FMX
Norwich

Norwich – 1/3 Castle Street

1/3 castle Street Norwich

For Sale

Property Details

Price

£1,260,000

Rent

£120,000

Net Initial Yield

9%

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.
• The property is let entirely to the undoubted covenant of Seasalt Limited at a rental of £120,000pa.
• Freehold.

We are instructed to seek offers in excess of £1,260,000 (One Million Two Hundred and Sixty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 9% assuming standard purchaser costs.

Location

Contacts for this property

Graham
Graham Fawcett
07980 548852
020 3130 4650
Paddy
Patrick Kilvington
07860 625512
020 3130 4650

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