MapOffice for sale
Features and description
- Two commercial buildings on a freehold basis with direct frontage on the River Wensum, offering stability and long-term ownership advantages
- Currently let to nine tenants with total annual rent of approximately £120,000, providing immediate cash flow
- Approximately 30 dedicated parking spaces, a valuable asset in Norwich's sought-after NR2 location, facilitating tenant and customer access
- Subject to planning permission, opportunities exist to extend the current commercial space or convert existing structures into residential apartments, adding value
- Situated in a vibrant area close to St. Benedicts Street, St. Andrews, and Norwich Cathedral, attracting high footfall and business activity
- Large commercial units with parking are scarce in Norwich, making this investment highly attractive for future tenants or buyers
- Investment Opportunity: Being sold via receivers, enabling a potentially accelerated sale process with a targeted 28-day completion, ideal for investors seeking quick turnaround
- Purchasers should undertake their own investigations, including lease verification, as the sale is without warranties or guarantees from the receivers
This property is listed in partnership with Auction House - Sale by Livestream Auction on Wednesday 10th December 2025. To register for legal packs and bidding please visit the Auction House website.
A fantastic freehold opportunity to acquire these 2 commercial buildings, directly on the River Wensum and with circa 30 parking spaces. The building is currently let to 9 separate entities, with current rents totalling £120k per year.
Please note, this is by sale of receivers, therefore no warranties or guarantees are given. Any purchaser will need to do their own due diligence. All parties wishing to offer should do so in writing [use Contact Agent Button] proof of funds and I.D. will be required. Aimed 28 day completion from point of sales memorandum.
There is room, subject to planning permission, to extend the commercial space further, or as it is next door to a residential block of apartments, potential for a residential scheme on this site.
The property is located on Westwick Street, in a popular NR2 location close to the thriving St. Benedicts Street, St. Andrews and Norwich cathedral on the doorstep. Large commercial units with parking are hard to come by in Norwich, therefore this freehold investment is sure to attract plenty of interest.
Tenant 1: £1,000
Tenant 2: £1,350
Tenant 3: £750
Tenant 4: £1,100
Tenant 5: £1,200
Tenant 6: £750
Tenant 7: £850
Tenant 8: £3,000
Tenant 9: £180
DISCLAIMER
This freehold commercial property (2 buildings) is being marketed by us as sole selling agents on behalf of receivers.
We are therefore presenting the information as best as we are told, however you would of course need to satisfy this with your own lawyers.
The receivers do not give any warranties, so to compensate for this they have offered it to market at an attractive price. We have not seen sight of leases, therefore the information we are giving is what the receivers have disclosed to us. They are aiming for a 28 day completion upon sale.
We will try to gain access, however due to the tenant in some rooms also being an owner of the company whose assets are in receivership, there is a chance they may want to exit their lease and therefore the new buyers may need to find new tenants, or of course they may decide to stay, in which case £120k turnkey investment is incredible.
There is future opportunity for someone to make the commercial spaces larger, by going up, or by converting the space into apartments, as they have next door.
We are awaiting floorplans for all buildings.
Location
Westwick Street in Norwich is a strategically positioned location that offers strong appeal for investors. Situated close to the city center, it benefits from excellent connectivity, amenities, and a vibrant local economy. The area has potential for mixed-use developments, including residential, commercial, and retail opportunities, making it attractive for property investors and developers. Its proximity to Norwich's key transport links and educational institutions further enhances its desirability. For investors, Westwick Street presents opportunities in regeneration projects, rental income, and long-term capital growth, especially given Norwich's sustained economic resilience and expanding tenant demand.
Disclaimer
Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client. We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract. To comply with AML regulations, £52 is charged to each buyer which covers the cost of the digital ID check. It’s recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
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