Prominent roadside location close to Sprowston Retail Park
Nearby occupiers include Homebase, DFS and Harveys Furniture
Lot 69
Auction 13th July 2017
Rent £17,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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
Reversion
Ground
Retail
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
£17,000
28/05/2019
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).