A rare opportunity exists to acquire a little bit of Norwich’s historic city centre through the Norwich office of Brown&Co, with the added bonus that it is fully let and income producing.
The courtyard complex of 7 residential, town houses and 9 commercial units known as Swan Yard, is situated on King Street, a truly mixed use area of the city centre.
The partly listed complex has evolved over the last 25 years and comprises a group of largely historic buildings, providing two offices and a house on the street frontage, with further offices and studios above, and with the rear buildings comprising a mixture of office, studios and town houses set around two attractive courtyards.
The facility produces a total income of £83,820 per annum split roughly 50/50 between the commercial and residential parts. Offers are invited in the region of £1.2 million for the freehold interest subject to the leases.
The commercial element has a creative feel to it with occupiers including an advertising and marketing agency, professional artist studio and separate pottery studio, a photographic print firm amongst others.
“This really is an interesting and unique opportunity with a solid income stream and asset management potential to improve upon the same. Not surprisingly a high volume of interest has been received already”. Commented Norwich Agency Partner, Nick Dunn.