Summary - 14-15, CHARLES WATLING WAY NR5 9JH
1 bed 1 bath Commercial Property
Reversionary multi-let freehold with secure yards and immediate rental potential.
Five units, each 2,500 sq ft, total 12,500 sq ft
A reversionary multi-let industrial investment in Bowthorpe Industrial Area, three miles west of Norwich city centre. Five modern portal-frame units (2,500 sq ft each) are offered freehold either individually or combined, totalling 12,500 sq ft. All units are fully let on 3-year internal repairing and insuring (IRI) tenancies and benefit from shared fenced yards, gated access and off-street parking suitable for vans and light trucks.
This is a practical asset for investors seeking a value-add or income-stabilisation play. The estate was constructed circa 1990 and the units present as modern industrial shells with variable ceiling heights and large rectangular floorplates that suit storage, light manufacturing or distribution. The multi-let structure reduces vacancy concentration, while the short-term leases create near-term reversionary upside risk and opportunity at expiry.
Buyers should note relevant location and asset considerations: the immediate area is an established industrial neighbourhood with good road access and fast broadband, but recorded crime is above average and local socio-economic indicators show an ageing industrial workforce and average area deprivation. The construction date indicates potential medium-term capital expenditure rather than immediate dilapidations, and pricing and detailed tenancy schedules are available on request.
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