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11 Unthank Rd 3,711 SF 100% Leased Office Building Norwich NR2 2PA $2,307,029 CAD ($621.67 CAD/SF) 6.78% Cap Rate
Investment Highlights
- Prominently situated on Unthank Road which is 0.8 miles from Norwich City centre
- Norwich benefits from two universities, being the University of East Anglia and the Norwich University of Art
- Unthank Road forms part of the ‘Golden Triangle’ which is a very sought after residential location popular with both national and independent shops
Executive Summary
The premises comprises a large Victorian former gentleman’s residence which has been adapted to provide a number of individual flats over 4 storeys.
The ground floor has a rear flat roof extension and is arranged to provide offices and one flat with basement storage which is accessed through the office. The first floor is configured to provide 3 flats off a central landing and the second floor provides a further 2 flats.
At the front of the property there are parking spaces for around 6 vehicles. To the rear of the property there is a small garden and brick built shed.
The premises are not listed but are understood to be in a Conservation Area.
The ground floor has a rear flat roof extension and is arranged to provide offices and one flat with basement storage which is accessed through the office. The first floor is configured to provide 3 flats off a central landing and the second floor provides a further 2 flats.
At the front of the property there are parking spaces for around 6 vehicles. To the rear of the property there is a small garden and brick built shed.
The premises are not listed but are understood to be in a Conservation Area.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Office/Residential
Building Size
3,711 SF
Building Class
B
Year Built
1800
Price
$2,307,029 CAD
Price Per SF
$621.67 CAD
Cap Rate
6.78%
NOI
$156,472 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,797 SF
Building FAR
0.61
Lot Size
0.14 AC
Parking
5 Spaces (1.39 Spaces per 1,000 SF Leased)
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11 Unthank Rd
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