The property is situated on London Street, a busy retail thoroughfare, linking the professional business district, the Cathedral and Norwich’s railway station to the city centre.
The property has extensive frontage on a prominent corner location adjacent to Jarrold Department Store and Tesco Express and beneath The Gym and Cosmo. Other multiple retailers in the immediate vicinity include Costa, Space NK, Mountain Warehouse, White Stuff, Seasalt, and The Ivy.
The property has the following approximate net areas:-
|Ground Floor :|
|Sales||5,552 sq ft||515.8 sq m|
|Stock||60 sq ft||5.6 sq m|
|Sales||3,360 sq ft||312.2 sq m|
|Stock||1,807 sq ft||167. sq m|
Our client would give consideration to letting the ground floor and basement as separate units.
The property is offered by way of a new effectively full repairing and insuring lease, on a length of term to be agreed, at a rental of £150,000 pax (+VAT if applicable), subject to 5 yearly upward only rent reviews.
We understand from the Valuation Office Agency website that the property has a current rating assessment of £161,000 with effect from 1 April 2023. Interested parties are advised to make their own enquiries.
ENERGY PERFORMANCE CERTIFICATE
The property has an energy rating of B. Further details are available upon request.
Each party to be responsible for their own legal costs incurred in the transaction.
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.