Retail property (high street) for sale
Property description & features
- Prominent position within Norwich's Golden Triangle
- Redevelopment potential
- Suitable for a variety of uses s.t.p
- To be sold with vacant possession
168 Unthank Road/2 Bury Street comprises a ground floor, lock-up shop and first floor storage.
The ground floor shop comprises an open-plan sales area with a rear store and WC.
The first floor, previously a 2 bedroom flat, provides additional storage. It is accessed via an external staircase to the rear of the property.
Externally, there is a forecourt to the front of the property.
The property is located on Unthank Road, a popular shopping/restaurant location within Norwich's 'Golden Triangle'. Just two miles from the city centre, the street is characterised by a combination of popular independent shops/food outlets and larger chain occupiers such as Tesco Express, Adnams, Café Nero, William H Brown and Co-Op Daily
The property provides the following net internal floor area.
Description sq m sq ft
Ground floor shop 59.5 641
First floor storage 43.8 472
Total NIA 103.3 1,112
Business rates will be the responsibility of the occupier. The premises have the following assessment:-
Description Shop and Premises
Rateable Value £9,500
Rates payable for 2023/2024 £0*
* Interested parties may wish to know that qualifying occupiers
may be entitled to full rates relief on properties with a rateable value of less than £12,000.
We have not carried out tests on any of the services or appliances and interested parties should arrange their own tests to ensure these are in working order.
Strictly by appointment with the sole selling agent:-
It is understood that VAT is not applicable.
Each party will be responsible for their own legal costs incurred in documenting the sale.
Lease Terms
The property is currently occupied by Anglian Convenience Stores Limited on a 15 year lease commencing 1st October 2003. The initial rent was £11,000 per annum which was increased on the 1st October 2013 to £12,125 per annum. The lease has expired and the tenant is now holding over, with notice served to terminate the lease in August 2024. The property will therefore be sold with vacant possession.
Prominent position within Norwich's Golden Triangle
Redevelopment potential
Suitable for a variety of uses s.t.p
To be sold with vacant possession
Property information from this agent
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