Retail/Office Building 183.94 M2 (1,980SqFt)

CITY CENTRE BUILDING EXTENSIVE REBUILD 1991 POTENTIAL FOR OFFICE, RETAIL, RESTAURANT OR BAR SUBJECT TO CONSENT FREEHOLD OR LEASEHOLD

27 Prince Of Wales Road, Norwich, NR1 1BG

The subject property comprises an open plan retail unit currently occupied by Service Point with lower ground floor offices. Prince of Wales Road is a busy vehicular and pedestrian thoroughfare within Norwich city centre linking the main retail area with the railway station. The area is popular with a number of night life uses and other occupiers including Gilson Bailey, Bar and Beyond, Handelsbanken and Tesco Express.

Retail

For Sale/To Let

Note: Arnolds for themselves and for the vendors or lessees of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of, an offer or contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchaser or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of Arnolds has any authority to make or give any representation or warranty whatever in relation to this property.

Description The subject property comprises a mid terraced building with ground floor sales area, lower ground floor offices and first floor hair salon. The building was extensively refurbished in the early 1990s to provide a rear extension with attractive south facing glazing. The ground floor provides an open plan retailing area with a display frontage to the street and attractive windows to the rear. The lower ground floor provides office accommodation of a reasonable specification with suspended ceiling, plastered and painted walls, WC facilities and a kitchenette. On the first and second floors is a self contained hairdressing salon which was let until the end of July 2016, the tenant is holding over. Externally to the rear is a brickweave car park providing five car spaces.

Accommodation We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate net internal floor area: Floor Description Sq M Sq Ft Ground Floor Sales 74.31 800 Lower Ground Floor

Office 58.72 632

WC -- -- First Floor Offices 38.85 418 Storage 1.08 12 Second Floor Storage 10.99 118 TOTAL NIA 183.95 1,980

Externally there are five car park spaces. Terms - Freehold The freehold interest in the property is available for sale at £305,000 exclusive. Terms - Leasehold The ground and lower ground floors are available to let on an effective full repairing lease for a term to be agreed at an initial rent of £23,000 per annum exclusive.

Business Rates The property has been entered onto the Valuation Office Agency website as the following: Description: Office and Premises Rateable Value: £ 4,300 Rates Payable 2017/2018: £ 10,718 Description: Shop and Premises Rateable Value: £23,000 Rates Payable 2017/2018: £10,718

Legal Costs The ingoing tenant will be responsible for both parties' reasonably incurred legal fees. If purchased, the seller and buyer will bear their own costs.

VAT Our client reserves the right to charge VAT in line with current legislation.

EPC The property has EPC rating:- G.

Viewing and further information Strictly by appointment with the sole agent: Arnolds Keys 01603 620551 Guy Gowing Guy.gowing@arnoldskeys.com Jordan Marshall Jordan.marshall@arnoldskeys.com SUBJECT TO CONTRACT - GWBG/23017/120/1

27 Prince Of Wales Road, Norwich, NR1 1BG