RocheRoche

Back to results

Kirkham House, 5 Whiffler Road

Norwich, Norfolk, NR3 2AG

9,110 - 11,000 sqft

Description

Kirkham House, 5 Whiffler Road is a multi-let office which has recently been refurbished. The property is a portal frame premises with brick cladding to the elevations below a pitched roof. There is ground and first floor accommodation with access from Whiffler and Drayton Road and the individual offices have been recarpted, redecorated and upgraded to provide comfort cooling and UPVC double glazing. Within close proximity are a number of leisure and retail occupiers including Mercure Norwich, David Lloyd Fitness, Asda, Marks & Spencer, Ikea and Car Phone Warehouse.

Location

The premises are located on Whiffler Road, adjacent to Drayton Road, one of the principal arterial roads leading from Norwich city centre. Norwich city centre is approximately 2 miles to the south east and occupiers in the vicinity include The Card Shop, Duff Morgan and Busseys.

Accommodation Description

Ground Floor (inc storage and reception) 11 suites 3,934 sq ft
First Floor 21 suties 5,181 sq ft
Total 32 suites 9,115 sq ft

Terms

The property is held on a 999 year lease from 24 November 1999 at an annual rent of £10 per annum.

The property is let to a number of tenants on varying lease terms from one month to 12 months and the gross income is £45,660 per annum. The income is flexible and the vacant accommodation could provide an additional £114,000 per annum (gross), giving a total rent of £159,660 (gross).

The present licensees have an all-inclusive rent covering rent, service charge and electricity.

The potential net income once all costs have been paid, and subject to the premises being fully let, is £110,000 per annum providing a return in excess of 13%.

Alternatively the property can be made available with vacant possession.

The long leasehold interest is offered at £750,000, plus VAT which provides a low capital value of £86.92 psf across the net internal area.

Rates

The property has a number of rating assessments, with individual rooms having their own assessment.

Viewing and further information

Contact: Sam Kingston
Tel: 01603 756333
Email: sam.kingston@rochesurveyors.co.uk

Who to contact

Sam Kingston

Roche Chartered Surveyors

01603 756333
07796 262472
sam.kingston@rochesurveyors.co.uk

News and Press

I'm interested in learning more about:




    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Norwich warehouse letting
    April 2021

    Norwich warehouse letting

    Acting on behalf of Schroders, Roche have recently completed the letting of 5 Twickenham Road, Norwich.

    The property is part of the popular Union Park industrial estate and had recently been refurbished, with work only just finishing before the letting completed. The warehouse extended to 10,441 sq ft and has been let to a local storage company.

    Sam Kingston of Roche commented “The property had only just been refurbished and a number of parties were showing interest in the site. The lack of available warehousing is such that occupiers have limited opportunities at the present time and this has led to a hardening of rents. Now is the time for new warehousing to be constructed” .

    Lenwade industrial sale
    March 2021

    Lenwade industrial sale

    Acting on behalf of a private landlord Roche have secured the sale of a warehouse/industrial unit on Norwich Road, to Broadland Radiators.

    The property, a 2 storey workshop  with associated storage and office accommodation to the front elevation, has a total floor are of 11,455 sq ft and a secure yard and was previously used for retail and warehouse use.

    Sam Kingston of Roche, acting for the landlord commented “the sale has allowed the landlord to reinvest the proceeds into a new Norwich city centre shop, where their business can benefit from enhanced investment in a new retail experience”. Although the property was suited to use as a workshop the buyers will be using it for engineering and workshop uses and the purchase shows the continued strength of the warehouse market.

    Dereham residential land sale
    February 2021

    Dereham residential land sale

    Acting on behalf of a private owner Roche have successfully concluded the sale of residential land in Dereham to Flagship Group.

    The land is located at the edge of Dereham town centre, off South Green, and consists of a 2.29 acre brownfield site (formerly occupied by Crane Fruehauf). Having obtained outlined consent for residential development the land was marketed accordingly and having attracted a number of enquiries terms were agreed with Flagship on a subject to detailed planning basis. Flagship subsequently secured planning consent for 39 dwellings.

    Graham Jones of Roche, who acted as the vendors agent in the sale, comments: “this was an important regeneration site in Dereham, having previously been occupied by one of the town’s principal employers. To achieve a good sale to a local housing association for the delivery of some much-needed affordable housing was an excellent outcome.”

    First significant office letting in 2021
    February 2021

    First significant office letting in 2021

    Acting on behalf of Aegon Asset Management, Roche have secured the letting of part of the prestigious office building Yare House, Thorpe Road, Norwich, to Towergate Insurance.

    Yare House is a multi-let office building, with the specific suite being the third floor which comprises 7,131 sq ft of high-specification, open plan office accommodation. The space has recently been vacated and was new to the market.

    The property was let to Towergate Insurance who were relocating from other office space in Norwich City Centre.

