Multi-floor retail unit overlooking Norwich Castle. Let as Cropshop Hairdressers on a 15 year lease at £35,000 pa.

Multi-floor retail unit overlooking Norwich Castle. Let as Cropshop Hairdressers on a 15 year lease at £35,000 pa.
£495,000FreeholdNorwich NR1 3PY
2nd June 2014

Description

Description of Building: A multi floor retail unit let to Norwich MGT Ltd trading as Cropshop hairdressers and training school on at 15 year lease with R&I terms from 12th of May 2008 at a rent of £35,000 p.a. Rent review every 5th year. Freehold & VAT elected. Residential redevelopment potential subject to acquiring the necessary change of use. Salon extends over multiple floors and across the top of the extension on to sort after ‘Back of the Inns’.

Size:
Gross Frontage : 14.85m / 48ft 8″
Net Frontage : 9.50m / 31ft 2″
Internal Width (Max) : 12.45m / 40ft 10″
Return Window Frontage : 5.30m / 17ft 5″
Shop Depth (Split Level Max): 24.00m / 78ft 9″
Built Depth : 24.00m / 78ft 9″
Mezzanine : 26.35 sqm / 284 sqft
First Floor : 73.15 sqm / 787 sqft
Second Floor : 81:00 sqm / 872 sqft

Location : Norwich, with a population of some 171,000, is an historic city and the largest of the East Anglian commercial centres. Norwich is some 45 miles north of Ipswich and 65 miles east of Peterborough. Communications to London are via the A11 and M11 motorway and a regular rail service to Liverpool Street (approximately 1 hour and 50 minutes).
The property is situated within the city centre near the pedestrianised Back of the Inns. An entrance to Castle Mall Shopping Centre is close by as are O2 Telephones, Cath Kidston, Waterstones, Virgin Money, Jamie’s Italian, Game, Greggs and Holland & Barrett amongst others.
Adjoining and fronting Castle Meadow is Crop Shop hairdressers where occupiers close by include Maplin and BHF.

5 - 6 Castle Meadow, Norwich, Norfolk NR1 3PY