Retail Unit 78.78 SqM (848SqFt)
PRIME SUBURBAN PARADE GOLDEN TRIANGLE LOCATION OPEN PLAN SALES AREA PROMINENT DISPLAY FRONTAGE
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.
DRAFT
Retail To Let
81 Unthank Road, Norwich, Norfolk, NR2 2PE
The property is situated in a very popular retail parade, a short distance south west of the City centre. Unthank Road leads through the heart of the Golden Triangle and is a busy retail location with other occupiers including Tesco Express, Café Nero, Adnams Wine Merchants and a range of other occupiers.
81 Unthank Road, Norwich , Norfolk, NR2 2PE
Description
Business Rates
The property itself comprises a two storey mid terrace building providing ground floor sales accommodation with two self contained studio flats above.
The property has been entered onto the Valuation Office Agency website as the following:
Internally the property provides generally open plan front and rear sales areas with two individual offices to one side of the front. Beyond the rear sales is the WC and kitchen. The accommodation is carpeted with suspended ceiling and painted walls. The residential accommodation is accessed to the rear of the property with a shared entrance and communal staircase and provides two self contained studio flats. These are currently sub let and any assignee of the Lease would benefit from the generated income.
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 Retail area Manager’s Office Kitchen Storage Cupboard TOTAL NIA
SqM 63.92 7.36 4.4 0.68 76.36
SqFt 688 79 47 7 821
Flat/Room – 2 flats let on assured shorthold leases.
Description: Shop and Premises Rateable Value: £ 17,750 Rates Payable 2017/18: £8,271.50
Legal Costs The ingoing tenant will be responsible for both parties' reasonably incurred legal fees.
VAT Our client reserves the right to charge VAT in line with current legislation.
EPC The property has EPC rating:- TBC.
Viewing and further information Strictly by appointment with the sole agent: Arnolds Keys 01603 620551 Robert Flint
[email protected] Terms
Jordan Marshall
[email protected] The property is available via an assignment of the existing Lease on the following terms:
SUBJECT TO CONTRACT - RJF/rhc/22846/120/1
Start Date Expiry Date Break Clause Passing Rent Rent Review
10/04/2015 9/04/2025 10/04/2020 £25,000 per annum 10/04/2020
The current rents receivable from the flats equate to £8,340 per annum, therefore the effective rent payable is £16,660 per annum.