Summary - 6, EXCHANGE STREET NR2 1AT
1 bed 1 bath Commercial Property
### Commercial Property Highlights
- **Location**: Prime corner position in Norwich city centre, adjacent to Jarrolds Department Store and Norwich Market.
- **Investment Potential**: 7 retail units with total rental income of £65,325; current net initial yield at 8.55%.
- **Size**: Ample total space of 5,463 sq ft (507.4 sq m) across multiple floors.
- **Vacancy**: One unit currently vacant, providing opportunity for increased income through leasing.
- **Accessibility**: Excellent transport links including direct train services to London and an international airport.
- **Surrounding Amenities**: Situated in a vibrant, bustling neighborhood with a plethora of shops, restaurants, and services within walking distance.
This exceptional commercial property located at 2-4 Exchange Street offers a unique investment opportunity in the heart of bustling Norwich. Consisting of seven retail units, the property generates a strong rental income of £65,325, with the potential for improvement once the currently vacant unit is leased. Its prime corner location ensures high visibility and foot traffic, making it a lucrative prospect for investors or entrepreneurs looking to capitalize on an expanding retail scene.
The spacious layout of 5,463 sq ft across multiple floors allows for a variety of uses, from retail to potential mixed residential adaptations, catering to the diverse needs of the area. With a vibrant cosmopolitan atmosphere bolstered by the nearby universities and cultural landmarks, this property stands as a testament to the enduring appeal of Norwich. Given the current market trends, this investment won’t last long—make your move today to secure this valuable asset and explore the future potential it offers. While this property is immersed in opportunity, it does face challenges such as the vacancy; however, this offers a unique chance to enhance income potential. Don't miss out on this pivotal city-centre investment!
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