The property comprises a ground floor, self-contained, modern retail unit within Norwich city centre in a prominent location. It provides flexible accommodation which could suit a number of retail or office uses.
The property is located in Norwich city centre on St Andrews Street, opposite the junction with Duke Street and Charing Cross, an established location for estate agents and other office and retail occupiers. It is close to the central retail core with its wide range of shopping, leisure and commercial facilities, in the middle of the Norwich University of the Arts campus and on the edge of the Norwich Lanes, a district renowned for its independent shopping, cafes and restaurants. Norwich's largest public car park (1,084 spaces) is nearby and Duke Street provides a swift link with the Inner Ring Road to the north.
The property currently has an Energy Performance Asset Rating of C (60). A full copy of the certificate is available upon request.
The accommodation is currently fitted out as a hair salon and provides a reception/waiting area, two salon areas, staff room/kitchen and WC. The total net internal floor area is 944 sq ft (87.7 sq m).
The property is available for retail or office use. Other uses may be considered.
The property is being offered for sale by way of transfer of our clients long-leasehold interest. The lease is for a term of 299 years from 1st January 2007 at rent of £50 pa. Our clients are seeking offers in the region of £220,000 plus VAT. Vacant possession will be provided on completion.
The Valuation Office Agency website indicates that the 2017 Rateable Value is £15,750. 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/correct-your-business-rates which includes a rates payable calculator.
There is a service charge payable for the costs associated with the maintenance and repair of common and external areas. The current service charge figure for the year 2021/22 is £1,241.
Each party is to be responsible for their own legal costs incurred in the transaction.
Strictly by appointment through the sole agents.
Roche Surveyors acting for London based investors have recently completed the letting of a 14,000 sq ft warehouse on Bessemer Way, Great Yarmouth. The warehouse has been occupied by a Norwich based house builder that will be utilising the property to assemble timer framed housing.
Sam Kingston of Roche comments “the lack of opportunities in Norwich led the tenant to seek accommodation in Great Yarmouth. The premises at Bessemer Way offered cost effective warehousing space at a time when there were various options in the market. However availability of space has now decreased in Great Yarmouth driving strong demand across the region”
Roche surveyors acting on behalf of private landowners have concluded the sale of 11 acres of residential land at Snettisham. The land was promoted through the planning system by Pigeon and once planning was obtained the site was openly marketed. There was a high level of interest leading to best bids with Bennett Homes purchasing the site.
Sam Kingston of Roche comments “The promotion of the land through the planning system, via Pigeon, has resulted in a premium price being paid for this residential site in the popular west Norfolk village of Snettisham. Several developers bid for the site with Bennett Homes securing the land”
Acting on behalf of Mileway, Roche have recently completed the lettings of Unit 4 and Unit 9 at the Guardian Road Industrial Estate in Norwich.
As a result of the lettings, the Guardian Road Industrial Estate is now fully occupied. Unit 4 extends to 2,444 sq ft and has been let to Soter Professional Services whilst Unit 9 is 3,025 sq ft and has been let to Hidden Botanicals.
Ben Common of Roche who acted for the landlord commented “Industrial units within this size range are in high demand. The short void period for these units and the rents achieved being in excess of £7.00 per sq ft demonstrates the continued strong appetite from businesses to occupy small industrial units across Norwich.’’
Roche are pleased to report they have taken on two more properties to manage for out of area clients.
Both properties are in the city centre and add to the extensive portfolio we manage.
The premises are multi let or in the process of being multi let by Roche. One property comprises just over 5,000 sq ft with a rent roll in excess of £60,000 pax and the other is a night club with adjacent premises of similar size and is partially occupied.
Jackie Crisp, Partner of the management department, says, ‘This is a great example of how we can provide a bespoke service for new clients and we look forward to proactively managing these properties and creating an efficient, well run package for our clients’
Roche Retail are pleased to announce that they have let 6 shops in Anglia Square Shopping Centre over the past 2 months. The launch of The Facility, a brand-new fitness studio, Bicycle Links, a bike shop and social enterprise, St Martins Housing, a local homeless charity store, Ernie’s Zero Waste Shop, a food and produce shop providing an environmentally sustainable solution to waste packaging, Sutton Toys, a local toys retailer and Handmade With Love, a bath bombs and soap retailer.
The lettings comprise a total of over 11,000 sq ft and were all in existing vacant units that means that Anglia Square is now virtually fully let. Adrian Fennell of Roche Retail that are the sole agents for Anglia Square reports that “the level of interest has been phenomenal since Easter and a number of the units could have been let twice over. Anglia Square has bucked the Covid trend which has also been down to being a very proactively managed centre offering a facility that the resident population are embracing”.
Anglia Square comprises a 340,000 sq ft shopping centre with multiple retailers including Iceland, Boots, Savers, Poundland, QD and Greggs. It also has a host of local retailers offering a strong range of services and products to the local community.
Acting for a private landlord, Roche have successfully completed the letting of the 2,466 sq ft self-contained period office building, Chalk Hill Cottage on Rosary Road.
The property dates back to 1842 and boasts a range of period features including original fireplaces, mouldings and sash windows with shutters.
Ben Common of Roche acted for the Landlord and commented, “Chalk Hill Cottage presented an excellent opportunity for an occupier to relocate to a self-contained period building of real character with its own parking. We were pleased to have achieved a letting of the property in its entirety, which shows the continuing demand for self-contained buildings and the resilience of the Norwich office market”
Acting on behalf of the fixed charge receivers Roche have concluded the sale of the historic Brandon House Hotel. The property comprised the main 17-bed Georgian building together with an adjacent property which provided a further 6 letting rooms. Both were sold to a local hotelier keen to expand their portfolio in area.
The sale was the last of a receivership portfolio of similar properties for which Roche were the selling agents. Graham Jones of Roche who acted for the vendors commented: “there has arguably never been a more difficult market in which to sell hotel properties, so it was a real testament to the hard work of all those involved in the transaction to get this across the line and great for the local economy to see the hotel use being retained”.
The former Green Britain Centre in Swaffham has recently been sold on behalf of Breckland Council. The offices, which extend to 22,240 sq ft, have been acquired by Arbotec, a Kings Lynn based business.
Sam Kingston commented “This is an iconic office, with close links to renewable energy and the highly visible wind turbine. To sell to an owner occupier who will bring new employment opportunities to Swaffham is fantastic for the town and the surrounding area and with the additional land there is opportunity for further properties to be built”
Acting on behalf of Briar Chemicals, Roche have recently sold 7 acres of development land, to be used by Amazon for van parking. The land was sold to Dencora, who are developing the site for Amazon’s occupation. The sale leaves only 1 acre remaining of a 25 acre development site, with other occupiers at Briar Park including: Wickes, Viking Self Storage and Evans Halshaw.
Sam Kingston, of Roche, commented “ Briar Park which sits adjacent to the outer ring road is close to being fully developed. The proximity to Amazon’s warehouse made the site a logical location for the required van parking. There is now a shortage of suitable edge of city development opportunities, taking account of the strong demand”.
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” .