LU37 Castle Quarter, Norwich

LU37 Castle Quarter

Norwich, NR1 3DD

Use Class E

£51,750

Use Class

Rent pa

£51,750

Marketed by MMX Retail,

Last updated 02/12/2019

Close to Entrance off White Lion Street in Castle Quarter

Castle Quarter (recently renamed from Castle Mall) is located adjacent to Norwich Castle and provides over 60 retail units, plus a recently refurbished food court and an 8 screen Vue Cinema. Footfall is currently in order of 8.5 million shopper per annum.

The subject unit is close to the entrance to White Lion Street with other retailers in vicinity including Starbucks, F. Hinds, Muffin Break. Anchor stores include Boots and TK Maxx.

Tenure

Short Term Lease

Viewing

All viewings should be made strictly via appointment with
the sole agents.

Financial

Lease Type

Existing Lease

Lease Term

The subject premises will be available by the way of an assignment of the existing lease, contracted inside the Landlord & Tenant Act 1954 and due to expire on 26th February 2023 with tenant option to break in February 2021.
Alternatively, a sub-lease will be considered – further details on request.

Rates

Rateable Year:	2019
Rateable Value:	£34,750.00
Rates Payable:	£17,063.00
UBR:	49.1p/£

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

The current service charge rate is approximately £10,418 per annum, exclusive of VAT for year ending 31st March 2020.
Further details upon request.

Last Updated

02/12/2019

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

Contacts