FOR SALE BY ONLINE AUCTION ON TUESDAY 3 MARCH 2026
Description
Two prominent commercial city premises with 30 parking spaces and direct frontage over River Wensum, currently partially let to separate tenants producing over £100,000 pa.
Prominently positioned on Westwick Street, just a short walk from Norwich city centre, this substantial property offers an exceptional opportunity for investors or developers.
Occupying a plot measuring 0.43 acres (stms) the premises comprise two adjoining buildings and contain 15 commercial units spread over two floors with parking spaces for 30 vehicles. To the left is a two storey premises divided into 14 separate office spaces, with kitchen, two WCs, shower room and lift and measures approximately 638 sq/m (6867 sq/ft) and is partially let. Opposite is the single storey building measuring approximately 251 sqm (2701 sq/ft) and is leased in its entirety to a long-standing tenant.
We have been informed that the current rental agreements indicate that the tenanted units produce a combined income of £104,700
The property offers excellent potential for refurbishment, redevelopment, or alternative uses including residential, subject to the necessary consents.
Property offered for sale on instruction from receivers.
RentsUnits 1, 4, 5, 6 & 11 VACANT
Unit 2 - £725 pcm
Unit 3 -£1,000 pcm
Unit 7 - Communal space
Units 8, 9, 10, 14 - £1,600 pcm
Unit 12 -£1,100 pcm
Unit 13 -£1,200 pcm
Right hand building: - £3,000 pcm
2 Parking Spaces - £100 pcm
TOTAL £8,725 pcm (£104,700)
Note Leases not inspected by receivers or auctioneers. Due diligence to be applied by interested parties.
Viewings Offered by appointment only.
Please contact the Norwich Office 01603 505100 to arrange
Tenure: Freehold
EPC Rating: C & D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
£1260 inc VAT payable on exchange of contracts.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- Unconditional (Immediate Exchange)
Call the team on 01603 505 100 for more information
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