LOCATION
The property is located in the city of Norwich which has a catchment population of
circa 300,000 people. It has a large commercial and economic base including two
shopping centres including two shopping centres, Chapelfield and the Castle Mall
shopping centres. It is well connected in terms of communications with London being
circa 120 miles away to the south west and connected by the A11/M11 trunk roads.
Other major cities located nearby are Cambridge (60 miles) and Ipswich (40 miles) via
the A140.
The subject premises are located in the secondary retailing position to the east of Red
Lion Street which is directly opposite Debenhams department store in the heart of the
retailing area with Castle Mall to the north and St Stephen’s Street to the south of Red
Lion Street. The adjacent occupiers are Barclays and John Olivers and other nearby
occupiers are the Chelsea Building Society, Bella Italia, Nando’s, Fashion Insider, Tesco
Express and M&S.
DESCRIPTION
The property comprises a four-storey terraced period property of solid brick
construction. The subject unit is at ground floor level comprising a floor retail unit and
also basement office/ storage area.
The property comprises solid floors with laminated covering, plastered and painted
walls, Cat II lighting, air conditioning units, glass fronted façade and polystyrene ceiling
tiles.
Access to the basement is at the rear of the unit comprising a main office area,
kitchenette, two storerooms and a male and female WC.
CONDITION
We have not conducted a full structural survey but the property appears to be in a
reasonable condition considering its age. We also understand the property is grade II
listed.
ACCOMMODATION
As defined by the RICS Sixth Edition of , the Code and Measuring Practice, the floor
area on a net internal basis is a total of 76.07 sq m (819 sq ft). Please see table below
for specific areas:
Description
| Use
| sq m | sq ft |
| | | | |
Ground
| Retail
| 42.06 | 453 |
Basement
| Office/Storage
| 34.01 | 366 |
| | | | |
| Total | | 76.07 | 819 |
Shop Frontage 4.17 m
SERVICES
All the main services are connected.
BUSINESS RATES
The current rateable value in the 2010 rating list is £28,000 and the description is
“offices and premises”.
PLANNING
We understand that the current planning consent for the ground floor is A2 Financial
and Professional services.
ENERGY PERFORMANCE CERTIFICATES (EPCS)
It is a legal requirement for all commercial property when constructed, sold or let
(including lease assignment) to have an EPC prepared. The EPC must be made
available free of charge to prospective purchasers or tenants prior to them receiving
any written information or viewing the property.
TENURE
The unit is available on a leasehold basis, for a new lease on flexible terms.
QUOTING TERMS
The quoting rent is £16,000 per annum.
LEGAL COSTS
Each party is to pay their own legal fees.
POSSESSION
On completion of legal formalities.
VAT
We understand the rent is exclusive of VAT and that it will be chargeable.
VIEWING
Through the joint agents, ask-re and Baker Property Consultancy.
SUBJECT TO CONTRACT
IMAGE GALLERY