2 Redwell St
Norwich NR2 4SN
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Grade II* Listed office on Redwell Street.
- Redwell Street is a short walk from both St Andrew's Car Park and Castle Meadow which is served by numerous bus routes.
- The property is located on Redwell Street within Norwich City Centre.
- It is also just a 10 minute walk from Norwich Train Station.
EXECUTIVE SUMMARY
Price
The freehold is available to purchase and offers are invited in excess of £375,000, subject to and with the benefit the current tenancies. This reflects a net initial yield of circa 7.25% after allowing for purchaser's costs.
The freehold is available to purchase and offers are invited in excess of £375,000, subject to and with the benefit the current tenancies. This reflects a net initial yield of circa 7.25% after allowing for purchaser's costs.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,954 SF
Building Class
B
Year Built
1920
Price
$483,142
Price Per SF
$164
Cap Rate
7.25%
NOI
$35,028
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.98
Lot Size
0.07 AC
Frontage
23’ on Redwell St
AMENITIES
- Storage Space
