TYPEOffice, Distribution Warehouse, General Industrial, Offices, Industrial
TENURETo Let, Under Offer, For Sale Freehold
POSTED ON3rd June 2024
Description
Description
The premises comprise a detached industrial unit of concrete frame construction with brick and block ancillary office accommodation to the ground floor. There is a substantial mezzanine install providing first floor office/showroom space of steel and timber frame construction. There are detached garage and storage units located adjacent to the property which form part of the demise. The property has the following specification and features:
Location
The property is located just off Boundary Road, the Outer Ring Road, approximately 2.5 miles north-west of the city centre on an established and popular commercial estate Nearby occupiers include Asda, Carshop, Busseys, Mercure Norwich Hotel and Dulux Decorator Centre.
Accommodation Description
Ground floor warehouse - 3,412 sq ft (317.0 sq m) Ground floor lean to storage - 284 sq ft (26.4 sq m) Upper ground floor offices - 739 sq ft (68.6 sq m) First floor mezzanine/offices - 3,435 sq ft (319.1 sq m) Roof space storage - 549 sq ft (51.0 sq m) Detached garages and stores - 914 sq ft (84.9 sq m) Total - 9,333 sq ft (867.0 sq m)
Terms
The property is offered for sale or to let on a new full repairing and insuring lease for a term to be agreed.
We are advised that VAT will not be payable on the rent or sale price.
Rates
The Valuation Office Agency website indicates that as from April 2023 the Warehouse has a Rateable Value of £19,000. The garages are assessed separately with a Rateable Value of £4,900. This is not the annual rates payable.
The rates payable will depend on the occupier's circumstances and can be obtained from www.gov.uk/correct-your-business-rates which includes a rates payable calculator.
Legal costs
Each party is to be responsible for their own legal costs incurred in the transaction.
