Freehold Retail Investment
Freehold Retail Investment
Norwich is a popular Cathedral and University City in East Anglia. The suburb of Sprowston is located some 2 miles north-east of the City Centre just off the A1042, Norwich's outer ring road. The property is situated in a prominent corner location at the junction of Thornham Road and
Corbet Avenue. Sprowston Retail Park is located to the south-east and houses 13 retail units, with occupiers including Dunelm, Carpetright, Pets at Home, DFS and Harveys
Freehold.
Norwich is a popular Cathedral and University City in East Anglia. The suburb of Sprowston is located some 2 miles north-east of the City Centre just off the A1042, Norwich's outer ring road. The property is situated in a prominent corner location at the junction of Thornham Road and
Corbet Avenue. Sprowston Retail Park is located to the south-east and houses 13 retail units, with occupiers including Dunelm, Carpetright, Pets at Home, DFS and Harveys
Freehold.
The property, a single storey building, comprises ground floor retail accommodation and benefits from an extended frontage onto Thornham Road and Corbet Avenue providing three marked car parking spaces.
VAT is applicable to this lot.
Eight Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property, a single storey building, comprises ground floor retail accommodation and benefits from an extended frontage onto Thornham Road and Corbet Avenue providing three marked car parking spaces.
VAT is applicable to this lot.
Eight Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 45.43 sq m |
(489 sq ft) |
CO-OPERATIVE GROUP LIMITED (1) t/a Peter Taylor Funeral Service (2) |
10 years from 29/05/2009 |
£17,000 | 28/05/2019 |
| Total |
45.43 sq m |
(489 sq ft) |
£17,000 | ||||
(1) For the year ending 2nd January 2016, Co-operative Group Limited reported a turnover of £9,301,000,000, pre-tax profits of £23,000,000 and a total net worth of £2,006,000,000 (Source: Experian Group 02/06/2017).
(2) Established in 1890, the Taylor business now operates from five branches (Source: www.petertaylorfuneralservice.co.uk 12/06/2017).
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