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Foundry House, Norwich Road, Watton IP25 6TJ
3,476.53 sq. ft. (322.98 sq. m.)
For the Freehold
£535,000
Office
  • Prominent and visible location
  • Versatile workshop/storage space
  • 2 bed cottage plus 1 bed annex
  • Suit owner occupier and/or investor

Two elements occupying a single site, namely a complex of industrial/ workshop units together with a residential property and annex.

The property has a frontage to Norwich Road, approximately 1.75 miles east of Watton Town Centre.

The rear two bays of the commercial element use the access which is shared with the house and annex, and the front bay of the commercial has direct access off the road, with forecourt loading and parking.

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About this property

Detailed Description

The property comprises two elements occupying a single site, namely a complex of industrial/workshop units together with a residential property and annex.

Commercial:
The commercial element is split into three areas as follows:

Unit 1: Comprising a recently reconstructed MOT bay with electrically operated roller shutter access door, minimum eaves of 4.9 metres and a small lean-to store to the rear.

Unit 2: Comprises a recently re-built industrial unit with painted walls and floor, wall hung LED light fittings, and an electrically operated vehicle access door. Minimum internal eaves height is 4.9 metres.

Units 3-5: Comprises an older unit to the front of steel portal construction with 3 electrically operated loading access doors and incorporating a basic office area, compressor house, WC and mezzanine storage area. Minimum eaves height of 4.83m.

Reception Office: This is attached to the residential annex building and comprises a modern reception office with blockwork elevations under a pitched pantile covered roof, with plastered walls and ceilings and electric heating.

The Units benefit from a concrete loading forecourt with petrol interceptors installed, and additional parking to the side.

Residential:
Foundry House: The residential element comprises an attractive period two storey house, with rendered and painted elevations under a multi-pitched pantile covered roof. The property provides a utility room, kitchen with Rayburn cooker, a dining room and lounge at ground floor level, with two double bedrooms, landing and bathroom at first floor.

Externally there is an enclosed yard/garden area with decking and timber-built garage/workshop.

Foundry Annex: Sits between Foundry House and the Reception Office and is accessed via a passageway leading through to a small enclosed courtyard to the rear. The accommodation comprises a kitchen/diner and separate lounge on the ground floor with one bedroom and bathroom at first floor level.

Foundry House has oil-fired central heating, and the Annex has gas-fired central heating.

Location

The market town of Watton is situated approximately 25 miles west of Norwich and 14.5 north east of Thetford, and has a population of 7,202 (2011 Census).

The subject premises are prominently located fronting the B1108 Norwich Road, approximately 1.75 miles to the east of the town centre.

The site adjoins residential accommodation on one side, the Flying Fish Pub on the other side, commercial to the rear, open fields to the front and open fields opposite.

Accommodation

Measured on a gross internal area basis in accordance with the RICS Code of Measuring Practice, we calculate the commercial element has the following floor areas:

Description Sq m Sq ft
Unit 1 89.10 959
Unit 2 86.96 936
Units 3-5 146.92 1,581
Reception Office 15.71 169
Total GIA 339.69 3,645

The basic mezzanine storage within Unit 3-5 extends to a further 26.57 sq m (286 sq ft).

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.

Services

We have not carried out tests on any of the services or appliances and interested parties should arrange their own tests to ensure these are in working order. Mains water, drainage, gas and electricity are connected.

Viewing

Strictly by sole agent, Nick Dunn, nick.dunn@brown-co.com, 01603 629871

VAT

It is understood that VAT is not applicable to the sale.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Other

Business rates will be the responsibility of the occupier. The premises have the following assessment:-

Description Vehicle repair workshop and premises
Local Authority: Breckland
Rateable value: £11,250
Rates payable for 2021/2022 £5,613.75*

*the rateable value is below the minimum threshold of £12,000 and therefore an exemption from business rates may apply, resulting in zero rates payable. Please check your eligibility with Breckland District Council.

Council Tax
Foundry House - Band A
Foundry House Annex - Band A

Terms

The premises are freehold, and are offered with vacant possession with the exception of the Foundry Annex, which is currently let on an Assured Shorthold Tenancy (AST) for a term of 12 months from the 1st March 2021, at a rent of £475.00 per calendar month (£5,700 per annum).

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To arrange a viewing contact

The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB

07977 121341

01603 598241

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