Waterstones Norwich

Norwich: 11/17 Castle Street & 8/10 Castle Meadow

October 2022
Waterstones Norwich
  • Let to Waterstones Booksellers Limited until 2030
  • Passing Rent: £350,000 per annum
  • Price: £4,100,000
  • Net Initial Yield: 8.00%

Acting on behalf of Nuveen Real Estate, Fawcett Mead are delighted to have sold this prime retail investment, in the heart of one of the UKs most affluent cities.

The property is let entirely to Waterstones Booksellers Limited until March 2030, at a rental of £350,000 per annum, subject to a fixed rental uplift in 2024.

Jonathan Mills commented "We were pleased to sell this attractive high street asset to a private investor who we knew had a particular affinity to Norwich and who performed extremely well."

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