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Namco Funscape 10 Bowthorpe Employment Area 34,314 SF Retail Building Norwich NR5 9JB $3,366,550 ($98.11/SF) 10.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Great road connections
- In the largest of the major East Anglican centres
- Adjacent to the Bowthorpe Employment Area.
EXECUTIVE SUMMARY
Freehold site of 3.441 acres (28% site cover)
Excellent redevelopment potential for alternative uses including supermarket, nursery, gymnasium or industrial
Let to the excellent covenant of Bandai Namco Amusement Europe Ltd (D&B 4A1. The property is let on a lease expiring 24th June 2027 providing approximately 1.5 years unexpired. Passing rent of £269,172 pa reflecting £6.26 psf
Excellent redevelopment potential for alternative uses including supermarket, nursery, gymnasium or industrial
Let to the excellent covenant of Bandai Namco Amusement Europe Ltd (D&B 4A1. The property is let on a lease expiring 24th June 2027 providing approximately 1.5 years unexpired. Passing rent of £269,172 pa reflecting £6.26 psf
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bowling Alley
Building Size
34,314 SF
Building Class
B
Year Built
1992
Price
$3,366,550
Price Per SF
$98.11
Cap Rate
10.12%
NOI
$340,695
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
3.44 AC
Parking
90 Spaces (2.62 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
1 of 4
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Namco Funscape | 10 Bowthorpe Employment Area
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