Guide price
£500,000
Retail premises for sale88 - 90 Catton Grove Road, Norwich, Norfolk NR3
Just added
Auction
Freehold
About this property
For sale by auction on Wednesday, 30 Jul 2025 at 10:00
Venue: Livestream Auction
Mixed use premises comprising two shops (currently one), two flats tenanted on AST's and a garage/workshop site producing £42,540 pa
Offering this mixed use site situated on the north side of the city of Norwich. Located in a prominent position on the ring road this site offers great potential and an opportunity for development (stpp). Pegasus Models currently occupy both shops and have been running a successful business for many years. There is a large car park serving the shop which leads to a garage/workshop currently let to a mechanic servicing and maintaining vehicles.
Above the shop there are two, one bedroom flats currently let on ASTs. The total income of the whole site is £42,540 pa. Viewings can be arranged by prior appointment.
Shop producing £1,450 pcm
Flat 1 £700 pcm
Flat 2 £800 pcm
Garage £595 pcm
Shop
Two retail areas, cellar divided into two, kitchen, office, storage unit to rear.
Currently producing £17,400 pa, £1,450 pcm
Flat 1
Currently let producing £8,400 pa, £700 pcm
Flat 2
Currently let producing £9,600pa, £800 pcm
Garage/Workshop
Situated to the rear of the building there is a large workshop with parking area.
Currently let producing £7,140pa, £595 pcm
Outside
There is a driveway leading to a large car park which offers great potential for redevelopment, subject to planning.
Business Rates
The current rateable value according to the government website is £18,750
Council Tax Band
Flats - A
Viewings
Viewings are being held by appointment only
Please contact the Norwich Office to book your appointment
EPC Rating: E (Shop) C (Flats)
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Mixed use premises comprising two shops (currently one), two flats tenanted on AST's and a garage/workshop site producing £42,540 pa
Offering this mixed use site situated on the north side of the city of Norwich. Located in a prominent position on the ring road this site offers great potential and an opportunity for development (stpp). Pegasus Models currently occupy both shops and have been running a successful business for many years. There is a large car park serving the shop which leads to a garage/workshop currently let to a mechanic servicing and maintaining vehicles.
Above the shop there are two, one bedroom flats currently let on ASTs. The total income of the whole site is £42,540 pa. Viewings can be arranged by prior appointment.
Shop producing £1,450 pcm
Flat 1 £700 pcm
Flat 2 £800 pcm
Garage £595 pcm
Shop
Two retail areas, cellar divided into two, kitchen, office, storage unit to rear.
Currently producing £17,400 pa, £1,450 pcm
Flat 1
Currently let producing £8,400 pa, £700 pcm
Flat 2
Currently let producing £9,600pa, £800 pcm
Garage/Workshop
Situated to the rear of the building there is a large workshop with parking area.
Currently let producing £7,140pa, £595 pcm
Outside
There is a driveway leading to a large car park which offers great potential for redevelopment, subject to planning.
Business Rates
The current rateable value according to the government website is £18,750
Council Tax Band
Flats - A
Viewings
Viewings are being held by appointment only
Please contact the Norwich Office to book your appointment
EPC Rating: E (Shop) C (Flats)
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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