Description

6 Royal Arcade is arranged over ground and first floors offering a ground floor sales area of 388 sq ft. The Arcade is known for its long-standing independent retailers, including Langleys Toy Shop, Stompers and Macarons and 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.

Location

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.

Accommodation

Ground Floor Sales 388 sq ft 36.0 sq m
First Floor Ancillary/Sales 312 sq ft 28.9 sq m

Terms

The unit is available by way of a new effectively full repairing
and insuring lease, for a term to be agreed.

Rent
£20,000 per annum exclusive.


Rates

According to the Valuation Office Agency website, we understand that the premises are currently assessed as follows:

Rateable Value: £18,000

We recommend that interested parties make their own enquiries of Norwich City Council to verify the current rates payable and to establish the position in respect of any appeals and the inheritance of any transitional relief, which may
reduce or increase the rating liability.


Service charge

There is an annual service charge of £4,795.48. Further details are available upon request.

Viewing and further information

Contact: Adrian Fennell
Tel: 01603 756334
Email: adrian.fennell@rochesurveyors.co.uk

Contact: Ben Common
Tel: 01603 756340
Email: ben.common@rochesurveyors.co.uk

( Agency Pilot Software Ref: 165488 )