For Sale2 Bedroom Commercial Property in Penfold Street, Aylsham, Norwich, Norfolk, NR11£185,000
Property Type
Commercial Property
Bedrooms
× 2
Tenure
Leasehold
Price
£185,000
Key Features
- Prime location on penfold street in the heart of aylsham
- Secure tenant: a well established healthcare recruitment company
- Lease term: 5 year lease from may 2024 to may 2029.
- Annual rental income: £15,360 per annum
- Established commercial area, ensuring sustained footfall and long term demand
- Fully fitted out property, reflecting the tenant’s long term commitment
- Low management requirement, with a single, creditworthy tenant in place
- Strong investor appeal, combining prime retail location and reliable income
- Immediate income stream, with no void periods anticipated
- Potential capital appreciation due to location and tenant improvements
Description
A well-located retail unit on Penfold Street, right in the bustling town centre of Aylsham, a historic market town in North Norfolk known for its thriving local economy and strong community. The property is ideally positioned close to a variety of independent shops, cafes, and professional services, benefiting from consistent footfall and excellent visibility.
The unit is let to Kingsley Healthcare, a well-established healthcare recruitment company, on a secure 5-year lease from May 2024 to May 2029, producing an annual rental income of £15,360, with an upwards-only rent review in May 2027, offering potential income growth.
The property has been extensively fitted out to a high standard by the tenant, reflecting their long-term commitment and providing additional security for investors. With its prime location, strong tenant covenant, and immediate income stream, this property represents an attractive investment in a vibrant Norfolk town.
Additional Information:
Council Tax Band - TBC
Local Authority - Broadland District Council
We have been advised that the property is connected to mains water, drainage, electricity and gas.
Winkworth wishes to inform prospective buyers and tenants that these particulars are a guide and act as information only. All our details are given in good faith and believed to be correct at the time of printing but they don’t form part of an offer or contract. No Winkworth employee has authority to make or give any representation or warranty in relation to this property. All fixtures and fittings, whether fitted or not are deemed removable by the vendor unless stated otherwise and room sizes are measured between internal wall surfaces, including furnishings. The services, systems and appliances have not been tested, and no guarantee as to their operability or efficiency can be given.