Freehold Retail Investment DRAFT - OnTheMarket
Freehold Retail Investment
DRAFT
69.12 Sq M (744 SqFt)
POPULAR SUBURBAN LOCATION EXCELLENT COVENANT STRENGTH
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 For Sale
231 Queens Road, Norwich NR1 3AE
RECENTLY RENEWED LEASE
Queens Road forms part of the Norwich inner ring road and is therefore a main route into the city centre from the A47 and A146. The immediate vicinity is characterised by a variety of uses including retail, food and leisure, with a number of residential properties also in the area.
DEVELOPMENT POTENTIAL (STP)
The property is situated within a retail parade and comprises a two storey building of brick construction under a pitched clay pantile roof, with yard area to the rear which may be suitable for further development (STP).
231 Queens Road, Norwich NR1 3AE
Description
EPC
The property provides ground floor retail and storage accommodation with first floor consultation rooms currently let to Scrivens Ltd.
The property has EPC rating - TBC
The property is located within a popular suburban parade forming part of the inner ring road and is therefore a popular route into the city centre.
Viewing and further information Strictly by appointment with the sole agent: Arnolds Keys
Accommodation
01603 620551
We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate net internal floor area:
Jordan Marshall [email protected]
Description Ground First Total NIA
Sq M 48.80 20.28 69.08
Sq Ft 525 218 744
Robert Flint [email protected]
Terms The freehold of the subject property is offered at a guide price of £150,000 exclusive subject to the tenancy to Scrivens Ltd. The propery is let to Scrivens Ltd on a lease dated 5th October 2016. Term Start Rent (per annum) Repairs Break Clause
5 years 24th June 2016 £8,000 Fully repairing and insuring 23rd June 2019
Business Rates The property has been entered onto the Valuation Office Agency website as the following: Description: Shop and Premises Rateable Value: £7,800 Rates Payable 2016/2017: £3,775
Legal Costs Each party to bear their own costs incurred within the transaction.
VAT Our client reserves the right to charge VAT in line with current legislation.
SUBJECT TO CONTRACT JJM/RJF/rhc/22454/120
DRAFT
69.12 Sq M (744 SqFt)
POPULAR SUBURBAN LOCATION EXCELLENT COVENANT STRENGTH
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 For Sale
231 Queens Road, Norwich NR1 3AE
RECENTLY RENEWED LEASE
Queens Road forms part of the Norwich inner ring road and is therefore a main route into the city centre from the A47 and A146. The immediate vicinity is characterised by a variety of uses including retail, food and leisure, with a number of residential properties also in the area.
DEVELOPMENT POTENTIAL (STP)
The property is situated within a retail parade and comprises a two storey building of brick construction under a pitched clay pantile roof, with yard area to the rear which may be suitable for further development (STP).
231 Queens Road, Norwich NR1 3AE
Description
EPC
The property provides ground floor retail and storage accommodation with first floor consultation rooms currently let to Scrivens Ltd.
The property has EPC rating - TBC
The property is located within a popular suburban parade forming part of the inner ring road and is therefore a popular route into the city centre.
Viewing and further information Strictly by appointment with the sole agent: Arnolds Keys
Accommodation
01603 620551
We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate net internal floor area:
Jordan Marshall [email protected]
Description Ground First Total NIA
Sq M 48.80 20.28 69.08
Sq Ft 525 218 744
Robert Flint [email protected]
Terms The freehold of the subject property is offered at a guide price of £150,000 exclusive subject to the tenancy to Scrivens Ltd. The propery is let to Scrivens Ltd on a lease dated 5th October 2016. Term Start Rent (per annum) Repairs Break Clause
5 years 24th June 2016 £8,000 Fully repairing and insuring 23rd June 2019
Business Rates The property has been entered onto the Valuation Office Agency website as the following: Description: Shop and Premises Rateable Value: £7,800 Rates Payable 2016/2017: £3,775
Legal Costs Each party to bear their own costs incurred within the transaction.
VAT Our client reserves the right to charge VAT in line with current legislation.
SUBJECT TO CONTRACT JJM/RJF/rhc/22454/120
