59-61 St. Stephens Street, Norwich, NR1 3QR

Location

The property is arranged over ground and first floor levels with a total net internal floor area of 4,711 sq ft. The unit is opposite Chantry Place Shopping Centre, whilst in close proximity to Iceland, Greggs, Specsavers, Poundland and WH Smith etc.

Norwich has a population of 170,000 persons and a regional catchment area of one million residents. In addition, approximately five million tourists visit Norwich annually.

The premises occupy a prime location on St Stephens Street that is one of Norwich's principal retail and bus thoroughfares.

The unit is arranged over ground and first floor levels having the following approximate net internal floor areas:

Ground Floor Sales 2,411 sq ft 224.1 sq m
First Floor Ancillary 2,300 sq ft 213.7 sq m

The shop is available by way of a new effectively full repairing and insuring lease for a term by agreement, subject to upward only rent reviews every fifth year.

The Valuation Office Agency website indicates that as from April 2023 the Rateable Value is £68,000. This is not the annual rates payable. The rates payable will depend on the occupier's circumstances and can be obtained from either Norwich City Council, or via www.gov.uk/correct­your­businessrates which includes a rates payable calculator.

There is an annual service charge. Further details are available on request.

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

Summary

Key points

Contact

Roche Chartered Surveyors
Tel: 01603 619876
Adrian Fennell
adrianf@rochecs.co.uk
www.rochesurveyors.co.uk

EPC