38 Exchange Street, Norwich
LOCATION
Exchange Street is within Norwich’s retail core and connects directly with the prime shopping pitch of Gentleman’s Walk and London Street. It also forms part of Norwich Lanes, home to many independent retailers and restaurants.
Exchange Street links the St Andrews Street 1,000 car park with the city centre. The property is adjacent to Property Ladder Estate Agents and The Wallow Self Service Wine Bar. Nearby occupiers include – Abbotts Estate Agents, Complementary Health Care Clinic, La Crème Brides, Cafe 33, Cote restaurant, Sevenwolves Menswear, Thorns (local ironmongers) and Jarrold department store and stationery store.
ACCOMMODATION
The property has recently been refurbished and provides extensive retail and potentially office accommodation on ground, first and second floors with the following approximate areas calculated on a net internal area (NIA) basis:-
| Ground Floor: | ||
| Sales Front | 237 sq ft | 22.0 sq m |
| Sales Rear (up 2 steps) | 130 sq ft | 12.0 sq m |
| 467 sq ft | 34.0 sq m | |
| First Floor: | ||
| Potential offices/stock | 247 sq ft | 22.9 sq m |
| Kitchen | 77 sq ft | 7.15 sq m |
| Second Floor: | ||
| Potential offices/stock | 390 sq ft | 36.2 sq m |
| Basement: | ||
| Storage | 346 sq ft | 32.1 sq m |
TENURE
The property is being offered by way of a new internal repairing (including doors and ground floor windows) and insuring lease on a length of term to be agreed at a rental of £15,500 pax, subject to 5 yearly upward only rent reviews. The lease will be excluded from the Security of Tenure Provisions of the Landlord & Tenant Act 1954.
PLANNING
The property was previously used as an estate agent and has planning provision for any use within Class E which includes retail, restaurant/café, offices and clinics/consulting rooms.
RATEABLE VALUE
We understand from the Valuation Office Agency website that the property has a rating assessment of £8,700 with effect from 1 April 2017. Interested parties are advised to make their own enquiries via the Norwich City Council website regarding the rates payable and any applicable relief/exemptions.
ENERGY PERFORMANCE CERTIFICATE
The property has a EPC rating E. Further details are available upon request.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in the transaction.
Plans
Goad Digital Plans are for identification only and not to be scaled as a working drawing and are based upon the Ordnance Survey Map with the permission of The Controller of Her Majesty’s Stationery Office © Crown Copyright 39954X. No part of this plan may be entered into an electronic retrieval system without prior consent of the publisher. Experian, Goad House, Salisbury Square, Hatfield, Hertfordshire, AL9 5BJ. Tel: 01707 636901 Fax: 01707 636907.
Francis Darrah for themselves and as Agents for the proposed Vendor(s) or Lessor(s) give notice: 1. That they do not make or give either in these particulars or in negotiations or otherwise any warranty or representation whatever in relation to the property. 2. Any plan attached to these particulars is for identification purposes only and all measurements are given as a guide and no liability can be accepted for errors arising therefrom. 3. The property being open to inspection any intended purchaser must satisfy himself as to the accuracy of these particulars and he will be deemed to have full knowledge thereof. 4. No liability can be accepted for any misstatement, omission or errors in these particulars. 5. These particulars do not constitute an offer or Contract or any part thereof.