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AGENT'S DETAILS


42 Rose Lane, Norwich, NR1 1PN

For sale: POA|634 Sq Ft|Office, Offices

PROPERTY DETAILS

FOR SALEPOA
SIZE634 Sq Ft
ADDRESS42 Rose Lane, Norwich, NR1 1PN
TYPEOffice, Offices
TENUREFor Sale Freehold
POSTED ON12th October 2020

DESCRIPTION

The building provides self-contained office accommodation set over ground and first floors. There are two rooms on the ground floor and a further two on the first floor. In addition, there is a single WC on the ground floor and a kitchen and WC to the first floor. There is a shop window and entrance onto Rose Lane. To the rear are two parking spaces and a rear entrance. The property has an electric powered central heating system with wall mounted radiators throughout. Location 42 Rose Lane is a mid terrace office located on the north side of Rose Lane. The office is ideally located within easy walking distance of both Norwich Railway Station and the City centre. Accommodation The property provides a net internal floor area of: Ground Floor - 310 sq ft First Floor - 324 sq ft Total - 634 sq ft (59 sq m) Terms / Lease The property is let to DX Network Services Ltd on a full repair and insuring lease for 10 years from 8th March 2020 at an annual rent of £10,000 per annum. The lease is outside of the security of tenure provisions of the L and T 1954. The tenants have a 5th year option to break the lease. There is also a 5th year upwards only rent review to open market. The freehold interest in the property is available, subject to the existing lease above, for sale at £185,000 exclusive, which reflect a net initial yield of 5.35%. Energy Performance Certificate The rating is E with an asset rating of 112.

LOCATION

Location: 42 Rose Lane, Norwich, NR1 1PN

Norwich (0.3 miles)

Brundall Gardens (4.9 miles)

Salhouse (5.0 miles)

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