Located in the heart of Norwich commercial centre, 12 Upper King Street and 16 Bank Street enjoy a high-profile location in the city centre, providing a unique opportunity for a new occupier or investor.
Originally two separate buildings, locals in the area may remember it being home to Blue Bat Café in the 1970s, which was best known for its world-class bacon rolls; however, it has been the premises of Shipmans Independent Property Agents for the last three decades.
Despite being two separate addresses offered as two individual lots, the properties are connected internally, so there will be the option for the buyer of 12 Upper King Street to purchase 16 Bank Street if desired.
12 Upper King Street goes under the hammer first, with a guide of £275,000 – £325,000 (plus fees). For the last thirty years, the ground floor has been occupied by an established local estate agent, while the various office spaces on the upper floors were successfully rented out. The property also houses the necessary kitchen and toilet facilities, in addition to a large basement offering an abundance of storage space, as well as a set of large steel doors and an iron grate, which is a rather unusual feature.
Around the corner, you'll find the main entrance to 16 Bank Street, which can also be accessed through the internal interconnecting doors. The property on Bank Street has a guide price of £175,000 - £200,000 (plus fees) and comprises of various office spaces, kitchen and toilet facilities, split across three floors. There is also a large cellar underneath the building, providing further useful storage space.
Enjoying a prominent position just around the corner from Prince of Wales Road, both properties benefit from plenty of passing pedestrian and vehicular traffic. Other nearby occupiers in the area include Norwich Cathedral, restaurants and businesses such as estate agents, solicitors and accountants.
Owner Ken Shipman of Shipman Independent Property Agents, commented: "We've enjoyed and benefited from being in a very prominent city centre office, and with the size of the cellars, it's amazing how much you can acquire over the years".
Both properties are being sold in our livestream property auction with vacant possession and would lend themselves to various uses, with the potential to convert the upper floors to residential accommodation, pending the necessary consent.
Should you be interested in acquiring these unique properties in the centre of Norwich, whether as a combined purchase or individually, we recommend arranging a viewing to truly appreciate both their versatility and prominent position.
Contact Auction House East Anglia through our website or on 01603 505 100 to find out more.
Being sold via livestream auction on Wednesday 14th June
