Exchange Street, Norwich, Norfolk, NR2

Description

The property comprises a basement, ground and first floor of a larger building and will be sub divided to provide a self contained property with a total net internal floor area of 2,158 sq ft (200 sq m). Occupiers of note in the vicinity include Cote, Costa, The Tannery, Thorns and Halifax.

Location

Norwich has a population of approximately 140,000 and an extensive regional catchment area. In addition, more than 40 million people visit Norwich each year. The city was also recently voted the UK's "happiest city" and "best place to live" in two separate surveys. The property is located in a prime position on Exchange Street within Norwich's retail core in the popular Norwich Lanes area, connecting directly with the prime retail thoroughfares of Gentleman's Walk and London Street. Jarrolds department store is located in close proximity. St Andrews and St Giles multi storey car parks provide city centre public parking nearby.

Accommodation Description

The property forms part of a larger building which will be sub divided to provide the following approximate net internal floor areas:

Basement: 665 sq ft (61.7 sq m)
Ground floor: 793 sq ft (73.6 sq m)
First floor: 700 sq ft (65.0 sq m)
Total: 2,158 sq ft (200.3 sq m)

Terms

Freehold with vacant possession.

Rates

The Valuation Office Agency website indicates that as from April 2023 the Rateable Value of 16-20 Exchange Street is £36,250. The property will require re assessment following sub division. Rates payable will depend on the occupier's circumstances and can be obtained from which includes a rates payable calculator.

Legal costs

Each party is to be responsible for their own legal costs incurred in the transaction.