Property for sale
Property description & features
- Three storey Grade II* Listed property
- Let to one tenant producing an income of £16,200 per annum
- Desirable location in the heart of Norwich City centre
Let to one tenant producing an income of £16,200 per annum
Desirable location in the heart of Norwich City centre
FREEHOLD RETAIL INVESTMENT
FREEHOLD RETAIL INVESTMENT
Detailed Description
The property comprises a three-storey Grade II* Listed retail premises with rendered timber frame and jettied at first floor.
The basement is a 15th century undercroft separated into two parts, which provides additional storage.
The ground floor provides open plan office/retail accommodation with a step down to the rear sales area.
The first floor provides a large meeting room/ office at the front of the property with rear open-plan office/ kitchenette, meeting room and WC.
Location
Located in the heart of the historic City, Norwich, the premises
is positioned prominently on Bedford Street.
Bedford Street is an attractive cobbled street which forms part of the historic and popular Norwich Lanes. A location popular with independent and creative retailers and café/ restaurants.
Nearby occupiers include Jarrolds department store, Turtle Bay, Gallyons Country Clothing and Chadds.
The premises is a short walk from both St Andrew's Car Park and Castle Meadow, which is served by numerous bus routes. It is also just a 10 minute walk from Norwich Train Station.
The property provides the following net internal floor area.
Description sq m sq ft
Ground floor 45.7 492
First floor 45.2 486
Basement - -
Total NIA 90.9 979
Business rates will be the responsibility of the occupier. The premises has the following combined rates:-
Description Shop & premises
Rateable Value £13,500
Rates payable for 2023/2024 £6,737
Strictly by appointment with the sole selling agent:-
Lease Terms
The property is let in its entirety on an internal repairing lease for a terms of 5 years from 1st October 2021 to Premier Travel Limited, at rent of £16,200 per annum exclusive.
Price
The freehold is available to purchase and offers are invited in excess of £250,000, subject to and with the benefit the current tenancy.
Property information from this agent
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Broadband availability and predicted speed
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on November 16, 2023
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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