Investment For Sale, Norwich

The property comprises two former period buildings, combined to create a single retail unit, with accommodation arranged over basement, ground and three upper floors.

As currently configured, the building provides retail space at basement, ground and first floor level, with storage and staff amenity facilities at second and third floor levels.

The property is Grade II Listed and has an extensive frontage to Dove Street.

Extensive City Centre Property

Let To Pact Animal Sanctuary

Current Rent £21,000 Pax

Potential For Redevelopment, Subject To Planning

City Centre Investment Opportunity

City Centre Investment Opportunity

Detailed Description

The Property Comprises Two Former Period Buildings, Combined To Create A Single Retail Unit, With Accommodation Arranged Over Basement, Ground And Three Upper Floors.

As Currently Configured, The Building Provides Retail Space At Basement, Ground And First Floor Level, With Storage And Staff Amenity Facilities At Second And Third Floor Levels.

The Property Is Grade Ii Listed And Has An Extensive Frontage To Dove Street.

Location

The Property Occupies A Prominent Position On Dove Street, Just Off Guildhall Hill And Market Place, At The Heart Of Norwich's Historic City Centre.

Nearby Occupiers Include Leeds Building Society, Tsb And A Range Of Independent Retail, Café, Restaurant And Coffee Shop Operators.

The Location Is Set To Be Further Enhanced Through The Revamp Of Chamberlain House On Guildhall Hill, To Convert The Former Tesco Express Into A New 91 Room Travelodge.

Measured On A Net Internal Basis, The Floor Area Is As Follows:-

Description Sq M Sq Ft
Basement Retail 43.03 463
Ground Floor Retail 52.27 563
First Floor Retail 48.84 526
Second Floor Storage/amenity 49.79 536
Third Floor Storage/amenity 11.48 123
Total Nia 205.41 2,211

M Ft
Max. External Shop Frontage 12.74 41
Max. Internal Shop Depth 5.88 19

Business Rates Will Be The Responsibility Of The Occupier. The Premises Have The Following Assessment:-

Description Shop & Premises
Rateable Value £20,750
Rates Payable For 2025/2026 £10,354

We Have Not Carried Out Tests On Any Of The Services Or Appliances And Interested Parties Should Arrange Their Own Test To Ensure These Are In Working Order.

Strictly By Appointment With The Sole Selling Agents:-

Brown&co - Norwich

Nick Dunn
Nick.dunn@brown-co.com
01603 598241
07977 121341

Lily Jerome
Lily.jerome@brown-co.com
01603 629871

Thorburn Commercial
Ian Thorburn
Ian@thorburncommercial.co.uk
01603 625811

The Property Is Not Elected For Vat And Vat Will Not Be Charged On The Purchase Price.

Each Party Will Be Responsible For Their Own Legal Costs Incurred In Documenting The Transaction.

Lease Terms & Tenant Covenant
The Property Is Occupied By People For Animal Care Trust (t/a Pact Animal Sanctuary), A Registered Charity No. 1154444 Founded In 1995 With 32 Shops Operating Over Cambridgeshire, Essex, Lincolnshire, Norfolk And Suffolk.

Pact Have Occupied The Property Since 2014 Under A 10 Year Lease From 1st May 2014. The Lease Term Has Expired And The Tenant Is Currently Holding Over At A Rent Of £21,000 Per Annum Exclusive, On Full Repairing And Insuring Terms Subject To A Schedule Of Condition.