SummaryFormer banking hall, suitable for A3, A4 & B1(a) uses (subject to planning)
DescriptionThe property comprises a prominent & attractive self-contained red brick building, which was a former banking hall. Accommodation is provided over basement, ground, mezzanine and two upper floors.
Our client's intention is to self-contain the ground, basement & mezzanine and seek a retail/A3/A4 operator. The ground floor benefits from a generous floor to ceiling height, many period features and offers flexible open plan space.
The upper floors will be refurbished as B1 offices, with their own separate entrance and passenger lift.
Upon completion of the above-mentioned works, the following net lettable areas will be provided:
Ground floor - 2,544 sq ft (236.35 sq m)
Basement - 1,492 sq ft (138.61 sq m)
Mezzanine - 588 sq ft (54.63 sq m)
First floor (front) - 839 sq ft (77.95 sq m)
First floor (rear) - 1,190 sq ft (110.55 sq m)
Second floor - 907 sq ft (84.26 sq m)
Total - 7,560 sq ft (702.35 sq m)
LocationNorwich is the administrative & commercial centre of East Anglia and Norfolk's principle city.
It has a growing population of 132,000 in the Norwich City Council area, and a travel to work area of 376,500 people. It is ranked 11th out of the UK's top retail centres.
The property is situated on the east side of Surrey Street, opposite A Plan Insurance and close to the junction with St Stephens Street. St Stephens Street itself, is one of Norwich's principle retail and bus thoroughfares.
Aviva's headquarters is directly behind the building, and other occupiers within close proximity are Marks & Spencer, John Lewis, Debenhams, Sainsbury Local and Tesco Express.
Norwich's bus station is situated a short walk to the south, which provides a steady flow of pedestrians heading past the property into the City centre.
This area of Norwich has also seen considerable development activity in recent months.
Sentinel House, Surrey Street - former office building converted to 200, one & two bedroom apartments
Pablo Fanque House, All Saints Green - 244 student study bedrooms
St Stephens Towers, St Stephens Street - 702 student study bedrooms
Terms / leaseExpressions of interest are now being sought from retailers, restaurant or pub operators in the ground floor, mezzanine & basement. All or part of the first floor can also be included, if required.
A new full repairing & insuring lease, incorporating an upwards only rent review at the end of the fifth year for a term to be agreed.
The quoting rent is £15.00 per sq ft for the ground floor (2,544 sq ft), £7.50 per sq ft for the mezzanine (588 sq ft) and £1.50 per sq ft for the basement (1,492 sq ft).
RatesAccording to the VOA website, the property has a Rateable Value of £96,000.
A3 Restaurants and Cafes
A4 Drinking Establishments
B1(a) Business - Offices