Summary - 290 AYLSHAM ROAD NORWICH NR3 2RJ
1 bed 1 bath Commercial Property
**Key Features:**
- Prime retail investment on Aylsham Road, Norwich
- Current rent at £40,000 p.a., stepping up to £45,000 p.a.
- Lease expiring on 30th November 2033 with a break option on 1st December 2028
- Spacious 5,191 sq ft ground floor retail unit with ancillary basement storage
- Dedicated parking for both retail and residential tenants
- Opportunity for future renovations or potential improvements
This expansive commercial property at 290-304 Aylsham Road presents an attractive investment opportunity within a bustling section of Norwich. With a significant ground floor retail space formerly used by a bank, the venue boasts high visibility and an impressive open-plan layout perfect for various retail operations. Currently let as a convenience store, the property generates a solid income of £40,000 per annum, with a gradual increase to £45,000, making it a reliable addition to your portfolio.
The structure features four self-contained duplex apartments above, offering added value through long leasehold arrangements. The on-site car parking enhances accessibility for both employees and customers, contributing to an inviting shopping experience. However, potential buyers should note that there are 10 years remaining on the lease, which could affect mortgage lending options.
Located just under 2 miles from Norwich City Centre, this property benefits from a mix of residential and commercial surroundings, ensuring a vibrant local economy. Walkable amenities, including supermarkets, fast food outlets, and community services, boost the appeal for both tenant residents and customers, making this a dynamic investment in a promising area. Don't miss out on this unique opportunity—properties like this seldom remain on the market for long!
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