Lot 36 details
6 Week completion
Located in this prime pedestrianised City centre position, opposite the Royal Arcade which links with Gentlemans Walk and Haymarket, and amongst such multiples as Jamie's Italian, Bill's Restaurant, O2, Cath Kidston, Primark, Greggs, Tiger and many others as well as being close to the entrance of the Castle Mall Shopping Centre.
Norwich is an attractive City and vibrant commercial centre which lies some 19 miles west of Great Yarmouth and 45 miles north of Ipswich with road links via the A11 and M11.
A mid terrace building (locally listed) comprising a Ground Floor Shop and Basement plus internal access to Ancillary Accommodation on the first and second floors.
Ground Floor Shop
Gross Frontage 19'8”
Internal Width 17'8” (max)
Shop Depth 22'0”
Built Depth 26'5”
Not Inspected (Trap Door access)
First Floor Storage (incl. 1 WC)
Area Approx 405 sq ft
Second Floor Storage (plus 1 WC)
Area Approx 320 sq ft
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease to L'Occitane Ltd (International Beauty Products) (having approx. 90 branches) (T/O for Y/E 31/03/15 £54.2m, Pre-Tax Profit £409,000 and Shareholders' Funds £3.075m) for a term of 10 years from 2nd April 2007 (see Note) at a current rent of £45,000 per annum exclusive.