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48-72 St. Stephens Street

Norwich, Norfolk, NR1 3SH

26,852 - 112,618 sqft


Prime freehold redevelopment/investment opportunity for sale, occupying a major gateway location into Norwich city centre adjacent to Chantry Place Shopping Centre, opposite Norwich's bus station and within St Stephens Street that houses, Marks & Spencer, Poundland, WH Smith and Superdrug.


Norwich is a renowned cathedral city with a catchment population of over 800,000. The city benefits from excellent communication links to London (A11/M11) and the Midlands (A14). Norwich has twice hourly direct train links to London (1 hour 50 minutes) and an International Airport. The city boasts two universities, University of East Anglia and
Norwich University of the Arts, is a UNESCO City of Literature, forms part of the Cambridge Norwich Tech Corridor and has its own Research Park. Norwich is frequently cited as one of the most desirable UK cities as a result of its safe and historic environment, affordable housing and access to jobs. It is surrounded by the coast and the Norfolk Broads National Park. Norfolk has a total of 32 million tourist trips that benefit the economy by £2.34 billion and supports over 50,000 jobs.

Energy Performance Certificate

Currently the property has the following energy performance assessment ratings:

48/54 St Stephens Street - B(46)

56/72 St Stephens Street - B(49)

Accommodation Description

48/54 St Stephens Street - Former Poundland
sq ft sq m
Ground floor sales 13,937 sq ft 1,295.3 sq m
Basement sales 7,997 sq ft 743.2 sq m
First floor offices/storage 4,918 sq ft 457 sq m
Total 26,852 sq ft 2494.6 sq m

56/72 St Stephens Street - Wilkinsons
sq ft sq m
Ground floor 25914 sq ft 2407.5 sq m
Basement 745 sq ft 69.2 sq m
First floor 26,937 sq ft 2502.5 sq m
Second floor 32,170 sq ft 2,988.7 sq m
Car Parking 18 Spaces -
Total 85,766 sq ft 7,967.9 sq m

Grand Total 112,618 sq ft 10,463 sq m

Wilkinsons did not utilise the second floor and small elements elsewhere, further details upon request.

48/54 St Stephens Street is Locally Listed.


The Valuation Office Agency website indicates that as from April 2023, the rateable values are as follows:

48/54 St Stephens Street - £210,000

56/72 St Stephens Street - £211,000

Viewing and further information

See folder on system and drawer in front office for viewing instructions/photos, ie. 1. photo of lights (key to use), 2. Photo of Poundland - light switch close up. 3. Photo of Poundland - room with light switch.

Who to contact

Adrian Fennell

Roche Chartered Surveyors

07880 975250

Ben Common

Roche Chartered Surveyors

01603 756340
07917 762230

News and Press

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    New build industrial unit let at Snetterton Business Park 
    May 2024

    New build industrial unit let at Snetterton Business Park 

    Roche Chartered Surveyors has completed the letting of a new build 16,440 sq ft industrial unit on Plot 4 at Snetterton Business Park to M&A Coachworks, a supercar manufacturer-approved vehicle repair specialist. Acting on behalf of the Landlord, Roche were able to negotiate a new long term lease for the property in conjunction with Dangerfield Property who represented the Tenant.

    Ben Common, Surveyor at Roche said “This represents an excellent outcome for our client and enables M&A Coachworks to expand their operations into East Anglia within this high specification new build unit. The business park has seen a significant amount of development and expansion over the last few years and has become an established centre for distribution and employment”.

    Roche brings new redevelopment opportunity to the market
    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.”

    Roche carried out a building survey on Grade I Listed former yarn mill for Jarrolds
    May 2024

    Roche carried out a building survey on Grade I Listed former yarn mill for Jarrolds

    Roche was engaged to carry out a comprehensive Building Survey to evaluate the condition of a Grade I Listed former yarn mill including the building fabric and any legal or regulatory issues facing the property.

    Upon receiving instructions, the property was surveyed within two weeks and the findings were reported on within four weeks.

    Located on Whitefriars in Norwich, the historical building was originally constructed as a yarn mill. Over its lifetime, it has been used for a variety of purposes and currently provides office accommodation over ground and five upper floors offering circa 28,000 sq. ft. of office and conferencing space.

    A detailed survey report was provided to ensure the client is fully aware of the condition of the property and the challenges facing it over the coming years. All recommendations were accompanied by cost estimates, giving the client an extensive overview of the condition of the property, any works required to rectify issues and plan for the future being fully informed.

    David Hall, Partner overseeing building surveying, commented: “It was fantastic to be involved in such a historically significant property and to be able to advise the client on the best strategies for its future preservation.”

    David Hall, Partner at Roche

    Broadland Business Park attracts new occupier
    March 2024

    Broadland Business Park attracts new occupier

    Roche has secured a new occupier at Broadland Business Park in Norwich.

    Veincentre, whose Norwich clinic is currently in Surrey Street, are to take a 1,200 sq ft lease in the prestigious Lakeside 500 office building, with the new facility on target to open in May. The company is the UK’s largest vein treatment provider and treats varicose veins, thread veins, leg ulcers and thread veins on the face at 33 clinics around the country.

