Norwich | NR1 3QN 23/29 St Stephens Street SHOP(S) TO LET … · 2019. 7. 21. · Retail 01603...
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Retail 01603 619876 www.rochesurveyors.co.uk Norwich | NR1 3QN SHOP(S) TO LET Subject to vacant possession Location Norwich has a population of 170,000 persons and a regional catchment area of one million residents. In addition approximately five million tourists visit Norwich annually. Norwich is currently ranked as the 2nd Hottest Retail Location in the UK (CACI 2015). is one of Norwich’s principal retail and bus thoroughfares. The property is adjacent to WH Smith and Norwich’s principal Post Office and in the same parade as Yours Clothing, Sainsbury’s, CEX and Iceland. Accommodation The property comprises a BHS store arranged over 2 levels: Ground Floor 28,332 sq ft 2,632.1 sq m First Floor 16,854 sq ft 1,565.8 sq m Total 45,186 sq ft 4,197.9 sq m Alternatively the property can be divided into a number of configurations offering the following potential opportunities: 1. Ground Floor Retail 9,040 sq ft 839.8 sq m 2. Ground Floor Retail 25,000 sq ft 2,322.6 sq m 3. First Floor Retail/Leisure 16,854 sq ft 1,565.8 sq m (with dedicated entrance) 4. Ground Floor Retail 15,140 sq ft 1,406.5 sq m First Floor Retail 16,854 sq ft 1,565.8 sq m In addition there are a number of other options; further details are available upon request. Tenure The shop unit(s) are available by way of new effectively full repairing and insuring leases, for a term to be agreed, subject to an upward only rent review every fifth year. Rent On application. Timing The property is currently occupied by Primark and will be available for occupation in 2020. Rates The Valuation Office Agency website indicates that the 2017 Rateable Value is £400,000. This is not the annual rates payable. The rates payable will depend on the occupier’s circumstances and can be obtained from either Norwich City Council (Business Rates: 0344 980 3333), or via www.gov.uk/correct-your-business-rates which includes a rates payable calculator. Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction. Plant and Equipment None of the systems or equipment in the property have been tested by us to ensure that they are in working order. Prospective tenants may wish to make their own investigations. Energy Performance Certificate (EPC) The property currently has an Energy Performance Asset Rating of D(76). A full copy of the certificate is available upon request. Viewing Strictly by appointment through the sole letting agents: Roche Retail: Contact: Adrian Fennell Tel: 01603 756334 Email: [email protected] SUBJECT TO CONTRACT You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions or through the website www.commercialleasecode.co.uk 23/29 St Stephens Street The premises occupy a prime location on St Stephens Street that
Transcript of Norwich | NR1 3QN 23/29 St Stephens Street SHOP(S) TO LET … · 2019. 7. 21. · Retail 01603...
Retail 01603 619876www.rochesurveyors.co.uk
Norwich | NR1 3QN
SHOP(S) TO LET Subject to vacant possession LocationNorwich has a population of 170,000 persons and a regional catchment area of one million residents. In addition approximately five million tourists visit Norwich annually.Norwich is currently ranked as the 2nd Hottest Retail Location in the UK (CACI 2015).
is one of Norwich’s principal retail and bus thoroughfares. The property is adjacent to WH Smith and Norwich’s principal Post Office and in the same parade as Yours Clothing, Sainsbury’s, CEX and Iceland.
Accommodation The property comprises a BHS store arranged over 2 levels:
Ground Floor 28,332 sq ft 2,632.1 sq m First Floor 16,854 sq ft 1,565.8 sq mTotal 45,186 sq ft 4,197.9 sq m
Alternatively the property can be divided into a number of configurations offering the following potential opportunities:
1. Ground Floor Retail 9,040 sq ft 839.8 sq m
2. Ground Floor Retail 25,000 sq ft 2,322.6 sq m
3. First Floor Retail/Leisure 16,854 sq ft 1,565.8 sq m (with dedicated entrance)
4. Ground Floor Retail 15,140 sq ft 1,406.5 sq m First Floor Retail 16,854 sq ft 1,565.8 sq m
In addition there are a number of other options; further details are available upon request.
Tenure The shop unit(s) are available by way of new effectively full repairing and insuring leases, for a term to be agreed, subject to an upward only rent review every fifth year.
RentOn application.
TimingThe property is currently occupied by Primark and will be available for occupation in 2020.
RatesThe Valuation Office Agency website indicates that the 2017 Rateable Value is £400,000. This is not the annual rates payable.
The rates payable will depend on the occupier’s circumstances and can be obtained from either Norwich City Council (Business Rates: 0344 980 3333), or via www.gov.uk/correct-your-business-rates which includes a rates payable calculator.
Legal CostsEach party is to be responsible for their own legal costs incurred in the transaction.
Plant and EquipmentNone of the systems or equipment in the property have been tested by us to ensure that they are in working order. Prospective tenants may wish to make their own investigations.
Energy Performance Certificate (EPC)The property currently has an Energy Performance Asset Rating of D(76). A full copy of the certificate is available upon request.
ViewingStrictly by appointment through the sole letting agents:Roche Retail:Contact: Adrian FennellTel: 01603 756334Email: [email protected]
SUBJECT TO CONTRACTYou should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions or through the website www.commercialleasecode.co.uk
23/29 St Stephens Street
The premises occupy a prime location on St Stephens Street that
Norwich | NR1 3QN23/29 St Stephen’s Street
IMPORTANT NOTICERoche Chartered Surveyors for themselves and for the Vendors or Lessors of this property, whose agents they are, give notice that:a) The particulars are set out as a general outline only for the guidance of intending purchasers or tenants and do not constitute, nor constitute a part of, an offer or a contract.b) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers
or tenants 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.c) No person in the employment of Roche Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property.
50 metres
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