A valuable high profile city centre office with established tenant paying a rent of £17,500 pa rising to £20,000 in 2026.

This ground floor lock-up office of 650 sq ft is let to Dean Cooke trading as Alexander & Co for a period of 6 years from 1 October 2023 with a tenant break at 3 years. The rent is currently £17,500 pa rising to £20,000 pa after 3 years. The tenant pays for the repair/maintenance through a service charge. The property is held under a 299 year lease from 1 January 2007 at a £50 pa ground rent subject to 21 year RPI reviews. Annual service charge - please refer to legal pack. The property is in excellent order and is situated on the fringe of the busy city centre shops and Market Place.

Tenure

Leasehold. 299 years from April 2007 Annual Ground Rent

Office

Main reception and back office with staff facilities and wc. 63.5 square meters

Business Rates

£11,500 from 1st April 2023

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Norwich City Council

Solicitors

Birketts (Norwich), Ref: Chris Hoxley, Tel: 01603 542661

Offered in association with

Francis Darrah

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.