Freehold Industrial Investment
Freehold Industrial Investment
The property is located in the north-east industrial area of the major commercial regional centre of Norwich with good communication links via the city's outer ring road. The property is situated on the busy Caston industrial estate with Salhouse Business Park, Pinetrees Business Park and Sprowston Retail Park close by. Nearby occupiers include Numark, The One Account and Orbital Freight.
Freehold.
The property is located in the north-east industrial area of the major commercial regional centre of Norwich with good communication links via the city's outer ring road. The property is situated on the busy Caston industrial estate with Salhouse Business Park, Pinetrees Business Park and Sprowston Retail Park close by. Nearby occupiers include Numark, The One Account and Orbital Freight.
Freehold.
The property comprises two adjoining industrial units, occupied as one, with each unit benefiting from a vehicle access loading door and car parking.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two adjoining industrial units, occupied as one, with each unit benefiting from a vehicle access loading door and car parking.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| 12 | Industrial | 619.57 sq m |
(6,669 sq ft) |
VAN DAL SHOES LIMITED (1) |
30 years from 25/03/1983 with tenant offer to extend lease (2) |
£50,000 | 2013 |
| 13 | Industrial | 620.41 sq m |
(6,678 sq ft) |
||||
| Totals | 1,239.98 sq m |
(13,347 sq ft) |
£50,000 | ||||
(1) Van Dal Shoes are part of the Florida Group Ltd - a family company whose origins can be traced back over 100 years. (Source: www.vandalshoes.com). For the year ending 31st December 2010, The Florida Group Limited reported a turnover of £10,702,501, a pre-tax profit £493,911 and a total net worth of £3,570,620 (Source: www.riskdisk.com 25/08/2011).
(2) The landlord has received a letter from the tenant proposing to extend the lease.
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