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For Sale

Rose Lane, Norwich, Norfolk, NR1, £185000 - 185000 (For Sale)

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For Sale

Rose Lane, Norwich, Norfolk, NR1

Freehold

634 sq ft

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City centre offices with parking

Property specification

  • Prominent, centrally located building
  • 2 on-site car parking spaces
  • Close to Norwich Railway station
  • 10-year lease to DX Services
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)

Lease terms

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 perfomance certificate

The rating is E with an asset rating of 112.

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.

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.

Train Stations
  • Norwich 0.50km
  • Brundall 7.94km
  • Salhouse 7.98km
  • Brundall 9.40km

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