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15 Magdalen St 1,588 SF Retail Building Norwich NR3 1LE $268,438 ($169.04/SF)
Investment Highlights
- Heavy daytime foot traffic
- Lots of natural light
Executive Summary
The property comprises a three-storey mid-terrace building currently occupied by Dhaba 15, an established Indian restaurant in occupation since 2013. The ground floor provides a restaurant and commercial kitchen, with additional seating and residential accommodation to the upper storeys. To the rear of the building are some attached stores fronting onto Thoroughfare Yard.
The property is located on Magdalen Street, a short distance from Norwich city centre and the Anglia Square redevelopment scheme. The area is known for its wide array of independent retailers and leisure operators. Restaurant premises currently let producing £15,000 pa
The property is located on Magdalen Street, a short distance from Norwich city centre and the Anglia Square redevelopment scheme. The area is known for its wide array of independent retailers and leisure operators. Restaurant premises currently let producing £15,000 pa
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
1,588 SF
Building Class
B
Year Built
1920
Price
$268,438
Price Per SF
$169.04
Tenancy
Single
Building Height
3 Stories
Parking
1 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
17’ on Magdalen St
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
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Nearby Major Retailers
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15 Magdalen St
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