A fantastic investment opportunity to acquire a substantial mixed use property comprising three individual ground floor shop units and three self contained residential flats, all of which are currently tenanted, providing an immediate income stream with all tenants wishing to remain in situ. Occupying a prominent corner plot at the junction of South Hill Road and Spinney Road, the property enjoys an excellent position in the heart of the highly sought after east Norwich suburb of Thorpe St Andrew. Benefiting from ample parking to the front and side, together with communal garden areas to the rear, the property offers both convenience and appeal for its commercial and residential occupants. In addition to its strong investment credentials, the site also presents exciting future potential. Subject to the necessary planning consents, there may be scope for further development, making this an attractive proposition for investors seeking both immediate returns and long term growth. AGENTS NOTE: The Annual Gross Income From The Three Shops & Three Flats Is Just Under £38,000 Per Annum.
what3words /// bolt.aspect.number
Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
Council Tax
Broadland District Council, To Be Confirmed
Utilities
Electric: Mains Supply
Gas: None
Water: Mains Supply
Sewerage: Mains Supply
Broadband: Unknown
Telephone: Unknown
Other Items
Heating: Electric Heaters
Garden/Outside Space: No
Parking: Yes
Garage: No
Location
This property is situated to the East of the historic Cathedral City centre of Norwich and offers a perfect blend of suburban peace and city convenience. The property is in a leafy residential area of Thorpe St Andrew, known for its community feel and attractive surroundings. Just a short distance away you will find a wonderful selection of cafes, pubs, and restaurants ideal for socialising or relaxed riverside dining. Everyday amenities are well catered for with a local supermarket, doctors surgery, and schooling for all ages within easy reach. The area benefits from excellent public transport links providing quick access into Norwich city centre, while road connections via the Postwick Hub and Norwich Southern Bypass (A47) make travelling further afield simple and convenient. A superb location combining accessibility, and close to everyday necessities.
Anti Money Laundering
By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously. In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf. Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically. A non-refundable fee of £45+ VAT per person will apply for these checks, and Coadjute will handle the payment for this service. These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.
