4/5 Royal Arcade is arranged over ground and first floors with a total floor sales area of 1,061 sq ft. The Arcade is known for its long-standing independent retailers, including Langleys Toy Shop, Stompers and Macarons & More. The Royal Arcade is one of Norwich's principal tourist attractions, not just for its famous Art Nouveau architecture, but also its wide range of specialist retailers. Retailers in proximity include Scribbler, The White Company and Joules.
Norwich has a population of 170,000 persons and a regional catchment area of one million residents. In addition, approximately five million tourists visit Norwich annually.
Norwich was ranked as the 2nd Hottest Retail Location in the UK (CACI 2015). The Royal Arcade occupies a prime location on Gentleman's Walk and links through to Back of the Inns.
Ground Floor Sales615 sq ft 57.13 sq m
First Floor Sales446 sq ft 41.43 sq m
First Floor Ancillary41 sq ft3.80 sq m
The unit is available by way of a new effectively full repairing and insuring lease, subject to 5 yearly upward only rent reviews.
Rent: £36,000 per annum exclusive.
The Valuation Office Agency website indicates that the 2017 Rateable Value is £34,000. This is not the annual rates payable.
The rates payable will depend on the occupier's circumstances and can be obtained from either Norwich City Council (Business Rates: 0344 980 3333), or via www.gov.uk/correct-your-business-rates which includes a rates payable calculator
( Agency Pilot Software Ref: 165281 )