Norwich is the principal city of East Anglia and lies approximately 120 miles north-east of London and some 45 miles north of Ipswich. The premises are situated at the junction of Westlegate and St Stephen's Street opposite Marks & Spencer and close to Sainsbury's Local, Superdrug and New Look.
£27,500 per annum, exclusive of business rates and VAT payable quarterly in advance and subject to 5 yearly reviews.
The premises are available on a new effectively full repairing lease for a term of years to be agreed.
The Valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:
RV 2017 £26,000
UBR 2019/20 49.1p
The property benefits from a one-third rates reduction in 2019/20 and 2020/21 but interested parties are advised to check the rates payable with Norwich City Council (01603 212898).
Each party is to be responsible for their own legal costs incurred in the transaction.
The premises are arranged on ground and first floor with the following approximate dimensions and areas.
Frontage 25 ft 6 in 7.78 m
Shop Depth 23 ft 7 in 7.20 m
Ground Floor Sales 380 sq ft 35.3 sq m
Ground floor ancillary 145 sq ft 13.5 sq m
First Floor 238 sq ft 22.1 sq m
The unit has WC and kitchenette facilities on the first floor.
The property has an energy rating D (85). Full report available on request.