Highly Reversionary City Centre Ground Rent Investment
Comprises of an attractive Commercial unit and 2 bed flat
Approx. 200.66 sq m (2,160 sq ft)
Valuable reversion in approximately 25 years
Situated in the heart of Norwich City Centre close to Norwich Market and London Street
City Centre Retail occupiers include The White Company, Whistles, The Ivy, Space NK and Hotel Chocolat
Lot 20
Auction 11th December 2025
Status Sold
Price £78,000
Sector Ground Rent
Auction Venue Live Streamed Auction
On Behalf of Norwich City Council
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 west side of Exchange Street close to its junction with St Andrews Car Park. The property benefits from being approximately 150m north of Norwich Market Place and Gentleman's Walk. Nearby occupiers include The White Company, Whistles, Space NK, The Ivy and Hotel Chocolat.
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 west side of Exchange Street close to its junction with St Andrews Car Park. The property benefits from being approximately 150m north of Norwich Market Place and Gentleman's Walk. Nearby occupiers include The White Company, Whistles, Space NK, The Ivy and Hotel Chocolat.
Tenure
Freehold.
Description
The property is an attractive period building comprising of a retail accommodation on the ground floor with ancillary accommodation in the basement and first floor, and a self contained flat on the second floor.
The property benefits from being located on the busy pedestrian route leading from St Andrews Car Park, one of Norwich's major city centre car parks which provides 1,084 parking spaces, to Norwich Market.
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
Commercial Unit - Band D.
Maisonette - See Legal Pack.
Description
The property is an attractive period building comprising of a retail accommodation on the ground floor with ancillary accommodation in the basement and first floor, and a self contained flat on the second floor.
The property benefits from being located on the busy pedestrian route leading from St Andrews Car Park, one of Norwich's major city centre car parks which provides 1,084 parking spaces, to Norwich Market.
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
Commercial Unit - Band D.
Maisonette - See Legal Pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Basement Ground First Second
Ancillary Retail Ancillary Residential - 2 Bed flat
44.12 46.52 46.02 64.00
(475) (501) (495) (689)
CHUBB & CHUBB (2)
500 years from 29/09/1550 until 2050. Approx. 25 years unexpired.
Peppercorn
28/09/2050 Approx. 25 years unexpired.
Total approximate floor area
200.66
(2,160)(1)
Peppercorn(2)
(1) The commercial 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.
-flat-rear-of-36-Exchange-St-31.10.2005-from-Sch-of-Cond-by-Arnolds-RZD-128x72.jpg)
-flat-rear-of-36-Exchange-St-31.10.2005-from-Sch-of-Cond-by-Arnolds-RZD.jpg){kind=link}
