Office for sale
Property description & features
LOCATION
Hethersett, strategically positioned in the heart of Norfolk, seamlessly blends historic charm with modern convenience. The village offers businesses a unique opportunity to thrive in a close-knit but expanding community, with ongoing residential and commercial development. Conveniently located just a short drive from Norwich, Hethersett provides easy access to major transportation routes, including the A47 and the A11. Norwich and Wymondham train stations are also within a short drive. The area is home to the Ofsted Outstanding rated Hethersett Academy School, along with three other primary school options rated Good and Outstanding by Ofsted. Additionally, Hethersett is in proximity to the NNUH, John Innes Centre, Norwich Research Park, and Norfolk Constabulary Police HQ. The location ensures a steady flow of tenants and customers, enhancing the long-term viability of your investment.
DESCRIPTION
Key Features:
• Investment portfolio of retail, office & residential units.
• Approximately 6500 sqft of commercial and residential accommodation.
• 3 traditional built, detached buildings positioned around the carpark in the centre of a busy village.
• Approx income of £118,320 with potential to increase with rent reviews/renewals.
• 7 Commercial premises currently let as 6 and 4 residential premises.
• Long standing tenants comprise of local estate agents, hairdressers, crafts shop, take away with a retail unit and office space available to let know.
• Businesses are unaffected.
• High street location central to Hethersett with 16 parking spaces included, opposite a Tesco Express.
• Hethersett is projected to expand by around 1000 new homes and is approximately 6 miles from the centre of Norwich.
• Seller willing to consider alternative disposal strategies.
Diversified Income Stream: Enjoy the perks of a dynamic investment with a blend of commercial and residential properties. The current revenue stream of £118,320 per year is just the beginning, with ample room for growth through strategic rent reviews and renewals.
The Portfolio: The portfolio comprises 7 commercial premises, 2 of which are currently occupied by the same business, and 4 residential premises. The site offers 16 parking spaces and spans over approximately 0.34 acres.
Exceptional Value: Priced at an £1,600,000, this investment promises an attractive return on investment. Currently operating at a yield of almost 7.4% it already offers a strong return but has potential for an even greater return with future growth.
Flexible Purchase Options: The site is available in separate lots or as a single purchase, providing you with the flexibility to shape your portfolio according to your financial goals.
VIEWING
Viewing by appointment only.
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Property reference 100361025296. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Hammond & Stratford - Eaton.
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Broadband availability and predicted speed
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Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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