15 Bedford Street, Norwich, Norfolk, NR2 1AR

Three storey Grade II* Listed property

Let to one tenant producing an income of £16,200 per annum

Desirable location in the heart of Norwich City centre

FREEHOLD RETAIL INVESTMENT

FREEHOLD RETAIL INVESTMENT

Detailed Description

The property comprises a three-storey Grade II* Listed retail premises with rendered timber frame and jettied at first floor.
The basement is a 15th century undercroft separated into two parts, which provides additional storage.

The ground floor provides open plan office/retail accommodation with a step down to the rear sales area.

The first floor provides a large meeting room/ office at the front of the property with rear open-plan office/ kitchenette, meeting room and WC.


Location

Located in the heart of the historic City, Norwich, the premises
is positioned prominently on Bedford Street.

Bedford Street is an attractive cobbled street which forms part of the historic and popular Norwich Lanes. A location popular with independent and creative retailers and café/ restaurants.

Nearby occupiers include Jarrolds department store, Turtle Bay, Gallyons Country Clothing and Chadds.

The premises is a short walk from both St Andrew's Car Park and Castle Meadow, which is served by numerous bus routes. It is also just a 10 minute walk from Norwich Train Station.


The property provides the following net internal floor area.

Description sq m sq ft
Ground floor 45.7 492
First floor 45.2 486
Basement - -
Total NIA 90.9 979


Business rates will be the responsibility of the occupier. The premises has the following combined rates:-

Description Shop & premises
Rateable Value £13,500
Rates payable for 2023/2024 £6,737


Strictly by appointment with the sole selling agent:-

Lease Terms
The property is let in its entirety on an internal repairing lease for a terms of 5 years from 1st October 2021 to Premier Travel Limited, at rent of £16,200 per annum exclusive.

Price
The freehold is available to purchase and offers are invited in excess of £250,000, subject to and with the benefit the current tenancy.