FREEHOLD MIXED USE INVESTMENT
Error! Filename not specified.
FREEHOLD MIXED USE INVESTMENT 147.12 SqM (1,584 SqFt) Plus Three Residential Flats
MIXED USE INVESTMENT
For Sale
17-19, Castle Meadow, Norwich, Norfolk NR1 3DD
CLOSE TO PRIME RETAIL AREA
The Property is situated on Castle Meadow, a main secondary retailing area of Norwich, within close proximity to the Castle Mall Shopping Centre and the prime retail area of Gentleman's Walk.
INCOME c. £ 31,000 p.a
The street is primarily characterised as a central travel point due to the abundance of bus stops, however there are a number of National Retailers within the immediate vicinity including Boots Pharmacy, Harriet's Tea Room, Waterstones and Trailfinders.
SHOP WITH THREE FLATS
Note: Arnolds for themselves and for the vendors or lessees of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of, an offer or contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchaser or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of Arnolds has any authority to make or give any representation or warranty whatever in relation to this property.
Investment
17-19, Castle Meadow, Norwich, Norfolk NR1 3DD
Description
Legal Costs
The property comprises a mid terraced three storey building with basement of brick and block construction with large double glazed display windows at ground floor level and an exposed brick façade under a flat roof.
Each party is to bear their own legal costs.
The ground floor comprises a lock-up shop currently utilised as a café. The basement, first and second floors offer residential accomodation comprising of two studio flats and a one bed flat.
VAT Our client reserves the right to charge VAT in line with the current legislation.
Business Rates The property has been entered onto the Valuation Office Agency website as the following:
Accommodation We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate net internal floor area: Description Ground Floor Retail Basement Flat First Floor Flat Second Floor Flat TOTAL NIA =
M² 31.38 40.39 31.82 43.53 147.12
Sq. Ft. 338 435 343 469 1,584
Description: Cafe and Premises Rateable Value: £11,500 Rates Payable 2016/2017: £5,715.50
EPC The property has EPC rating of: TBC
Viewing and further information Strictly by appointment with the sole agent:
Tenure The freehold is available at £570,000 subject to the tenancy of the ground floor unit which we are informed is currently being drafted to include a ten year term at a rent of £10,000 per annum. The flats are let on assured shorthold tenancies at the following monthly rents: Description Second Floor (1 Bed) First Floor (Studio) Basement (Studio) Shop Income Total Income
Income £8,340 £7,500 £5,400 £10,000 £31,240
Arnolds Keys 01603 620551 Robert Flint or Jordan Marshall [email protected] [email protected] SUBJECT TO CONTRACT RJF-JMM/lp/09/2016/120/1
FREEHOLD MIXED USE INVESTMENT 147.12 SqM (1,584 SqFt) Plus Three Residential Flats
MIXED USE INVESTMENT
For Sale
17-19, Castle Meadow, Norwich, Norfolk NR1 3DD
CLOSE TO PRIME RETAIL AREA
The Property is situated on Castle Meadow, a main secondary retailing area of Norwich, within close proximity to the Castle Mall Shopping Centre and the prime retail area of Gentleman's Walk.
INCOME c. £ 31,000 p.a
The street is primarily characterised as a central travel point due to the abundance of bus stops, however there are a number of National Retailers within the immediate vicinity including Boots Pharmacy, Harriet's Tea Room, Waterstones and Trailfinders.
SHOP WITH THREE FLATS
Note: Arnolds for themselves and for the vendors or lessees of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of, an offer or contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchaser or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of Arnolds has any authority to make or give any representation or warranty whatever in relation to this property.
Investment
17-19, Castle Meadow, Norwich, Norfolk NR1 3DD
Description
Legal Costs
The property comprises a mid terraced three storey building with basement of brick and block construction with large double glazed display windows at ground floor level and an exposed brick façade under a flat roof.
Each party is to bear their own legal costs.
The ground floor comprises a lock-up shop currently utilised as a café. The basement, first and second floors offer residential accomodation comprising of two studio flats and a one bed flat.
VAT Our client reserves the right to charge VAT in line with the current legislation.
Business Rates The property has been entered onto the Valuation Office Agency website as the following:
Accommodation We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate net internal floor area: Description Ground Floor Retail Basement Flat First Floor Flat Second Floor Flat TOTAL NIA =
M² 31.38 40.39 31.82 43.53 147.12
Sq. Ft. 338 435 343 469 1,584
Description: Cafe and Premises Rateable Value: £11,500 Rates Payable 2016/2017: £5,715.50
EPC The property has EPC rating of: TBC
Viewing and further information Strictly by appointment with the sole agent:
Tenure The freehold is available at £570,000 subject to the tenancy of the ground floor unit which we are informed is currently being drafted to include a ten year term at a rent of £10,000 per annum. The flats are let on assured shorthold tenancies at the following monthly rents: Description Second Floor (1 Bed) First Floor (Studio) Basement (Studio) Shop Income Total Income
Income £8,340 £7,500 £5,400 £10,000 £31,240
Arnolds Keys 01603 620551 Robert Flint or Jordan Marshall [email protected] [email protected] SUBJECT TO CONTRACT RJF-JMM/lp/09/2016/120/1
