Summary - Catton Grove Road, Norwich NR3 3AA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Commercial Property (High Street) with redevelopment potential
- Large corner plot spanning approximately 0.353 acres
- Total area of 5,042 square feet; includes 4,058 sq. ft. of commercial space and 984 sq. ft. of residential space
- Existing rental income of £42,480 per annum
- Ample parking area and block of garages
- Prime location in NR3 with high foot traffic and visibility
**Concerns:**
- Currently a single bedroom residential space; could be less appealing for families seeking larger accommodations
- Area classified as deprived; potential buyers should be mindful of local socio-economic conditions
This extensive mixed-use property represents a golden investment opportunity in Norwich's bustling NR3 district. Conveniently located on Catton Grove Road, this site benefits from significant footfall and superior connectivity to London and public transport. The ground floor reveals a generous commercial unit, previously housing two shops, now seamlessly combined, offering flexibility to subdivide into smaller units. Above, two well-maintained two-bedroom apartments offer a consistent rental income, perfect for investors aiming for a steady cash flow.
The plot’s impressive size not only accommodates a generous parking area and a block of garages but also opens doors for future development potential (STP). Enjoy easy access to local amenities, schools, and leisure activities, ideal for both residents and business owners alike.
With a guide price of £580,000 and significant upside for those willing to engage with the area's challenges, this is more than just a property—it's a chance to shape a thriving business and residential future in a prime location that won't last long on the market. Schedule your viewing today and unlock the potential that awaits!
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