33 Orford Place Norwich NR1 3QA

33 Orford Place
Norwich
NR1 3QA

Freehold Retail/Restaurant Investment

  • Let to Millennium Trading Limited until 2031 (no breaks)
  • Excellent City Centre location adjacent to Primark and between Haymarket and Castle Mall Shopping Centre
  • Nearby occupiers include Marks & Spencer, Debenhams, Nando’s and Pizza Hut
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    45
  • Auction
    10th December 2015
  • Rent
    £65,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Restaurant
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail/Restaurant Investment

  • Let to Millennium Trading Limited until 2031 (no breaks)
  • Excellent City Centre location adjacent to Primark and between Haymarket and Castle Mall Shopping Centre
  • Nearby occupiers include Marks & Spencer, Debenhams, Nando’s and Pizza Hut
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 45
  • Auction 10th December 2015
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Restaurant
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles west of Great Yarmouth, 42 miles north of Ipswich
Roads
A11, A140, A147
Rail
Norwich Railway Station
Air
Norwich International
Situation

The property is situated in a prominent location on the western side of Orford Place, to the south of Castle Meadow and north of Red Lion Street, between Haymarket, Norwich’s principal retailing
thoroughfare and Castle Mall Shopping Centre. The property is located adjacent to Primark, with other nearby occupiers including Marks & Spencer, Debenhams, Top Shop, Next and restaurants including Bella Italia, Nando’s and Pizza Hut.

Tenure

Freehold.

Location
Miles
12 miles west of Great Yarmouth, 42 miles north of Ipswich
Roads
A11, A140, A147
Rail
Norwich Railway Station
Air
Norwich International
Situation

The property is situated in a prominent location on the western side of Orford Place, to the south of Castle Meadow and north of Red Lion Street, between Haymarket, Norwich’s principal retailing
thoroughfare and Castle Mall Shopping Centre. The property is located adjacent to Primark, with other nearby occupiers including Marks & Spencer, Debenhams, Top Shop, Next and restaurants including Bella Italia, Nando’s and Pizza Hut.

Tenure

Freehold.

Description

The property comprises a restaurant on the ground and first floors with ancillary accommodation on the basement and second floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a restaurant on the ground and first floors with ancillary accommodation on the basement and second floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reviews
Ground
Basement
First
Second
Restaurant/Ancillary
Ancillary
Restaurant/Ancillary
Ancillary
49.10 sq m
39.40 sq m
47.70 sq m
48.70 sq m
(529 sq ft)
(424 sq ft)
(513 sq ft)
(524 sq ft)
MILLENNIUM
TRADING
LIMITED (1) (t/a
Wox Noodle Bar)
25 years from 09/11/2006
until 08/11/2031 on a full
repairing and insuring
lease
£65,500 09/11/2016
and five
yearly
thereafter
Total Commercial Area
184.90 sq m
(1,990 sq ft)
    £65,500  

(1) Wox Noodle Bar is a trading name within Noodle Oodle Group, with other trading names in the group including Chopstix, Noodle Box, Wok in a Box and Noodle Stop. The Group operate from about 60 sites in the UK (www.chopstix.com). The tenant has traded in this location for over 9 years.

Property Documents

  • Catalogue Page
    Updated Date
    18.11.15
    File Size
    521 KB
    View PDF
  • Site Plan
    Updated Date
    18.11.15
    File Size
    65 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Edwards Duthie Bank House, 269-275 Cranbrook Road
Ilford
Essex
IG1 4TG
Michael Bonehill 020 8514 9000michael.bonehill@edwardsduthie.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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