Westwick Street, Norwich

This freehold investment opportunity presents two commercial buildings situated along the scenic River Wensum, along with approximately 30 parking spaces. Currently, the properties are leased to nine distinct tenants, generating an annual rental income of £120,000. Given the sale is facilitated by receivers, potential buyers should conduct thorough due diligence as warranties or guarantees are not available. The site offers significant potential for enhancement; with appropriate planning permission, you could expand the commercial space or explore conversion opportunities into residential units adjacent to a neighboring apartment complex. Located on Westwick Street in Norwich's NR2 area, this property benefits from proximity to vibrant locales such as St. Benedicts Street and Norwich Cathedral. Large commercial units with parking are scarce in this dynamic region, making this investment particularly appealing. Future prospects include increasing rental yield through new tenant agreements or renovations that align with local demand trends for more mixed-use developments. The strategic location boasts strong transport links and access to amenities and educational institutions further elevating its appeal for long-term capital growth.