From
£160,000
Property for saleSt. Martin At Palace Plain, Norwich NR3
Just added
Auction
About this property
Attractive Grade II Listed Freehold Mixed Use Investment
Comprising a shop, rear parking area, and two self-contained flats above (one sold off)
Prominently situated adjacent to Norwich Cathedral within the city’s historic core
Income producing with potential to let the vacant flat
VAT is not applicable
Investment let at £10,000 p.a. + Vacant 1 Bedroom flat
Strapline
Auction Sale - 09/06/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Attractive freehold mixed use investment of shop with two flats above (one sold off). Potential to increase the income through letting the vacant flat. Current rents £10,000 per annum
Description
The Grade II Listed property is arranged over basement, ground and two upper floors, forming part of an attractive terrace within Norwich’s historic cathedral quarter.
10 St Martin at Palace Plain comprises a ground floor and basement commercial unit, 11 St Martin at Palace Plain comprises a one-bedroom self-contained first floor flat, which is currently vacant and offers asset management and letting potential. 12 St Martin at Palace Plain comprises a two-bedroom self-contained second floor flat, with access from first floor level, which has been sold on a long lease.
To the rear is car parking.
Location
The property occupies a prominent position on St Martin at Palace Plain, within Norwich’s historic cathedral quarter, immediately adjacent to Norwich Cathedral and forming part of an established and highly characterful city centre location.
The immediate area provides a range of retail, leisure and professional occupiers, with Tombland, Elm Hill and Magdalen Street all within a short walking distance, offering a vibrant mix of independent shops, cafés, restaurants and public houses.
Norwich city centre is within easy walking distance, providing a comprehensive range of amenities. Norwich railway station is located approximately 0.5 miles to the south-east, offering direct services to London Liverpool Street and regional destinations.
The property is well served by public transport, with numerous bus routes operating nearby and stops located within close proximity on Palace Street and Tombland.
The surrounding area benefits from proximity to the River Wensum and a number of notable heritage assets, including the Grade I listed Church of St Martin at Palace, reinforcing the strong architectural character of the locality.
Transport
Road
The property benefits from convenient access to the A147 inner ring road, providing circulation around Norwich city centre and linking to the A11 and A47, which offer routes to Cambridge, London and the wider East Anglia region.
Rail
Norwich railway station is located approximately 0.5 miles to the south-east, providing regular direct services to London Liverpool Street and a range of regional destinations.
Bus
The property is well served by local bus services, with a number of routes operating in close proximity and stops located on Palace Street and Tombland, all within a short walking distance.
Air
Norwich Airport lies approximately 3 miles to the north-west, offering domestic and limited international connections.
Tenancy
10 St Martins at Palace Plain
Let to J Gilvey on a lease for a term of 10 years from April 2024 at £10,000 per annum.
The lease provides for a tenant break option and rent review at the 5th anniversary.
11 St Martins at Palace Plain (1 bedroom flat)
Vacant
12 St Martins at Palace Plain (2 bedroom flat)
Let on a lease for a term of 125 years from September 2024 at a peppercorn ground rent
Accommodation
Ground Floor - 50.7 sq m (545 sq ft)
Basement - 22.4 sq m (241 sq ft)
First Floor Flat - 66 sq m (710 sq ft)
Second Floor Flat- sold off
Total excluding second floor flat- 139.1 sq m (1,496 sq ft)
Auction Sale - 09/06/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Attractive freehold mixed use investment of shop with two flats above (one sold off). Potential to increase the income through letting the vacant flat. Current rents £10,000 per annum
Description
The Grade II Listed property is arranged over basement, ground and two upper floors, forming part of an attractive terrace within Norwich’s historic cathedral quarter.
10 St Martin at Palace Plain comprises a ground floor and basement commercial unit, 11 St Martin at Palace Plain comprises a one-bedroom self-contained first floor flat, which is currently vacant and offers asset management and letting potential. 12 St Martin at Palace Plain comprises a two-bedroom self-contained second floor flat, with access from first floor level, which has been sold on a long lease.
To the rear is car parking.
Location
The property occupies a prominent position on St Martin at Palace Plain, within Norwich’s historic cathedral quarter, immediately adjacent to Norwich Cathedral and forming part of an established and highly characterful city centre location.
The immediate area provides a range of retail, leisure and professional occupiers, with Tombland, Elm Hill and Magdalen Street all within a short walking distance, offering a vibrant mix of independent shops, cafés, restaurants and public houses.
Norwich city centre is within easy walking distance, providing a comprehensive range of amenities. Norwich railway station is located approximately 0.5 miles to the south-east, offering direct services to London Liverpool Street and regional destinations.
The property is well served by public transport, with numerous bus routes operating nearby and stops located within close proximity on Palace Street and Tombland.
The surrounding area benefits from proximity to the River Wensum and a number of notable heritage assets, including the Grade I listed Church of St Martin at Palace, reinforcing the strong architectural character of the locality.
Transport
Road
The property benefits from convenient access to the A147 inner ring road, providing circulation around Norwich city centre and linking to the A11 and A47, which offer routes to Cambridge, London and the wider East Anglia region.
Rail
Norwich railway station is located approximately 0.5 miles to the south-east, providing regular direct services to London Liverpool Street and a range of regional destinations.
Bus
The property is well served by local bus services, with a number of routes operating in close proximity and stops located on Palace Street and Tombland, all within a short walking distance.
Air
Norwich Airport lies approximately 3 miles to the north-west, offering domestic and limited international connections.
Tenancy
10 St Martins at Palace Plain
Let to J Gilvey on a lease for a term of 10 years from April 2024 at £10,000 per annum.
The lease provides for a tenant break option and rent review at the 5th anniversary.
11 St Martins at Palace Plain (1 bedroom flat)
Vacant
12 St Martins at Palace Plain (2 bedroom flat)
Let on a lease for a term of 125 years from September 2024 at a peppercorn ground rent
Accommodation
Ground Floor - 50.7 sq m (545 sq ft)
Basement - 22.4 sq m (241 sq ft)
First Floor Flat - 66 sq m (710 sq ft)
Second Floor Flat- sold off
Total excluding second floor flat- 139.1 sq m (1,496 sq ft)
Mortgage calculator
Monthly repayment
£800 per month
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