Tue, 14 Sep 2021 | COMMERCIAL PROPERTY
The Royal Arcade shopping centre In Norwich is up for sale with a guide price of £1.25 million. The covered shopping arcade, prominently located in Norwich’s pedestrianised city centre, has been owned by Legal & General for 12 years.
The property is being brought to market by property auctioneer Acuitus on a freehold basis. The 30,000 sq ft centre contains 20 retail units across the ground floor, five of which are currently vacant. The property’s first and second floors are also vacant, having previously been home to a restaurant.
The Royal Arcade is grade II listed and is located in close proximity to Norwich Castle, Norwich Market, the city’s Castle Mall Shopping Centre and car park, as well as the main city centre bus stops. There are three entrances to the centre – on Gentleman’s Walk, Castle Street and White Lion Street – and an electrical substation on site.
The property was designed by celebrated Norfolk architect George Skipper, who also designed other prominent buildings in Norwich, such as the Jarrold department store and Surrey House.
According to Acuitus, the property offers significant asset management opportunities and could benefit from redevelopment in future for a range of uses, subject to necessary consents.
Acuitus is set to bring the property to market in a livestreamed auction on Friday, September 24.
One of the best ways to find properties below market price is to look at recent administrations.
One of the leading independent stockists of nursery equipment for all budgets. Large showroom displaying a vast range of prams, buggies, car seats, cots and furniture. Stockists of major brands including i-Candy, Britax, Cybex, Venicci and more.
LEASEHOLD
Located within Linthorpe, a popular residential suburb of Middlesbrough in North Yorkshire in the North East of England. The business is prominently situated on the main road and easily accessible via local transport links with close proximity to the...
FREEHOLD
This is a fantastic opportunity to purchase a well established, profitable, ebike retail business situated on the edge of Dartmoor, Devon. The business started in 2000 and has grown from strength to strength, they have created a very loyal customer b...
FREEHOLD
04
|
Apr
|
WPP buys data collaboration platform InfoSum | BUSINESS SALE
WPP has bought data collaboration platform InfoSum to boost ...
03
|
Apr
|
Cambrian Training Group chooses employee ownership | BUSINESS SALE
Cambrian Training Group is celebrating its 30th birthday by ...
03
|
Apr
|
Mobeus sells investment in Star Brands after boosting EBITDA by 15X | BUSINESS SALE
Equity investor Mobeus has sold its investment in Star Brand...
26
|
Oct
|
Legal & General sells personal investing business to Fidelity | BUSINESS SALE
Legal & General Group has agreed the sale of its personal in...
30
|
Apr
|
Allianz announces home insurance deal with L&G | DIVISION SALE
Allianz has revealed that they're holding "exclusive ta...
23
|
Feb
|
Skandia House for sale | COMMERCIAL PROPERTY
A landmark office building in Southampton has gone up for sa...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.