St. Stephens Street, Norwich, Norfolk, NR1 3QJ

The premises are located on St Stephens Street, one of Norwich's principal thoroughfares in the city

• Overview

  centre.

• Property specification

  • - Prime Location
  • - Available on new lease
  • - Nearby occupants include Marks and Spencer's ad John Lewis

• Description

  The premises are located on St Stephens Street, one of Norwich's principal thoroughfares in the city centre. The area benefits from high pedestrian footfall, supported by numerous nearby bus stops. The Shop is located opposite Marks and Spencer's and adjacent to Westlegate leading towards John Lewis. The property is situated just a 2-minute walk from Chantry Place Shopping Centre

• Accommodation

  The premises are arranged on ground floor, first floor and office with the following approximate areas:
  
  Ground Floor 501.8 sq. ft (46.6 sqm)
  First Floor 536.2 sq. ft (49.8 sqm)
  First Floor Office 86.8 sq. ft (8.1 sqm)
  Total 1124.8 sq. ft (104.5 sqm)
  
  There are WC facilities on the first floor

• Lease terms

  The property is available on a new effectively full repairing and insuring lease outside the Landlord & Tenant Act 1954 for a term of years to be agreed.

• Rates

  The Valuation Office Agency 2023 assessment on their
  website (www.voa.gov.uk) is as follows:
  
  Rateable Value 2023 £19,750 Interested parties are
  advised to make their own enquiries of the City Council.

• Legal costs

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

• Energy perfomance certificate

  The property currently has an energy rating D(79). Full details available on request.

• VAT

  The property is elected for VAT

• Rentals

  £23,500 per annum exclusive of business rates and VAT payable quarterly in advance and subject to 5 yearly upward only rent reviews.