Auction House UK · 21 Oct 2026 · in 2 days
High yielding freehold commercial investment close to the city centre let producing £23,000 pa
14 Prince of Wales Road, Norwich, Norfolk NR1 1LB · East of England
LiveIndustrialFreeholdLet
- Guide
- £200,000
- Rent a year
- £23,000
- Yield on the guide
- 11.5%
- Payback
- 8.7 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- E
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
E from the government EPC register, lodged 18 Oct 2019 (certificate 9900-9984-0331-7350-9094). Rated E: lettable today, the lowest band that is. Proposals to raise the minimum for commercial lets have been consulted on, so check what upgrades would cost.
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Auction House UK's record
Auction House UK's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold industrial lot in Norwich. Producing £23,000 a year, a 11.5% gross yield at the guide.
Lot 12, Commercial Property. High yielding freehold commercial investment close to the city centre let producing £23,000 pa: This commercial property is a two storey mid terrace with a total net internal area of 196.3 sq/m (2,113 sq/ft). It has a use class of E commercial/business premises and is let on ten year lease dated 17th November 2025 to CT Locations Ltd, which trade as Club Tan, at £23,000 pa paid monthly in advance. Prince of Wales Road is one of the main vehicular and pedestrian thoroughfares between the main shopping centre and the Norwich mainline railway station. The surrounding area includes a mixture of retail, offices and night life. Nearby occupiers include Norfolk Chamber of Commerce, Handelsbanken, Hays Recruitment, Arnolds Keys and Tesco Express. This high yield makes it an attractive investment opportunity. Tenure: Freehold. Basement (758 sq/ft). Ground floor (775 sq/ft): Arranged with largely open-plan accommodation with meeting room, WC and kitchen. Heated by way of wall-mounted electric heaters. First floor (580 sq/ft): Accessed via a separate external front door to the right-hand side of the building. Internally the first floor is carpeted, with painted walls, single glazed timber frame windows, a small kitchenette area to the rear and WC. There are a mixture of new and existing electric storage heaters. Business rates: The property has been entered onto the Valuation Office Agency website as a shop and premises with a rateable value of £20,000. Services: Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Solicitors: Chamberlins (Great Yarmouth), Ref: Paul Ward, Tel: 01493 857621
Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.