Norwich

1/3 Castle Street

1/3 Castle Street, Norwich

Under Offer

Property Details

Price

£1,330,000

Rent

£120,000

Net Initial Yield

8.50%

Tenure

Freehold

Description

• Norwich is an affluent and historic cathedral city and the retailing and administrative centre for East Anglia.
• The city benefits from a significant tourism industry, which is worth an estimated £750 million every year and supports in excess of 13,000 jobs.
• The property occupies a highly prominent position on the eastern side of Castle Street – one of the city’s primary pedestrianised retail thoroughfares.
• Let entirely to the undoubted covenant of Seasalt Limited until 1st April 2030 at a rental of £120,000pa.
• The tenant, Seasalt Limited did not exercise its April 2025 break option showing its commitment to the store.
• Freehold.

Location

Contacts for this property

Graham
Graham Fawcett
07980 548852
Paddy
Patrick Kilvington
07860 625512

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