3a & 3b Corbet Avenue
Norwich
Norfolk
NR7 8HN

Freehold Retail Investment

  • Let to Co-operative Group Limited
  • Prominent roadside location close to Sprowston Retail Park
  • Nearby occupiers include Homebase, DFS and Harveys Furniture
  • Lot
    69
  • Auction
    13/Jul/2017
  • Rent
    £17,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £185,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Property Update
  • 3a & 3b Corbet Avenue<br>Norwich<br>Norfolk<br>NR7 8HN
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Property Information

Location
Miles
1.5 miles north-west of Norwich City Centre, 45 miles north of Ipswich, 63 miles north-east of Cambridge
Roads
A1042, A47, A11
Rail
Norwich Railway Station
Air
Norwich International Airport
Situation

Norwich is a popular Cathedral and University City in East Anglia. The suburb of Sprowston is located some 2 miles north-east of the City Centre just off the A1042, Norwich's outer ring road. The property is situated in a prominent corner location at the junction of Thornham Road and
Corbet Avenue. Sprowston Retail Park is located to the south-east and houses 13 retail units, with occupiers including Dunelm, Carpetright, Pets at Home, DFS and Harveys

Tenure

Freehold.

Description

The property, a single storey building, comprises ground floor retail accommodation and benefits from an extended frontage onto Thornham Road and Corbet Avenue providing three marked car parking spaces.

VAT

VAT is applicable to this lot.

Completion Period

Eight 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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
GroundRetail
45.43 sq m
(489 sq ft)
CO-OPERATIVE GROUP
LIMITED (1) t/a Peter Taylor
Funeral Service (2)
10 years from
29/05/2009
£17,00028/05/2019
Total
45.43 sq m
(489 sq ft)
  £17,000 

(1) For the year ending 2nd January 2016, Co-operative Group Limited reported a turnover of £9,301,000,000, pre-tax profits of £23,000,000 and a total net worth of £2,006,000,000 (Source: Experian Group 02/06/2017).
(2) Established in 1890, the Taylor business now operates from five branches (Source: www.petertaylorfuneralservice.co.uk 12/06/2017).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    06.07.17
    File Size
    5 MB
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  • Catalogue Page
    Updated Date
    21.06.17
    File Size
    556 KB
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  • Site Plan
    Updated Date
    21.06.17
    File Size
    777 KB
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  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
029 2046 4347
David Farmer 029 2047 7887davidfarmer@eversheds.com

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