Retail Norwich | NR1 3QR
Norwich |
NR1 3QR 47/49 and 51 St Stephen’s Street
SHOP(S) TO LET
Subject to vacant possession
Location
Service Charge
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.
For the current year, expiring 31/12/16, the budgeted service charge is: 47/49 St Stephen’s Street: £2,778 plus VAT 51 St Stephen’s Street: £2,617 plus VAT
Norwich is currently ranked as the 2nd Hottest Retail Location in the UK (CACI 2015). The premises occupy a prime location on St Stephen’s Street that is one of Norwich’s principal retail and bus thoroughfares. The unit(s) are opposite the entrance to Chapelfield Shopping Centre and adjacent to Argos and in the same parade as BHS, Yours Clothing, WH Smith, CEX and Iceland. Accommodation The unit is arranged over ground and first floors levels having the following approximate net internal floor areas: 47/49 St Stephen’s Street:
Rates The two units are currently assessed as one and according to the Valuation Office Agency website, we understand that the premises are currently assessed as follows: Rateable Value: £185,000 Rates Payable: £ 91,205 (2015/2016) The property will need to be reassessed if it is divided. We recommend that interested parties make their own enquiries of Norwich City Council to verify the current rates payable.
Ground Floor Sales
3,000 sq ft
278.7 sq m
Legal Costs
First Floor Ancillary
2,890 sq ft
268.5 sq m
Each party is to be responsible for their own legal costs incurred in the transaction.
Ground Floor Sales
1,532 sq ft
142.3 sq m
Plant and Equipment
First Floor Ancillary
1,536 sq ft
142.7 sq m
Ground Floor Sales
4,532 sq ft
421.0 sq m
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.
First Floor Ancillary
4,426 sq ft
411.2 sq m
51 St Stephen’s Street:
Alternatively combined:
Tenure The shop unit(s) are available by way of a new effectively full repairing and insuring lease, for a term to be agreed, subject to an upward only rent review every fifth year. Rent 47/49 St Stephen’s Street:
£135,000 per annum exclusive
51 St Stephen’s Street:
£ 65,000 per annum exclusive
Energy Performance Certificate The property currently has an Energy Performance Asset Rating of C (57). A full copy of the certificate is available upon request. Viewing Strictly by appointment through the sole agents: 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
Norwich |
NR1 3QR 47/49 and 51 St Stephen’s Street
Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. Experian Goad Plan Created: ©Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316
50 metres
For more information on our products and services: www.experian.co.uk/goad | [email protected] | 0845 601 6011 IMPORTANT NOTICE
29/10/2015 Created By: Roche
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 only for the guidance of intending purchasers or tenants and do not constitute, nor constitute a part of, an offer or a contract. b) All descriptions, dimensions, reference to condition and necessary for use and occupation, and details are given and without responsibility and 2015. any intending purchasers Copyright and permissions confidentiality Experian, 2015. ©other Crown copyright database rights 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. Ordnance Survey 100019885 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 3QR 47/49 and 51 St Stephen’s Street
SHOP(S) TO LET
Subject to vacant possession
Location
Service Charge
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.
For the current year, expiring 31/12/16, the budgeted service charge is: 47/49 St Stephen’s Street: £2,778 plus VAT 51 St Stephen’s Street: £2,617 plus VAT
Norwich is currently ranked as the 2nd Hottest Retail Location in the UK (CACI 2015). The premises occupy a prime location on St Stephen’s Street that is one of Norwich’s principal retail and bus thoroughfares. The unit(s) are opposite the entrance to Chapelfield Shopping Centre and adjacent to Argos and in the same parade as BHS, Yours Clothing, WH Smith, CEX and Iceland. Accommodation The unit is arranged over ground and first floors levels having the following approximate net internal floor areas: 47/49 St Stephen’s Street:
Rates The two units are currently assessed as one and according to the Valuation Office Agency website, we understand that the premises are currently assessed as follows: Rateable Value: £185,000 Rates Payable: £ 91,205 (2015/2016) The property will need to be reassessed if it is divided. We recommend that interested parties make their own enquiries of Norwich City Council to verify the current rates payable.
Ground Floor Sales
3,000 sq ft
278.7 sq m
Legal Costs
First Floor Ancillary
2,890 sq ft
268.5 sq m
Each party is to be responsible for their own legal costs incurred in the transaction.
Ground Floor Sales
1,532 sq ft
142.3 sq m
Plant and Equipment
First Floor Ancillary
1,536 sq ft
142.7 sq m
Ground Floor Sales
4,532 sq ft
421.0 sq m
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.
First Floor Ancillary
4,426 sq ft
411.2 sq m
51 St Stephen’s Street:
Alternatively combined:
Tenure The shop unit(s) are available by way of a new effectively full repairing and insuring lease, for a term to be agreed, subject to an upward only rent review every fifth year. Rent 47/49 St Stephen’s Street:
£135,000 per annum exclusive
51 St Stephen’s Street:
£ 65,000 per annum exclusive
Energy Performance Certificate The property currently has an Energy Performance Asset Rating of C (57). A full copy of the certificate is available upon request. Viewing Strictly by appointment through the sole agents: 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
Norwich |
NR1 3QR 47/49 and 51 St Stephen’s Street
Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. Experian Goad Plan Created: ©Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316
50 metres
For more information on our products and services: www.experian.co.uk/goad | [email protected] | 0845 601 6011 IMPORTANT NOTICE
29/10/2015 Created By: Roche
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 only for the guidance of intending purchasers or tenants and do not constitute, nor constitute a part of, an offer or a contract. b) All descriptions, dimensions, reference to condition and necessary for use and occupation, and details are given and without responsibility and 2015. any intending purchasers Copyright and permissions confidentiality Experian, 2015. ©other Crown copyright database rights 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. Ordnance Survey 100019885 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.
