May 2024
Roche brings new redevelopment opportunity to the market
Roche has been instructed to seek offers for £3.95 million for a prime freehold city centre property.
Situated at 48/72 St Stephens Street, the subject property is on a highly prominent gateway location and sits on a key junction with the inner ring road.
The area is surrounded by student accommodation and in close proximity to some of Norwich’s most desirable housing.
St Stephens Street is Norwich’s high street and appeals to numerous retailers as well as benefiting from being the city’s primary bus route.
The property is within close proximity to Chantry Place shopping centre, two multi-storey car parks (NCP, St Stephens Street (264 spaces) and Chantry Place (1000 spaces)), Norwich bus station and large retailers such as Marks & Spencer, Superdrug, WHSmith and Iceland.
Formerly the Co-Op Department Store, the property spans 112,618sq ft (10,463 sq m) which has been divided into two retail stores – the former Poundland store and Wilkinsons.
Adrian Fennell, partner at Roche, comments: “This property provides significant potential and is situated in a prime location. Norwich is an affluent city, and this presents the perfect redevelopment opportunity for interested parties to capitalise on.”