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1A Haymarket 5,772 SF 100% Leased Retail Building Norwich NR2 1QD $2,702,703 ($468.24/SF) 7% Cap Rate
Investment Highlights
- Prominent city centre location on Haymarket
- Sits alongside a strong lineup of national retailers
- One of Norwich's principal retail pitches
Executive Summary
Let in its entirety to Optical Express Limited at a passing rent of £150,000 per annum
Lease expiring 31 December 2028 (approximately 2.5 years unexpired)
Lease expiring 31 December 2028 (approximately 2.5 years unexpired)
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
5,772 SF
Building Class
B
Year Built
1987
Price
$2,702,703
Price Per SF
$468.24
Cap Rate
7%
NOI
$189,189
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.13
Lot Size
1.00 AC
Frontage
31’ on Haymarket
Amenities
- Security System
- Signage
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The premises comprise a prominent corner Class E unit arranged over the basement, ground, first and second floors. The basement, ground and first floors are all suitable for customer sales accommodation. There is a courtyard at the rear of the property, accessed via the basement.
| Space | Size | Space Use | Position | Available |
| 1a | 5,208 SF | Retail | - | 30 Days |
1a
| Size |
| 5,208 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1a
| Size | 5,208 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
The premises comprise a prominent corner Class E unit arranged over the basement, ground, first and second floors. The basement, ground and first floors are all suitable for customer sales accommodation. There is a courtyard at the rear of the property, accessed via the basement.
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Nearby Major Retailers
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1A Haymarket
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