Opposite Victoria Shopping Arcade and close to Market Gates Shopping Centre
Adjacent to King Street Car Park, the town centre’s largest car park
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 90
Auction 19th May 2016
Rent £11,260 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
19 miles east of Norwich, 74 miles north of Colchester
Roads
A12, A47, A143
Rail
Great Yarmouth Rail
Air
Norwich International Airport
Situation
The property is located on the western side of Howard Street, close to its junction with Regent Street. Victoria Arcade, an indoor boutique style shopping centre, is located directly opposite the property with King Street Car Park, the town centre's largest car park, adjacent. Within a short walk is the prime pedestrianised shopping thoroughfare of Market Place, home to Market Gates Shopping Centre, which houses retailers including Boots the Chemist, Topshop, JD Sports and Game.
Tenure
Virtual Freehold. Held on two separate titles for terms of 999 years from 12th January 2005 and 12th January 2006 at a peppercorn rent.
Location
Miles
19 miles east of Norwich, 74 miles north of Colchester
Roads
A12, A47, A143
Rail
Great Yarmouth Rail
Air
Norwich International Airport
Situation
The property is located on the western side of Howard Street, close to its junction with Regent Street. Victoria Arcade, an indoor boutique style shopping centre, is located directly opposite the property with King Street Car Park, the town centre's largest car park, adjacent. Within a short walk is the prime pedestrianised shopping thoroughfare of Market Place, home to Market Gates Shopping Centre, which houses retailers including Boots the Chemist, Topshop, JD Sports and Game.
Tenure
Virtual Freehold. Held on two separate titles for terms of 999 years from 12th January 2005 and 12th January 2006 at a peppercorn rent.
Description
The property comprises three ground floor retail units, which form part of a larger building.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises three ground floor retail units, which form part of a larger building.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
1
Ground
Coffee Shop
32.20 sq m
(347 sq ft)
WESTWICK COFFEE SHOPS LTD (WITH PERSONAL GUARANTEE)
5 years from 24/12/2008
£5,760 (1)
23/12/2013 (2)
2/3
Ground
Hairdressing Salon
75.40 sq m
(812 sq ft)
INDIVIDUAL t/a Gossip Hairdressers (WITH PERSONAL GUARANTEE)
23 years from 29/09/1991
£5,760
28/09/2014 (2)
4
Ground
Retail
54.30 sq m
(584 sq ft)
VACANT POSSESSION
Total Commercial Area
164.90 sq m
(1,775 sq ft)
£11,520
(1) The contractual rent is £7,500 pa, the tenant is currently paying a concessionary rent. (2) The tenant is holding over.