    Roche is sole agent for Broadland Business Park, which offers both Grade A offices and prime development land for industrial and logistics uses. Veincentre’s tenancy is hot on the heels of four recent lettings on the Park to NatWest Bank, Barratt David Wilson Homes, Mott MacDonald and Optima Health and Optima Health.

    “It is very heartening to be able to report exceptional interest in Broadland Business Park over recent months, with Veincentre being the latest new occupier to make the move to Broadland. Interest in the offices as well the industrial and logistics plots has been growing and remains strong across the whole of the Park.”

    James Allen, Partner at Roche
    St Benedicts Street welcomes Rural Hair & Co
    March 2024

    St Benedicts Street welcomes Rural Hair & Co

    On behalf of TCNUK, Roche Retail is delighted to announce the letting of 8 St Benedicts Street, Norwich, to Rural Hair & Co. Situated in the heart of the Norwich Lanes district, the property occupies a prime position amongst a number of well-established retailers and restaurants.

    “This is an exciting new addition to St Benedicts Street which remains a vibrant and popular part of the city. I wish Rural Hair & Co all the very best with this new venture and expansion into the city.”

    Ben Common, Surveyor at Roche

    Large North Norfolk factory sold
    February 2024

    Large North Norfolk factory sold

    Roche has completed the sale of large former factory premises in North Walsham.

    Robertson House is located in a prominent position at the entrance to the town’s principle industrial estate. The 3.71 acre site is currently occupied by 41,592 sq ft of buildings comprising workshop and warehouse accommodation with a two-storey office, forecourt parking and a rear yard. Also at the rear is large area of undeveloped land.

    The new owners are planning convert and develop the site to create a number of smaller units as a new industrial business park.

    “We are delighted to complete this sale. Large freehold sites such as this are rare and highly sought-after, and the location of Robertson House at the entrance to North Walsham’s main industrial area also made it a very attractive and cost-effective proposition for both developers and potential occupiers.”

    Graham Jones, Partner at Roche
    Norwich city centre bank sold
    February 2024

    Norwich city centre bank sold

    Roche Retail, acting jointly with BWD, has completed the sale of 69 London Street, Norwich, on behalf of The Co-operative Bank.

    “After significant levels of interest in the premises, it was an excellent result to have agreed a sale significantly in excess of the asking price of £335,000 on behalf of our client. The sale demonstrates that city centre high street property remains very much in demand, and I look forward to seeing what is next in store for this historic building.”

    Ben Common, Surveyor at Roche

    Trespass takes space at the Britten Shopping Centre
    February 2024

    Trespass takes space at the Britten Shopping Centre

    Roche Retail is pleased to announce the letting of two units at the Britten Shopping Centre in Lowestoft.

    The international outdoor clothing retailer Trespass has taken occupation of unit 7, which comprises 2,481 sq ft, whilst unit 10B has been let to a local beauty salon.

    “These new lettings underpin the continued demand for space within the centre. Both of these businesses bring exciting new offerings to the scheme which is a key part of Lowestoft’s vibrant town centre and retail offer.”

    Ben Common, Surveyor at Roche
    The international outdoor clothing retailer Trespass has taken occupation of unit 7 at The Britten Centre in Lowestoft

    Repurposed office space proves ideal for NHS
    February 2024

    Repurposed office space proves ideal for NHS

    Roche has completed the letting of grade A office space in Norwich to the NHS.

    The 9,127 sq ft premises on Meridian Business Park in Norwich have been taken by the NHS on a 10-year lease. The office space has been repurposed for clinical uses, with Roche completing the letting on behalf of Dencora Investments.

    “Repurposing the offices for NHS further enhances Meridian’s position as a successful business park. It is a popular employment location, which has strong access routes due to its proximity to the Southern Bypass and Northern Distributor Road.”

    Sam Kingston, Surveyor at Roche
    Norwich premises let to popular Scandi retailer
    February 2024

    Norwich premises let to popular Scandi retailer

    A contemporary Scandinavian retailer is set to open a new store in Norwich this Spring. Roche has just secured Søstrene Grene as a tenant for premises at 15 -17 London Street.

    Established in Denmark in 1973, Søstrene Grene is a home retailer, selling furniture, interior decor, kitchenware, party supplies, stationery and toys. While it has 15 stores across the UK, the closest one to Norfolk is currently in London.

    Roche has let the London Street unit, principally arranged over a 5,612 sq ft ground floor, on a 10-year lease. The premises occupy a prominent corner location and have an extensive frontage, adjacent to Jarrold’s Department Store, making them an attractive proposition for retailers.

    “We are delighted to secure this letting for Søstrene Grene to move into the popular London Street shopping area. The location is within one of Norwich’s principal retail thoroughfares which link the professional business district, the Cathedral and railway station to the city centre. This will be the retailer’s first store in the region and we are pleased to have found them ideal premises here in Norwich.”

    Adrian Fennell, partner at Roche

    Francis Darrah acted jointly on the letting and Hynes Illingworth advised Søstrene Grene.