18 Meridian Way, Meridian Park, Norwich, Norfolk, NR7 0TA

Property specification

• Lease with no breaks until January 2033
• Two upwards only rent reviews
• Annual rent at £79,500 / £17.53 psf
• Visible position on popular park
• A-rated EPC

The property is situated at the eastern end of the park, adjacent to Audi and with frontage to the A1042.
It provides a mix of open plan and separate offices fitted out to an exceptionally high standard to the following specification:

- Air Conditioning
- Carpeted raised floors
- Suspended ceilings with recessed LED lighting
- Kitchen / break out area

Accommodation

The following net internal areas are provided:

Ground floor - 2,193 sq ft (204 sq m)
First floor - 2,342 sq ft (217 sq m)
Total - 4,535 sq ft (421 sq m)

23 on-site car spaces which is a ratio of 1:197 sq ft.

Lease terms

A freehold sale by way of a Transfer of Going Concern is available.

The quoting price is £900,000, which is a Net Initial Yield of 8.44% assuming purchaser's costs at of 4.63%.

This is per sq ft rate of £198 psf.

Rates

According to the VOA website, the property has an RV of £68,000.

Legal costs

Each party to be responsible for their own legal costs incurred in the transaction.

Energy perfomance certificate

The property has an asset rating of A25, valid until 26th July 2032.

VAT

The property is elected for VAT