SOLD: Caffè Nero, Norwich

Address: 20 Gentleman’s Walk, Norwich, Norfolk, NR2 1NA

A prominent freehold investment let in its entirety to Caffè Nero. The property comprises an attractive and busy corner unit with external seating. It is let to Nero Holdings Ltd, trading as Caffè Nero, on a new 5‑year full repairing and insuring (FRI) lease from 1 October 2025 to 30 September 2030, at a rent of £61,000 per annum. The property is freehold and VAT‑elected, with potential for residential development on the upper floors, subject to planning consent.

Approx. Size:
Ground (Retail area) : 55.1 sqm
First (Retail area) : 51.6 sqm
Second (Office, Kitchen & Storage) : 42.9 sqm
Third (Storage & Plant) : 36.9 + sqm

Norwich, with a population of approximately 171,000, is an historic city and the principal commercial centre of East Anglia. It is located about 45 miles north of Ipswich and 65 miles east of Peterborough. The city benefits from good transport links, with road connections via the A11 and M11 to London, and a regular rail service to London Liverpool Street with a journey time of around 1 hour 50 minutes.

The property occupies a prime position on the busy, pedestrianised Gentlemans Walk, overlooking Norwich’s renowned historic market square — home to an open-air market that has operated continuously for over 900 years.

Guide Price: £850,000