94 Upper St Giles Street, Norwich, Norfolk, NR2 1LT

This property is a lower ground floor cellar area previously utilized by Eaton Rifle Club, offering approximately 2,455 sq ft (228.1 sq m) of space. The entrance is located at ground floor level and includes WC facilities, with steps leading down to the main area that consists of three principal sections of varying heights, the main section measuring 2.7m. The cellar has an uninterrupted length of approximately 27 meters. The property is held on a long leasehold with a term of 125 years starting from April 1, 2006, and an annual ground rent of £300. Currently, there is a short lease in place generating a rental income of £1,000 per month for the first year, increasing to £1,200 in the second year and to £1,400 in the fourth year, making it an investment property with immediate income potential. The property is situated in the artisan area of Upper St. Giles Street, Norwich, which is known for its art galleries, coffee shops, and restaurants. Interested parties are advised to consult with the local planning authority regarding permitted uses, as certain high-traffic uses may not be allowed. Service charge and ground rent, including building insurance, have been paid until June 2025.