MapProperty for sale
Features and description
- Substantial city centre vacant commercial building
- Extending to around 5,410 sq/ft
- Guide price: £275,000 VAT
- For sale by Online auction
- Unless previously sold or withdrawn prior
- Tuesday 20th January 2025
FOR SALE BY NATIONAL ONLINE AUCTION TUESDAY 4TH JANUARY 2025
PLEASE VISIT OUR WEBSITE FOR LEGAL PACKS AND TO REGISTER TO BID
Substantial city centre vacant commercial building extending to around 5,410 sq/ft
This prominent three storey freehold office building extends to around 5,410 sq/ft. The ground floor provides two self contained office/retail units and the first and second floor provides primarily open plan office accommodation accessed from a separate ground floor entrance.
The property benefits from suspended ceilings incorporating Cat 2 lighting, security alarm and air conditioning to part, internal lift (not currently in use), ground, first and second floor toilet facilities and disabled wc.
The upper two floors offer potential to convert to residential subject to the necessary consents.
Description The property is arranged over ground, first and second floor with a total net internal floor area of 5,423 sq ft (410.9 sq m)
Ground Floor Office 1,000 sq ft (92.9 sq m)
Ground Floor Retail 987 sq ft (91.7 sq m)
First Floor Office 1,675 sq ft (155.6 sq m)
Second Floor Office 1,748 sq ft (162.4 sq m)
Location The property is located on Prince of Wales Road, which is the main thoroughfare from the city centre and Tombland to the Riverside complex and train station. The area is a mixture of bars, offices, and residential accommodation and within easy walking distance to the main shopping areas of Chantry Place and Castle Quarter.
Rates The Valuation Office Agency website indicates that as from April 2023 the property have the following Rateable Values.
Ground Floor Retail £24,750
Ground and First Floor Offices £27,250
Second Floor Offices £22,000
These are not the annual rate payable. The rates payable will depend on the occupier's circumstances and can be obtained from which includes a rates payable calculator.
Value Added Tax (VAT) Please note VAT will be applicable to this lot
Viewings Viewings are available on request
Please contact the Norwich Office to arrange your appointment.
Tenure: Freehold
EPC Rating: D
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £960 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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