Hellesdon Park Road Hellesdon Norwich Norfolk NR6 5DR

Hellesdon Park Road
Hellesdon
Norwich
Norfolk
NR6 5DR

Freehold Industrial Investment

  • Entirely let to Norfolk Community Health & Care NHS until 2026 (1)
  • 24.28 sq m (8,872 sq ft) on a a site of 0.17 hectares (0.42 acres)
  • 13 car parking spaces
  • VAT-free investment
  • Lot
    2
  • Auction
    5th December 2018
  • Rent
    £50,000 per Annum
  • Status
    Sold
  • Price
    £710,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
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* More information on the term "guide" can be found here

Freehold Industrial Investment

  • Entirely let to Norfolk Community Health & Care NHS until 2026 (1)
  • 24.28 sq m (8,872 sq ft) on a a site of 0.17 hectares (0.42 acres)
  • 13 car parking spaces
  • VAT-free investment
  • Lot 2
  • Auction 5th December 2018
  • Rent
  • Status Sold
  • Price £710,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
2.5 miles north of Norwich, 25 miles west of Great Yarmouth, 45 miles north of Ipswich
Roads
A140, A146, A11
Rail
Norwich Train Station
Air
Norwich International Airport
Situation

Norwich is a cathedral city and the county town of Norfolk, with a population of 141,300. Hellesdon is a mixed commercial/residential suburb located 2.5 miles north-west of Norwich city centre. Hellesdon is accessed via the A1067 and the A1042 outer ring road. The property is located in the Hellesdon Hall Industrial Estate, which is
adjacent to the A1067. Norfolk & Suffolk Hospital is 0.25 miles to the north. The property is situated in a prominent corner location on Hellesdon Park Road, close to its junction with Drayton High Road (A1067). Nearby occupiers include DHL, Wolseley, IKEA and Evans Halshaw Car Store.

Tenure

Freehold.

Location
Miles
2.5 miles north of Norwich, 25 miles west of Great Yarmouth, 45 miles north of Ipswich
Roads
A140, A146, A11
Rail
Norwich Train Station
Air
Norwich International Airport
Situation

Norwich is a cathedral city and the county town of Norfolk, with a population of 141,300. Hellesdon is a mixed commercial/residential suburb located 2.5 miles north-west of Norwich city centre. Hellesdon is accessed via the A1067 and the A1042 outer ring road. The property is located in the Hellesdon Hall Industrial Estate, which is
adjacent to the A1067. Norfolk & Suffolk Hospital is 0.25 miles to the north. The property is situated in a prominent corner location on Hellesdon Park Road, close to its junction with Drayton High Road (A1067). Nearby occupiers include DHL, Wolseley, IKEA and Evans Halshaw Car Store.

Tenure

Freehold.

Description

The property comprises two interlinked units over ground floor with office and warehouse accommodation. The front unit is divided into offices and warehousing with ancillary kitchen. There is an area of mezzanine storage over part of the warehouse. The rear section is a warehouse. Both sections have loading doors and the eaves height is 4.35 metres (14'3?). The property benefits from a forecourt with parking area for 13 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk.

Description

The property comprises two interlinked units over ground floor with office and warehouse accommodation. The front unit is divided into offices and warehousing with ancillary kitchen. There is an area of mezzanine storage over part of the warehouse. The rear section is a warehouse. Both sections have loading doors and the eaves height is 4.35 metres (14'3?). The property benefits from a forecourt with parking area for 13 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground
Mezzanine
Industrial
Ancillary
772.81 sq m
51.47 sq m
(8,319 sq ft)
(554 sq ft)
NORFOLK
COMMUNITY
HEALTH & CARE
NHS (2)
10 years from
01/10/2016 on a
full repairing and
insuring lease (1)
£50,000 01/10/2023 (1)
(01/10/2026)
Total
824.28 sq m
(8,873 sq ft)
    £50,000  

(1) There is a tenant’s option to determine on 01/10/2023. (2) In 2016/17, Norfolk Community Health and Care (NCHC) delivered an adjusted surplus of £2.695m. NCHC employs over 2,200 staff. (Source: www.norfolkcommunityhealthandcare.nhs.uk).

Property Documents

  • Catalogue Page
    Updated Date
    05.11.19
    File Size
    590 KB
    View PDF
  • Site Plan
    Updated Date
    05.11.19
    File Size
    662 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

Seller's Solicitors
Venator Legal Services Ltd Sandy Hill House, Sandy Hill Lane
Weybourne
Norfolk
NR25 7HW
Philip Hunter 01263 588 630philip.hunter@venatorlegal.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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