ROCHE CHARTERED SURVEYORS
Thorpe Road, Norwich,
NR1 1RY

Tel: 01603 619876

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Property Details - 2 Duke Street, Norwich, Norfolk, NR3 3AJ

UNDER OFFER

Office

898 SqFt (83.42 SqM)

For Sale £250,000

Description

The property comprises a modern, purpose-built, self-contained, three-story office building with a net internal area of approximately 898 sq ft ( 83.45 sq m), prominently located on an established office location favoured by A2 users.

The building has planning consent for conversion to residential and is potentially suitable as a live-work property, subject to planning.

Location

The property is located in Norwich city centre, close to the junction of Duke Street, St Andrews Street and Charing Cross, an established location for estate agents and other office occupiers. It is close to the central retail core with its wide range of shopping, leisure and commercial facilities, in the middle of the Norwich University of the Arts campus and on the edge of the Norwich Lanes, a district renowned for its independent shopping, cafes and restaurants. Norwich's largest public car park (1,084 spaces) is immediately opposite whilst Duke Street provides a swift link with the Inner Ring Road to the north.

Accommodation

The property comprises a prominent three-storey office building with the following specification and facilities:

Purpose-built modern office construction capable of providing open-plan floor areas
First floor divided by light-weight partition to provide two rooms
Solid floors with carpeting and vinyl floor finishes to offices and ancillary areas
Prominent display window to ground floor
Office lighting with diffusers, partly double-glazed windows and electric night storage heaters to office areas
New kitchenette on ground floor
Male and female toilets on first floor
Gravelled rear yard enclosed by brick wall

Planning

It is understood that the existing planning use is A2 offices (professional and financial services).

Planning permission was obtained on 8 April 2020 to change the use of the property to residential with associated alterations and formation of new access to the rear of the property. Details can be found on the Norwich City Planning website, ref 20/00199/F.

Implementation of the above planning consent will trigger a liability to make a Community Infrastructure Levy payment, which will be the purchaser's responsibility. Further details can be provided.

Terms

The freehold interest is offered for sale at £250,000, exclusive of VAT. (The property is not currently elected for VAT.)

Rates

The Valuation Office Agency website indicates that the current Rateable Value is £8,700. This is not the annual rates payable.

The rates payable will depend on the occupier's circumstances and can be obtained from either Norwich City Council (Business Rates, 0344 980 3333) or via www.gov.uk/correct-your-business-rates which includes a rates payable calculator.

Interested parties may wish to note that qualifying occupiers may be entitled to 100% rates relief (£0 payable) on properties with a rateable value of less than £12,000.

Legal costs

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

Viewing and further information

Strictly by appointment through the sole selling agents:
Roche:
Contact: James Allen
Tel: 01603 756332
Email: james.allen@rochesurveyors.co.uk

Agent Details

James Allen
Roche Chartered Surveyors
james.allen@rochesurveyors.co.uk
01603 756332