Property photos
Just added
Freehold
Offers over
£150,000
(£147.78/sq. ft)
Property for sale
Market Place, North Walsham NR281,015 sq. ft
Local area information
Property location
Nearby amenities
- St Nicholas House School 0.3 miles
- North Walsham 0.3 miles
- North Walsham Infant School and Nursery 0.4 miles
- Worstead 3.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for North Walsham to find out more about the local area.
Features and description
- Freehold
- Freehold investment in a prime town centre location in North Walsham.
- 11.54% yield at a sale price of £160,000
- Commercial unit generating £18,000 rental income, let to long-term tenant of 30 years.
- 4 sold-off residential units generating £460pa in ground rent and management fees.
- Situated in the heart of North Walsham, close to a range of local amenities and transport links.
- Ideal for refurbishment and occupancy, or a longer term investment.
- Current lease is rolling over, however current tenant willing to sign a new lease agreement.
- Available to view immediately.
Fantastic commercial investment opportunity in the heart of North Walsham town centre, including a ground floor commercial unit generating £18,000 in rental income.
Waterloo House, 16 Market Place, North Walsham
Paul Hubbard Commercial are pleased to offer this rare opportunity to acquire a freehold investment in a prominent and highly visible position in the heart of North Walsham town centre.
Waterloo House comprises a spacious ground floor commercial unit with striking dual-aspect, floor-to-ceiling windows, offering exceptional visibility and an ideal space for showcasing products. Located directly on the busy Market Place, the property benefits from high footfall and passing traffic, making it a sought-after location for occupiers.
The commercial unit, which is approximately 1015sq ft, is currently let to a long-established tenant who has been in occupation for approximately 30 years.
The lease is presently rolling over, but the tenant has expressed willingness to enter into a new lease on similar terms, offering flexibility and security for the incoming owner. The unit currently generates a rental income of £18,000 per annum.
While the premises would benefit from some refurbishment, it presents a valuable opportunity to modernise and potentially enhance rental value.
The upper floors of the property have been converted into four residential flats, all of which have been sold on long leaseholds. As the freeholder, the purchaser will benefit from ground rent of £240pa, and annual management fees of £200pa, providing additional passive income and increasing the overall yield to 11.54% at a sale price of £160,000.
This is an ideal opportunity for investors seeking a secure and established commercial income stream, with scope to add value and further develop lease terms to suit long-term investment goals.
Waterloo House, 16 Market Place, North Walsham
Paul Hubbard Commercial are pleased to offer this rare opportunity to acquire a freehold investment in a prominent and highly visible position in the heart of North Walsham town centre.
Waterloo House comprises a spacious ground floor commercial unit with striking dual-aspect, floor-to-ceiling windows, offering exceptional visibility and an ideal space for showcasing products. Located directly on the busy Market Place, the property benefits from high footfall and passing traffic, making it a sought-after location for occupiers.
The commercial unit, which is approximately 1015sq ft, is currently let to a long-established tenant who has been in occupation for approximately 30 years.
The lease is presently rolling over, but the tenant has expressed willingness to enter into a new lease on similar terms, offering flexibility and security for the incoming owner. The unit currently generates a rental income of £18,000 per annum.
While the premises would benefit from some refurbishment, it presents a valuable opportunity to modernise and potentially enhance rental value.
The upper floors of the property have been converted into four residential flats, all of which have been sold on long leaseholds. As the freeholder, the purchaser will benefit from ground rent of £240pa, and annual management fees of £200pa, providing additional passive income and increasing the overall yield to 11.54% at a sale price of £160,000.
This is an ideal opportunity for investors seeking a secure and established commercial income stream, with scope to add value and further develop lease terms to suit long-term investment goals.
Floor plans and tours
Floor plans (1)
More information
Listed by
Paul Hubbard Commercial Ltd
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