Long term investment opportunity comprising a long leasehold industrial unit producing £25,500 pa

This 4,699 sq/ft detached industrial unit is let to Anglian Roofing Supplies Ltd on a ten year lease with effect from 1st June 2022 at a rent of £25,500 pa. The property is held by way of a 120 year head lease with Norwich City Council dated 15th August 1986 until 2106 (82 years unexpired), with rent review every 5 years. The current ground rent is £4,300 pa wef from 21st June 2023. The property is located on the junction of Jarrold Way and Barnard Road around three miles west of Norwich city centre.

Tenure

Leasehold.

Ratable Value

According to the valuation office website, the warehouse and premises has an area of 436.6 sq/m and a rateable value of £24,000 with effect from 1st April 2023.

Description

Warehousing, offices, trade counter, wcs, kitchen, mezzanine

Energy Efficiency Rating (EPC)

Current Rating G

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Broadland District Council

Solicitors

Cozens-Hardy LLP, Ref: Dan Evans, Tel: 01603 724676

Additional Fees

Buyer's Premium - £420 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.