Basic Facts
Property ID:
4445
|
Post Updated:
2019-06-24 10:41:33
|
Status:
Acquired
|
Type:
Bank
|
Tenure:
Freehold
|
Gross Rent:
£ 97,500
|
Lease Term:
Let until Jan 2022
|
VAT applicable:
No
|
Property Description
- Freehold town-centre bank investment
- Arranged over the ground, basement, first and second floors
- The property forms Lloyds Bank’s regional headquarters building and they have been in occupation since 1927
- An expensive re-fit was recently completed costing ca. £300k
Location Description
- Norwich with a population of some 171,000 is an historic city and the largest of the East Anglian commercial centres.
- Norwich is some 45 miles north of Ipswich and 65 miles east of Peterborough.
- Communications to London are via the A11 and M11 Motorway and a regular train service to Liverpool Street (approximately 1 hour and 50 minutes).
- The property is located right in Norwich town centre adjacent to numerous blue-chip occupiers
Additional Notes
- Let until 20 Jan 2022 FR&I to Lloyds Bank plc at a current rent £97,500
- Rent review at Jan 2017 with ERV of £105,000
- Potential to convert upper floors to alternative uses subject to gaining consents
- Let until 20 Jan 2022 FR&I to Lloyds Bank plc at a current rent £97,500
- Rent review at Jan 2017 with ERV of £105,000
- Potential to convert upper floors to alternative uses subject to gaining consents
Features
£1m - £5m
Blue-chip tenant
Finance available
Freehold
No Break clauses
No VAT applicable
Reversionary Opportunity