Retail Norwich | NR1 3QF
Norwich |
NR1 3QF 19-25 Red Lion Street
RESTAURANT/LEISURE PREMISES TO LET/FOR SALE Location Norwich has a population of 170,000 persons and a regional catchment area of one million residents. In addition approximately five million tourists visit Norwich annually.
Rates According to the Valuation Office Agency website, we understand that the premises are currently assessed under two assessments totalling the following:
Norwich is one the UK’s top retail and leisure destinations and the subject property is directly opposite Debenhams and Pizza Hut whilst adjacent to Nandos. Primark, Marks & Spencer and Bella Italia are all in close proximity.
Rateable Value: Rates Payable:
Accommodation The premises have a large presence at first and second floor level on Red Lion Street and also benefit from two ground floor entrances. The accommodation is arranged as follows: First Floor NIA 1,937 sq ft (formerly Thai Wellbeing) Second Floor NIA 1,646 sq ft (formerly Baan Phiraya Restaurant)
179.8 sq m 152.8 sq m
The first floor is currently fitted out as a “Wellbeing” centre and the second floor is fitted as a restaurant with full kitchen. It is possible to access the first floor from one ground floor entrance and second floor from the other ground floor entrance, if required. Lease The property is available by way of a new effectively full repairing and insuring lease for a term to be agreed. Alternatively, our client will consider a long leasehold sale of the two floors. Rent £27,500 per annum exclusive. A long leasehold price is available upon request.
£26,500 £13,171
(2016/2017)
We recommend that interested parties make their own enquiries Norwich City Council to verify the current rates payable and to establish the position in respect of any appeals and the inheritance of any transitional relief, which may reduce or increase the rating liability. Energy Performance Certificate The property currently has an Energy Performance Asset Rating of (D). A full copy of the Energy Performance Certificate is available upon request. Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction. Plant and Equipment None of the systems or equipment in the property have been tested by us to ensure that they are in working order. Prospective tenants may wish to make their own investigations. Viewing Strictly by appointment through the sole letting agents: Roche Retail: Contact: Adrian Fennell Tel: 01603 756334 Email: [email protected]
SUBJECT TO CONTRACT
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions or through the website www.commercialleasecode.co.uk
Retail
01603 619876
www.rochesurveyors.co.uk
Norwich |
NR1 3QF 19-25 Red Lion Street
Norwich
Experian Goad Plan Created: 26/11/2014 Roche
Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. Created By: 50 metres ©Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316
For more information on our products and services: www.experian.co.uk/goad | [email protected] | 0845 601 6011
IMPORTANT NOTICE Roche Chartered Surveyors for themselves and for the Vendors or Lessors of this property, whose agents they are, give notice that: a) The particulars are set out as a general outline onlyCopyright for the guidance of intending purchasers or tenants not constitute, norand constitute a part rights of, an offer or a contract. and confidentiality Experian, 2014.and © do Crown copyright database 2014. b) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers Ordnance Survey 100019885 or tenants 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. c) No person in the employment of Roche Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property.
NR1 3QF 19-25 Red Lion Street
RESTAURANT/LEISURE PREMISES TO LET/FOR SALE Location Norwich has a population of 170,000 persons and a regional catchment area of one million residents. In addition approximately five million tourists visit Norwich annually.
Rates According to the Valuation Office Agency website, we understand that the premises are currently assessed under two assessments totalling the following:
Norwich is one the UK’s top retail and leisure destinations and the subject property is directly opposite Debenhams and Pizza Hut whilst adjacent to Nandos. Primark, Marks & Spencer and Bella Italia are all in close proximity.
Rateable Value: Rates Payable:
Accommodation The premises have a large presence at first and second floor level on Red Lion Street and also benefit from two ground floor entrances. The accommodation is arranged as follows: First Floor NIA 1,937 sq ft (formerly Thai Wellbeing) Second Floor NIA 1,646 sq ft (formerly Baan Phiraya Restaurant)
179.8 sq m 152.8 sq m
The first floor is currently fitted out as a “Wellbeing” centre and the second floor is fitted as a restaurant with full kitchen. It is possible to access the first floor from one ground floor entrance and second floor from the other ground floor entrance, if required. Lease The property is available by way of a new effectively full repairing and insuring lease for a term to be agreed. Alternatively, our client will consider a long leasehold sale of the two floors. Rent £27,500 per annum exclusive. A long leasehold price is available upon request.
£26,500 £13,171
(2016/2017)
We recommend that interested parties make their own enquiries Norwich City Council to verify the current rates payable and to establish the position in respect of any appeals and the inheritance of any transitional relief, which may reduce or increase the rating liability. Energy Performance Certificate The property currently has an Energy Performance Asset Rating of (D). A full copy of the Energy Performance Certificate is available upon request. Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction. Plant and Equipment None of the systems or equipment in the property have been tested by us to ensure that they are in working order. Prospective tenants may wish to make their own investigations. Viewing Strictly by appointment through the sole letting agents: Roche Retail: Contact: Adrian Fennell Tel: 01603 756334 Email: [email protected]
SUBJECT TO CONTRACT
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions or through the website www.commercialleasecode.co.uk
Retail
01603 619876
www.rochesurveyors.co.uk
Norwich |
NR1 3QF 19-25 Red Lion Street
Norwich
Experian Goad Plan Created: 26/11/2014 Roche
Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. Created By: 50 metres ©Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316
For more information on our products and services: www.experian.co.uk/goad | [email protected] | 0845 601 6011
IMPORTANT NOTICE Roche Chartered Surveyors for themselves and for the Vendors or Lessors of this property, whose agents they are, give notice that: a) The particulars are set out as a general outline onlyCopyright for the guidance of intending purchasers or tenants not constitute, norand constitute a part rights of, an offer or a contract. and confidentiality Experian, 2014.and © do Crown copyright database 2014. b) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers Ordnance Survey 100019885 or tenants 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. c) No person in the employment of Roche Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property.
