- Sought after visible and accessible location
- Fully let producing an income of £84,780 per annum
- 6 flats arranged over the ground, first and second floor
- Ground floor office let to Clive Lewis MP
MIXED USE COMMERCIAL/RESIDENTIAL INVESTMENT
About this property
Detailed Description
The premises comprises a large Victorian former gentleman's residence which has been adapted to provide a number of individual flats over 4 storeys.
The ground floor has a rear flat roof extension and is arranged to provide offices and one flat with basement storage which is accessed through the office. The first floor is configured to provide 3 flats off a central landing and the second floor provides a further 2 flats.
At the front of the property there are parking spaces for around 6 vehicles. To the rear of the property there is a small garden and brick built shed.
The premises are not listed but are understood to be in a Conservation Area.
The property is divided into 6 flats and 1 ground floor office and is fully let providing a total income of £84,780. The flats are let on usual AST agreements.
The office is let to Clive Lewis MP for a term of 5 years, 4 months and 4 days from the 27th August 2024 on an internal repairing basis. The tenant can end the lease early only if they cease to be an MP for Norwich South, with 2 months' written notice.
Location
The historic city of Norwich has an urban population of approx. 213,000 and is the regional and administrative centre of East Anglia in the East of England. The city of Norwich benefits from two universities, being the University of East Anglia and the Norwich University of Art.
Norwich is situated approximately 110 miles north east of London via the recently widened/improved A11 and is approximately 60 miles from Cambridge. The A47 provides a link to Great Yarmouth in the East and Kings Lynn (and Peterborough beyond) to the west.
The property is prominently situated on Unthank Road which is 0.8 miles from Norwich City centre. Unthank Road forms part of the 'Golden Triangle' which is a very sought after residential location and popular with both national and independent shops.
Accommodation
The property provides the following gross internal floor areas:
Description sq m sq ft
Basement (storage) 12.6 136
Ground floor (office/resi) 119.3 1,285
First floor (resi) 127.8 1,375
Second floor (resi) 85.0 915
Total GIA 344.7 3,711
Business Rates
Business rates will be the responsibility of the occupier. The premises have the following assessment:-
Description Office & premises
Rateable Value £7,000
Rates payable for 2026/7 £3,024
Services
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.
Viewing
Strictly by appointment with the sole selling agent:-
VAT
It is understood that VAT is applicable.
Legal Costs
Each party will be responsible for their own legal costs incurred in documenting the sale.
To arrange a viewing contact
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Brown&Co