Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered Wednesday 25th February
    • Prominent Freehold Mixed Use Investment
    • Well situated within an established trading location
    • Well positioned close to St Andrews Multi-Storey car park and Norwich Market
    • Entirely let on a lease expiring 2029
    • Maybe suitable for development subject to consents(1)
    • VAT is not applicable
    • Investment let at £15,500 p.a. rising to £16,500 p.a. on 1stMay '26 (10.33% GIY on Guide Price)

    Description

    This prominent corner property is arranged over basement ground and two upper floors to provide a coffee shop on ground floor, a barbers on first and part second floor and a tattooist on the remaining element of the second floor.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - 36.27 sq m (390 sq ft)

    First Floor - 34.1 sq m (367 sq ft)

    Second Floor - 27.35 sq m (294 sq ft)

    Basement - 13.9 sq m (150 sq ft)


    Total - 111.62 sq m (1,201 sq ft)

    Tenancy

    Let to Individuals (t/a Attic Brew Coffee & Attic Brew Barbers) on an internal repairing and insuring (IR&I) lease for a term of 5 years from November 2024 at £15,500 per annum.


    The lease provides for the rent to increase to £16,500 p.a. on 1st May 2026.

    Planning

    The property maybe suitable for redevelopment subject to the lease in place and all necessary consents.

    All enquiries in this regard should be made with the local authority, Norwich City Council.

    Website: https://www.norwich.gov.uk/

    Rent

    £15,500 per annum

    Notes

    Joint Agent

    

    Francis Darrah

    Mob: 07774 781 381

    francis@fdarrah.co.uk

    Francis Darrah Chartered Surveyors


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The city of Norwich is located 40 miles north of Ipswich and 57 miles north east of Cambridge.

      The property is situated at the junction of Exchange Street with St Andrews' Street within Norwich's retail core.

      The property is in good proximity to St Andrews Multi- storey car park and Norwich Market.

      Transport

      Road - The City has good road communications via the A11, A47, A140, A147 and M11. The A147 forms part of the inner ring road and the A11 provides direct links to the M11

      Rail - Norwich Rail Station provides regular services to London Liverpool Street (1hr 45mins)

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums