2 Redwell Street in Norwich is a seemingly ordinary building with a modern 20th-century shopfront. However, beneath the surface lies a hidden treasure – a 15th-century brick undercroft. This hidden cellar is one of approximately 70 undercrofts that still exist in Norwich City center. These underground spaces have managed to survive fires and demolitions of surrounding buildings, preserving a piece of Norwich’s rich history.
What makes 2 Redwell Street even more special is its association with Mostyn Armstrong, a lieutenant in the Norfolk military and a local historian. This building was his home, adding to its historical significance. The presence of the undercroft, which was used for storage and is not open to the public, has contributed to its Grade II star listing, making it an even more noteworthy property.
Currently, the property is rented out to two businesses, and they will continue occupying the premises even after the sale. This arrangement brings in an annual income of £28,200, making it an attractive investment opportunity. Considering its historical value and the revenue it generates, the office space has been listed for offers in excess of £375,000.
The undercroft, with its hidden underground nature, is one of the unique features that sets 2 Redwell Street apart. It has allowed the building to withstand the test of time, surviving fires and demolitions that have affected the surrounding area. This historical gem, along with its association with Mostyn Armstrong, has garnered the property a Grade II star listing, enhancing its value and appeal.
In addition to its historical significance, the property also serves as a source of income. Two businesses currently rent out the space and will continue to do so after the sale. This rental agreement generates an annual income of £28,200, making the property a potentially lucrative investment opportunity for potential buyers.
To take advantage of this unique offering, the property has been listed for offers in excess of £375,000. The combination of its historical value and income-generating potential make it an attractive prospect for those looking to own a piece of Norwich’s history while also benefiting from a steady rental income. Overall, 2 Redwell Street presents a rare opportunity for buyers to own a property with a hidden secret beneath its modern facade.
