Summary - Aylsham Road, Norwich NR3 2AD
2 bed 2 bath Mixed Use
Three separate lettable units with immediate rental potential near Norwich centre.
- Freehold mixed-use with separate access for all three units
- Potential annual rental income of £22,740 (indicative)
- Ground-floor Victorian retail unit with office, utility and cloakroom
- Two one-bedroom flats: lower-ground and top-floor layouts
- Gas central heating in shop and one flat; top flat electric heating
- Exterior brickwork paint peeling; cosmetic maintenance required
- High local crime and very deprived area metrics
- Services, fixtures and fittings untested; inspection recommended
A rare mixed-use freehold on Aylsham Road offers an investor-ready portfolio of three separately accessed lettable units in NR3. The ground-floor Victorian retail unit includes a retail area, office, utility and cloakroom, while two one-bedroom flats above and below provide diverse income streams. The property benefits from gas central heating in the shop and one flat; the top flat has electric heating. A potential annual rental income of £22,740 is indicated.
The location is a practical, well-connected main road north of Norwich city centre with strong footfall, frequent buses and a wide range of local amenities close by. The building’s large overall size and separate accesses make it simple to manage multiple tenancies and retain tenants, with the existing shop tenant expressing a wish to stay subject to terms.
Buyers should note material considerations: the area records high crime and very high deprivation metrics, the plot is small and exterior brickwork paint is peeling. One flat uses electric heating, and services, fixtures and fittings have not been tested. The property will suit purchasers targeting rental yield and refurbishment potential rather than occupants seeking a turnkey residence.
For investors seeking a ready-made, multi-tenanted asset near Norwich centre, this property delivers immediate letability and scope for value improvement through targeted maintenance and tenant re-negotiation. An inspection and independent service checks are recommended before purchase.
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