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Retail investment and residential development opportunity on the market in Norwich

Retail investment and residential development opportunity on the market in Norwich

06 November 2018

Telereal Trillium launches Westlegate and Boar’s Head developments with a combined portfolio of 15 retail units and planning for 69 apartments in the heart of Norwich. 

A unique opportunity to acquire a significant retail and office investment with ongoing active asset management and significant development potential has come to market in Norwich.

Westlegate and Boar’s Head comprises a total existing floor area of 56,155 sq ft (5,217 sq m) of retail and office accommodation arranged over 4 storeys, situated in a prominent location in Norwich City centre. The scheme comes with planning for 69 apartments ranging from studios, one and two-bedroom accommodation through office conversion and new build extensions.

Norwich Retail Investment Opportunity

Home to several national retailers such as Debenhams, Tesco Express, Marks & Spencer, and John Lewis, the sites falls within the St Stephens Area Masterplan, which aims to regenerate the area and enliven the city centre, encouraging the development of residential dwellings as part of the wider regeneration.

James Bradbury, Senior Development Manager at Telereal Trillium, says: “This is an exciting freehold asset opportunity with significant potential for capital growth. The approved plans for the redevelopment of the site will help to revamp this part of the city centre and encourage new residential dwellings as part of the city regeneration.”

Norwich Retail Investment Development Opportunity

Offers are sought in excess of £7m and is on the market with Allsop. For further information or to make arrangements for a viewing, please contact:

Residential Investment & Development

Andrew Boyd
020 7344 2609
andrew.boyd@allsop.co.uk

or

Victoria Barron
020 7344 2636
victoria.barron@allsop.co.uk  
Commercial National Investment:

Commercial National Investment

Dale Johnstone
020 7543 6796
dale.johnstone@allsop.co.uk

or

Lottie Hayward
020 7543 6750
lottie.hayward@allsop.co.uk