    Sam Kingston of Roche acted for Aegon in the transaction and commented: “Yare House is one of Norwich’s pre-eminent city centre Grade A office buildings with good access to the train station. This is the first major office letting of 2021 and reassures us that the regional office market remains strong and that occupiers will want to retain a presence in Norwich. The pandemic has changed the way offices are used, but there will be a requirement for collaborative space in the future”.

    Hotel sale during lockdown
    January 2021

    Hotel sale during lockdown

    Acting on behalf of the fixed charge receivers, Roche managed to secure the sale of the vacant freehold Stracey Hotel in Norwich just prior to Christmas.

    The sale was the first of a portfolio of four properties offered for sale on behalf of the same client following the collapse of the previous operator.

    The property comprises a large, 20-bed Victorian hotel which was comprehensively refurbished in 2009. Trading ceased early 2020, not long before the country entered its first national lockdown. Graham Jones of Roche, who dealt with sale, commented: “marketing a property for sale during a pandemic was never going to be easy, especially a property in a sector (hotels and leisure) which has arguably been the most severely impacted. However, after a suitable marketing period we were encouraged by the interest received and the determination shown by some to invest for the future. We were pleased to conclude a sale quickly to a local operator, which demonstrated the confidence shown in Norwich as a resilient location.”

    The remaining three properties are all under offer.

    Sale of development land
    October 2020

    Sale of development land

    Acting on behalf of Peter Colby Commercials, Roche have secured the sale of 2.2 acres of land at Mousehold Lane, for the development of a care home with assisted living.

    The development land, which fronts the outer ring road, has been vacant for a number of years. Planning was approved in 2019 for the erection of a 79-bed residential care home with 42 supported living apartments.  The property was sold to Boudica Developments Ltd.

    Sam Kingston of Roche commented “There was a flurry of interest in 2020, which assisted with the sale. The site has been vacant for several years and redevelopment of this former Start Rite factory is good for Norwich and the location”.

    Letting of prestigious office building
    March 2020

    Letting of prestigious office building

    Acting on behalf of long-standing client Breckland District Council, Roche have secured the letting of the prestigious office building Roman House on Turbine Way in Swaffham to local travel company One Traveller Ltd.

    The property comprises 8,760 sq ft of high-specification, energy-efficient office space originally purpose-built as a regional office for a construction firm.

    The property was let to award-winning travel agency One Traveller to satisfy their expansion requirements and help secure their presence in the town for the longer term.

    Graham Jones of Roche acted for Breckland in the transaction and commented: “Roman House presented a rare opportunity for a fledgling business to occupy a quality headquarters-type building. The fact the transaction led to an important employer being able to stay in the town to expand the business made the deal all the more satisfying for all parties.”

    Norwich Airport – Hangar and land Acquisition for EAAA
    March 2020

    Norwich Airport – Hangar and land Acquisition for EAAA

    Acting for East Anglian Air Ambulance, Roche have recently acquired an extra 1-acre of development land and a 10,525 sq ft hangar at Norwich International Airport. The acquisition by EAAA allows the charity to expand their operation and to have the offices, engineering and medical services under one roof. A new facility is now under construction. The purchase gives ownership certainty to the Charity and will provide a new state of the art facility, with improved efficiency.

    Sam Kingston of Roche said” it was a pleasure acting for EAAA in the acquisition of this property from Norwich Airport. The purchase of a property with direct access to the airport was important for the charity and Norwich Airport were keen to help this important regional charity in their ownership goals”.

    Roche appointed as property advisors by leading independent Opticians
    March 2020

    Roche appointed as property advisors by leading independent Opticians

    Roche have been appointed by long-established regional opticians Cecil Amey to advise on their property portfolio, with services including acquisitions, disposals, rent reviews and lease renewals.

    To date instructions have included the acquisition of a new practice in Aylsham, the disposal of a former practice (due to relocation) in Wymondham and rent reviews and lease renewals of three other practices.

    Graham Jones of Roche, who acts for Cecil Amey comments: “we are delighted that such a well-respected and important regional company has put their trust in us to advise and support them in their property dealings so they can concentrate on their day-to-day business. Dealing with market town retail property can be quite challenging in the current climate and we pride ourselves in being able to provide cost-effective property solutions.”

    Bedford – Office Investment sale
    March 2020

    Bedford – Office Investment sale

    Acting on behalf of a regional property investment company, Roche have recently sold an office investment in Bedford. The office is occupied by Capita and has been acquired by an occupier on the same Business Park that aims, eventually, to move into the 10,000 sq ft office. The short-term nature of the lease was a contributing factor to the acquisition, allowing the local business time to grow and move to new premises. The property sold for £1,150,000, which equates to a 10% yield.

    Sam Kingston of Roche says “The office at Franklin Court, Bedford, was the last asset held by our clients, as the rest of the portfolio was sold in 2018. The sale, off market, to a local occupier indicates that correctly priced assets remain of interest to owner occupiers. Kirby Diamond acted for the buyer.”