Commercial property
For sale
42 Rose Lane, Norwich, Norfolk

Freehold
634 sq ft
Summary
City centre offices with parking
Description
The building provides self-contained office accommodation set over ground and first floors. There are two rooms on the ground floor and a further two on the first floor. In addition, there is a single WC on the ground floor and a kitchen and WC to the first floor. There is a shop window and entrance onto Rose Lane. To the rear are two parking spaces and a rear entrance.

The property has an electric powered central heating system with wall mounted radiators throughout.
Accommodation
The property provides a net internal floor area of:

Ground Floor - 310 sq ft
First Floor - 324 sq ft
Total - 634 sq ft (59 sq m)
Location
42 Rose Lane is a mid terrace office located on the north side of Rose Lane. The office is ideally located within easy walking distance of both Norwich Railway Station and the City centre.
Terms / lease
The property is let to DX Network Services Ltd on a full repair and insuring lease for 10 years from 8th March 2020 at an annual rent of £10,000 per annum. The lease is outside of the security of tenure provisions of the L&T 1954.

The tenants have a 5th year option to break the lease. There is also a 5th year upwards only rent review to open market.

The freehold interest in the property is available, subject to the existing lease above, for sale at £185,000 exclusive, which reflect a net initial yield of 5.35%.
Energy Performance Certificate
The rating is E with an asset rating of 112.
Uses
B1(a) Business - Offices
Done
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