Rochester Court, Edgeworth Road, Norwich, Norfolk, NR5 8AU
£283.19 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
12,359 sq ft
1,148 sq m
- SECTOR
Commercial property for sale
Key features
- Fully Let Student Accommodation Investment
- Freehold
- Close to city centre
- Comprising 11 properties let for 51 weeks of the year
- 12,359 sq ft GIA
- Gross income 2022/2023: £270,060
- Offers in the region of £3,500,000 reflecting a net initial yield of 6.06%
Description
Rochester Court, Edgeworth Road consists of 11 properties, let for 51 weeks of the year. The properties benefit from private off-street parking with security lighting, and fully maintained landscaped gardens.
Gross internal area of 12,359 sq ft (1,148.14 m2).
Gross Income for 2022/23 will be: £270,060
Projected income for 2023/2024: £286,800
Offers in the region of £3,500,000 for the freehold interest based on the current projected annual income profile. This would provide a net initial yield of 6.06%, after allowing for the usual purchaser's costs and reflects a capital value of £283 per sq ft of 12,359 GIA.
This property and Harvard Court are held in an SPV. Purchase of the company can be arranged.
Brochures
Rochester Court, Edgeworth Road, Norwich, Norfolk, NR5 8AU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norwich Station2.8 miles
- Wymondham Station6.9 miles
About Arnolds Keys, Norwich - Commercial
25 King Street, Norwich, NR1 1PD
COMMERCIAL PROPERTY SALES
Arnolds Keys offers a complete commercial property sales service using our own in-house team of Chartered Surveyors.
From initial market appraisal, through handling enquiries, viewings and the entire negotiation process, to contracting, instructing solicitors, referencing buyers and checking funding is in place, we can make the whole process simple and efficient.
Drawing on our extensive experience, we can ensure that we achieve maximum value for ve
Notes
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