors and business owners. Spanning 3,298 sqft, the property boasts an impressive glazed timber frame shop front that draws attention from both foot and vehicle traffic. Its open-plan layout is complemented by substantial storage space, making it ideal for various retail endeavors or creative ventures. The property also includes a staff area, WC facilities, and a large paved courtyard—a rare find in urban settings—providing an inviting outdoor space for staff or customers.
Investing in this prime retail location not only offers visibility but potential development opportunities that cater to future market trends. Given the area's high-density pedestrian flow, this unit's commercial advantage is significant. While the local area comes with a high crime rate, its cosmopolitan character, along with fast broadband and excellent mobile signals, offer a dynamic environment for both retail and potential residential interest in the future. Whether seeking a prominent storefront or a long-term investment in an evolving neighborhood, this property brings forth a unique chance to thrive. Don't miss out on this exceptional opportunity!
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