*Guide | £425,000 - £450,000 (plus fees)
- Light Industrial
- Tenure: Freehold
Call the team on 01603 505 100 for more information
A double bay, concrete framed warehouse currently trading as Crew Fitness producing a passing rent of £36,000 rising to £44,000 per annum in December 2027
The property comprises a detached, double bay, concrete framed warehouse currently trading as Crew Fitness. The building is of predominantly brick construction, with a plastic coated clad frontage incorporating double glazed windows, a personnel entrance and a roller shutter loading door. A pitched roof covers the building and onsite parking is provided to the front, the building has a total floor area approaching 5,000 sq ft. Internally, the accommodation is fitted out as a gym and includes male and female WC facilities together with a first floor office. The lease is a full repairing and insuring (FRI) lease. The passing rent is £36.000 per annum rising to £44,000 per annum from the 2nd December 2027.
Tenure
Freehold
Accommodation
Warehouse 4129 sq ft (384 sq m) 1st floor 844 sq ft (78 sq m) Total 4,973 sq ft (462 sq m)
Planning
The property is currently used as a gym, but could be provide for a number of alternative uses in E class, along with B2 and B8 uses.
Lease details
The premises are currently let to Exhale Fitness Ltd, for 10 years, expiring 1st December 2032. There are tenant only breaks on 2nd December 2027 and 2030.
Business Rates
Current: 4 August 2023 to present £20,250 Future: from 1 April 2026 £22,250
VAT
VAT is 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
Peter Colby Commercials Ltd, Ref: Sarah Garlish, Tel: 01603253313
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
