Overview

Leasehold Interest

The property comprises basement, ground, first and second floors of a local period building. A strong room is present on the ancillary floor, with a banking hall at ground floor. Upper floors are used for bank offices and storages at present. Tenure The property is held on an existing FRI lease due to expire 19/06/2027 at a passing rent of £22,500 per annum exclusive with a break option scheduled 19/06/2027. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £22,500 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £22,500.00 and the rates payable are £11,047.50 pa. The UBR for 2019/2020 is 49.10p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

North Walsham is a market town and civil parish in Norfolk, England within the North Norfolk district. The closest nearby competing towns are Honing and Westwick. Nearby occupiers include Lloyds Bank and Coral Bookmakers. There are a number of other local occupiers trading nearby.

Sizes and Measurements

Total Size

3,062sqft

Sales Area

1,139sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,139sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

301sqft

Status

Available

Available from

Immediately

First Floor

Details

Non-Sales

Size

997sqft

Status

Available

Available from

Immediately

Second Floor

Details

Non-Sales

Size

625sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease type

Assignment

For rent

Price On Application

UBR

49.1p

Rateable Value

£22,500.00

Business Rates

£11,047.50/pa

Specification

  • Former Bank premises
  • Consent for various uses
  • Flexible lease terms available

Floorplan

NORTH WALSHAM

Photos

NORTH WALSHAM

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