Prime Retail unit overlooking Norwich market. Let to Caffè Nero at £68,000 p.a.

Prime Retail unit overlooking Norwich market. Let to Caffè Nero at £68,000 p.a.
£1,275,000FreeholdNorwich NR2 1NA
22nd April 2021

Description

Description of Building: A stunning corner unit let to Nero Holdings Ltd operating as Caffé Nero on a 5 year lease with FRI terms from 25th of December 2019 at a rent of £68,000 p.a.  (The rent was rebased from the previous level of £94,250 p.a.)  Freehold & VAT elected.

Approx. Size:
Ground (Retail area) : 55.1 m sq
First (Retail area) : 51.6 m sq
Second (Office, Kitchen & Storage) : 42.9 m sq
Third (Storage & Plant) : 36.9 + m sq

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 on the busy prime pedestrianised Gentlemans Walk.  The shop looks out on the world famous historic market square which has had an open air market running for over 900 years!  

20 Gentleman's Walk, Norwich, Norfolk NR2 1NA, UK