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Open Storage Investment 3 Properties Offered at $10,690,518 CAD in Norwich
INVESTMENT HIGHLIGHTS
- Opportunity to acquire rare freehold open storage investment in a prime out-of-town retail and commercial location in Norwich
- Highly prominent sites with over 200m of roadside frontage
- The property is fully let to 5 tenants and benefits from a WAULT of 7.80 years to lease expires and 6.00 years to lease breaks
- Longwater, a prominent commercial hub west of Norwich, offers excellent connectivity via the A47 and is home to a thriving retail park
- Adjacent site sold to Aldi in 2022 for approximately £1.545m per acre
EXECUTIVE SUMMARY
The property is approximately 4.9 miles west of Norwich city centre, with direct access from the A47 southern bypass. This key arterial route connects to the A11, providing onward links to Cambridge, the M11 and London. Public transport services and ample on-site parking further enhance accessibility for both customers and employees. William Frost Way is located at the heart of Longwater, one of Norwich’s most established out-of-town retail and commercial destinations.
The property is currently in use as mainly open storage facilities, but it is well-positioned for future development supported by a strong retail environment and strategic transport links, subject to obtaining the necessary planning consent. Longwater is anchored by major national retailers including Sainsbury’s, The Range, Next, M&S Foodhall, Boots, The Food Warehouse and the newly developed Aldi adjacent to William Frost Way, all of which contribute to consistently high footfall. Longwater Retail Park attracts an estimated 3.5 to 4 million customer visits annually, making it one of the busiest retail destinations in the region (Source: Norwich.gov).
With its strong retail underpinning, high visibility and alignment with wider growth plans for the Longwater and Easton corridor, the property offers a compelling opportunity for long-term commercial or mixed-use development.
The property is currently in use as mainly open storage facilities, but it is well-positioned for future development supported by a strong retail environment and strategic transport links, subject to obtaining the necessary planning consent. Longwater is anchored by major national retailers including Sainsbury’s, The Range, Next, M&S Foodhall, Boots, The Food Warehouse and the newly developed Aldi adjacent to William Frost Way, all of which contribute to consistently high footfall. Longwater Retail Park attracts an estimated 3.5 to 4 million customer visits annually, making it one of the busiest retail destinations in the region (Source: Norwich.gov).
With its strong retail underpinning, high visibility and alignment with wider growth plans for the Longwater and Easton corridor, the property offers a compelling opportunity for long-term commercial or mixed-use development.
PROPERTY FACTS
| Price | $10,690,518 CAD | Number of Properties | 3 |
| Price / SF | $923.67 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.16% | Total Building Size | 11,574 SF |
| Sale Type | Investment | Total Land Area | 12.08 AC |
| Status | Active |
| Price | $10,690,518 CAD |
| Price / SF | $923.67 CAD / SF |
| Cap Rate | 6.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 11,574 SF |
| Total Land Area | 12.08 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Biffa
2 Ernest Gage Av, Norwich |
Industrial | 11,574 SF | 1980 | - |
|
Compound 4&5
William Frost Way, Norwich NR5 0JS |
Land | 2.39 AC | - | - |
|
Site B
Ernest Gage Av, Norwich NR5 0TL |
Land | 1.29 AC | - | - |
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