Commercial property
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Freehold Leisure | Office Investment - 19 Upper King Street, Norwich

Investment for sale
£2,420,000 / NIY 7.71%
Summary
  • Prominently located leisure / office investment within central Norwich's business and leisure district
  • The property comprises 1,294.92 sq m (13,939 sq ft) on basement, ground and three upper floors
  • Provides leisure use and a surveyors office on ground and basement with 2016 refurbished offices above
  • Total income of £198,500 per annum
  • 40% of income from Marstons Plc (D&B rating 5A1) until 2034
  • AWULT of 6.38 years (6.03 years to breaks)
  • Offers in excess of £2,420,000 for the freehold interest, subject to contract and exclusive of VAT. This reflects a net initial yield of 7.71%, based on purchaser's costs of 6.36%.
Done
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