Prominent Freehold City Centre Ground Rent Investment
Comprises a Substantial Retail Building
Approximately 1,023.50 sq m (11,017 sq ft)
Approximate Site Area of 0.07 ha (0.18 acre)
Long term residential development potential (subject to consents)
Valuable Reversion in 33 years
Situated in a prominent position on Ber Street, close to Norwich City Centre and John Lewis
Lot 15
Auction 11th December 2025
Rent £200 per Annum Exclusive
Status Available
Guide* £75,000
Sector Ground Rent
Auction Venue Live Streamed Auction
Property Information
Location
Miles
45 miles north of Ipswich, 61 miles northeast of Cambridge
Roads
A11, A47, A140, A146
Rail
Norwich Railway Station
Air
Norwich Airport
Situation
Norwich is a highly attractive and historic Cathedral City in the county town of Norfolk, with a population of 143,900 (ONS). With Norwich Castle and Norwich Cathedral attracting an additional Tourist Population. The City of Norwich also benefits from some 17,500 University of East Anglia Students.
The property occupies a prominent position on the east side of Ber Street directly opposite John Lewis department store, close to its junction with All Saints Green, Westlegate and Golden Ball Street. Nearby occupiers include John Lewis Department Store, Whistles, VUE cinema, Starbucks and Claires.
Tenure
Freehold.
Location
Miles
45 miles north of Ipswich, 61 miles northeast of Cambridge
Roads
A11, A47, A140, A146
Rail
Norwich Railway Station
Air
Norwich Airport
Situation
Norwich is a highly attractive and historic Cathedral City in the county town of Norfolk, with a population of 143,900 (ONS). With Norwich Castle and Norwich Cathedral attracting an additional Tourist Population. The City of Norwich also benefits from some 17,500 University of East Anglia Students.
The property occupies a prominent position on the east side of Ber Street directly opposite John Lewis department store, close to its junction with All Saints Green, Westlegate and Golden Ball Street. Nearby occupiers include John Lewis Department Store, Whistles, VUE cinema, Starbucks and Claires.
Tenure
Freehold.
Description
The property comprises a broadly rectangular and level site of approximately 874.59 sq yards (0.07 ha / 0.18 acre) upon which is a substantial building with Retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from a frontage of some 16m (52 ft) and may benefit from longer term residential redevelopment potential, subject to consents.
VAT
VAT is not applicable to this lot.
Note
The Special Conditions of Sale provide to the Buyer to pay sums in addition to the purchase price. Please see legal pack.
EPC
The EPC will be available to view online in the solicitor's legal pack.
Description
The property comprises a broadly rectangular and level site of approximately 874.59 sq yards (0.07 ha / 0.18 acre) upon which is a substantial building with Retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from a frontage of some 16m (52 ft) and may benefit from longer term residential redevelopment potential, subject to consents.
VAT
VAT is not applicable to this lot.
Note
The Special Conditions of Sale provide to the Buyer to pay sums in addition to the purchase price. Please see legal pack.
EPC
The EPC will be available to view online in the solicitor's legal pack.
99 years from 23/07/1959 until 22/07/2058. 33 years unexpired.
£200
22/07/2058 33 years unexpired.
Total approximate floor area
1,023.50
(11,017) (1)
£200
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
