Property Information
Address:
Hall Road, Norwich, Norfolk
, NR4 6DW
, Norfolk
, United Kingdom
Price: Rent: POA
Sale Price: POA
Size: 567 to 869 sqm
Primary Category: Industrial
All Categories:
Warehouse, Industrial,
Property Ref/Movehut: MH686736
Property Ref/Agent: 166889
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 8, 2024
Property description
Description
The property comprises a detached industrial unit of steel portal frame construction with offices on two levels at the front.
It occupies a rectangular plot of approximately 0.48 acres which includes a fenced and gated front delivery yard, gravelled visitor parking area and extensive fenced and concreted yard/parking area to the side of approximately 0.185 acres.
The property has the following specification and features:
Location
The Livestock Market is located off Hall Road to the south of Norwich city centre, close to Ipswich Road, the outer ring road and the A47 Southern By-pass. It is a very well located estate with a mix of retail warehousing, motor trade, trade counter, industrial and distribution uses. With its proximity to the outer ring road and the A47, the estate is easily accessible from most locations in the Norwich area. Nearby occupiers include Porsche, B&Q, The Range, B&M, Calor Gas and Enterprise Car Rentals.
Accommodation Description
The property has the following approximate areas on a gross internal basis :
Ground Floor
Warehouse & offices 499.67 sq m
5,378 sq ft
First Floor
Offices & kitchen
67.73 sq m
729 sq ft
Total GIA excluding Mezzanine
567.40 sq m
6,107 sq ft
Mezzanine Storage 301.15 sq m
3,242 sq ft
Total GIA including Mezzanine
868.55 sq m
9,349 sq ft
Terms
The property is offered by way of a new full repairing and insuring sub-lease for a term to be agreed at a rent of £65,000 pa exclusive of VAT.
Alternatively, a sale of the long leasehold interest will be considered. The leasehold interest has an unexpired term of over 55 years, until November 2079, at a current ground rent of £14,250 pa subject to 5 yearly reviews to 12.9% of rental value the building and 100% of the value of the side yard. Offers in the region of £425,000 are invited.
Rates
The Valuation Office Agency website indicates that as from April 2023 the Rateable Value is £32,750. This is not the annual rates payable.
The rates payable will depend on the occupier's circumstances and can be obtained from which includes a rates payable calculator.
Eaves height approx 19.2 feet (5.85 metres) between frame
Elevations of cavity brick/block with lined profiled cladding
Pitched lined roof with profiled cladding and roof lights
Electric roller shutter loading door to front, smaller door to rear
Extensive mezzanine to warehouse - adaptable/removable
High level lighting to warehouse and underside of mezzanine
3-phase power supply
Office and workshop toilets and first floor kitchen
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