The Heartsease, 180 Plumstead Road, Norwich, Norfolk, NR1

Description

The property comprises a detached former public house with following attributes:

Location

The property occupies a highly prominent corner location at the roundabout junction of Plumstead Road, Harvey Lane and the Norwich Outer Ring Road (A1042) in a popular suburb of Norwich, some 2 miles northeast of the city centre.

The property is in the heart of a busy commercial centre with a number of retailers in the immediate vicinity including Aldi, Tesco, Papa Johns, Dominos, Subway, Scrivens Opticians and BP. The area is also densely populated and has a number of schools close-by.

Accommodation Description

The property comprises a two-storey public house with extensive trade areas on the ground floor, 3-bed living accommodation on the first floor and a basement cellar. The approximate total gross internal floor area is 5,432 s ft (504,6 sq m).

Externally, the property has an enclosed rear garden, an open side patio area and some 33 marked car parking spaces. 17 of the spaces have been let to Aldi. The total gross site area is approximately 0.48 acres (0.19 hectares).

Terms

The freehold interest is being offered for sale, subject to vacant possession of the buildings and associated outdoor areas, and a 20-year contracted out lease (expiring 20 March 2039) of land comprising 17 car parking spaces to Aldi. The current passing rent for the lease is xxxx per annum and is subject to 5-yearly reviews to RPI (capped at 3.5%, collared at 1%).

Rates

The Valuation Office Agency website indicates that as from April 2023 the Rateable Value is £10,750. This is not the annual rates payable. The flat is in Council Tax Band B.

The rates payable will depend on the occupier's circumstances and can be obtained from which includes a rates payable calculator.