Norwich House, a mixed-use building in the heart of Leicester city centre, is up for sale with a price tag of £1.9m.
Spread over five floors, Norwich House extends to 18,694 sq ft, and is configured to provide three retail units over ground and first floor levels with office suites above, together with a secure basement car park.
Currently let to a range of occupiers, including Max Spielman, Optical Express, Hidden Hearing and GHC Capital Markets, with 4,157 sq ft of vacant accommodation across three office suites, the asset generates an annual rental income of £136,001 per annum, rising to £154,501 per annum in April 2022.
Joe Reilly, Associate Director of Innes England, who is marketing the property on our behalf, commented:
“This is an extremely rare city centre investment opportunity that presents the potential buyer with a combination of high-quality rental income and the ability to further drive rents and value in the short-term by letting the vacant space. As a result, we expect interest to be extremely high.”
Norwich House occupies a prime location fronting Horsefair Street, Bowling Green Street and Market Street – one of the main routes into the city centre from the professional office district with nearby retailers including McDonald’s, Royal Bank of Scotland and Caffe Nero.