Substantial city centre vacant commercial building extending to around 5,410 sq/ft

This prominent three storey freehold office building extends to around 5,410 sq/ft. The ground floor provides two self contained office/retail units and the first and second floor provides primarily open plan office accommodation accessed from a separate ground floor entrance. The property benefits from suspended ceilings incorporating Cat 2 lighting, security alarm and air conditioning to part, internal lift (not currently in use), ground, first and second floor toilet facilities and disabled wc. The upper two floors offer potential to convert to residential subject to the necessary consents.

Tenure

Freehold

Description

The property is arranged over ground, first and second floor with a total net internal floor area of 5,423 sq ft (410.9 sq m) Ground Floor Office 1,000 sq ft (92.9 sq m) Ground Floor Retail 987 sq ft (91.7 sq m) First Floor Office 1,675 sq ft (155.6 sq m) Second Floor Office 1,748 sq ft (162.4 sq m)

Location

The property is located on Prince of Wales Road, which is the main thoroughfare from the city centre and Tombland to the Riverside complex and train station. The area is a mixture of bars, offices, and residential accommodation and within easy walking distance to the main shopping areas of Chantry Place and Castle Quarter.

Rates

The Valuation Office Agency website indicates that as from April 2023 the property have the following Rateable Values. Ground Floor Retail £24,750 Ground and First Floor Offices £27,250 Second Floor Offices £22,000 These are not the annual rate payable. The rates payable will depend on the occupier's circumstances and can be obtained from www.gov.uk/correct-your-business-rates which includes a rates payable calculator.

Value Added Tax (VAT)

Please note VAT will be applicable to this lot

Energy Efficiency Rating (EPC)

Current Rating D

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

AK Law, 15 Spring Bridge Mews, Ref: Rezan Kaya, Tel: 02038298833

Additional Fees

Buyer's Premium - £960 inc VAT payable on exchange of contracts.

Administration Charge - £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.