8 November 2011

Forsters acts on sale of prominent Norwich freehold retail investment for £6m

Forsters has acted for a syndicate of Irish investors in connection with the sale of 11-17 Castle Street & 8-10 Castle Meadow, Norwich for circa  £6m.  The property, situated in the heart of Norwich city centre, is within one of the core pedestrianised retailing thoroughfares.

The prominent freehold investment property is let in entirety to Waterstones Booksellers on a 20 year FRI lease with  approximately 9.5 years left to run.  The property comprises a total of 15,731 sq ft.

Commercial property partner, Andrew Crabbie, assisted by Katherine Ekers acted for the sellers and Sylvia   Shepherd of DLA Piper acted for the buyer.

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