St Stephens Street, Norwich_Property for Sale
St Stephens Street, Norwich_Property for Sale
St Stephens Street, Norwich, NR1 3QR, UK

St Stephens Street, Norwich

Asset Description

Transport and retail hub with significant asset management opportunities.



Asking Price
Building area Net
14,821 m²
Year built
Number of units
30 units
Cap Rate


Investment Highlights

  • Norwich is an affluent cathedral city offering a retail and administrative hub that dominates the wider East Anglia catchment area.

• St Stephens street is a busy transport and retail hub with high footfall which is currently undergoing improvement works.

• Circa 54% let mixed-use office, retail and car park asset.

• Extensive asset management and development opportunities.

• Part-let to Specsavers until 2029 (7.4 years to exp) and Sainsbury’s

to 2028 (6.4 yrs to exp).

• Further occupiers include Greggs Plc, CEX Limited and

WH Smith Retail Holdings Limited.

• Offers retail units across three frontages; St Stephens Street, Surrey

Street and Queens Road.

• Benefits from high footfall due to position opposite Chantry Place

Shopping Centre and proximity to Norwich Bus Station (abutting to the

north and to the bus stops on St Stephens Street.

• Freehold tenure.

• WAULT of 4.1 years to expiry and 3.0 years to break.

• Total gross income of £1,568,165 per annum and a net income of

£1,008,927 per annum.

Contact brokers

St Stephens Street, Norwich (0 Properties)

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Last updated
4 May 2023