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17 Victoria Road, Diss, Norfolk – Diss

For sale £595,000 0.26 hectares

Fenn Wright
Full address
17 Victoria Road, Diss, Norfolk IP22 4GU – Diss
Contact details

020 *** ****

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Property type
Industrial unit for sale
Asking price
£595,000
Features
Air conditioning, Car park, Disabled facilities, Kitchen, Reception, Restaurant, Shower, Storage, Suspended ceilings, Telephone system, Tiled floor, Train transport
Size
0.26 hectares
Tenure
Freehold

The property occupies a prominent position on the A1066 (Victoria Road) in the centre of the town. Other nearby occupiers include Morrisons, Tesco, Aldi, The Original Factory Shop, Jewsons, Ridgeons and various other national and independent businesses.
The property comprises a detached showroom and forecourt, garage workshop with reception and first floor offices/stores and further workshop/store building arranged around a surfaced forecourt and yard. The site extends to approximately 0.261 hectares (0.64 acres).
The property provides the following approximately gross internal floor areas and dimensions:
The property is subject to a lease for a term of 20 years from 19th July 2002 granted to Mr R A Gardiner. The lease is upon full repairing and insuring terms. The current rent is £33,280 per annum. The lease provided for rent reviews in July 2012 and July 2017 although these have not been implemented.
The majority of the property is occupied by the tenant's business Eco World (UK) Limited trading as RG Golfs.co.uk. The showroom was most recently sublet to a conservatories business although this is no longer in occupation and the head lessee is in the process of reletting the premises.
The rear workshop is subject to an informal sub-tenancy.
The investment is considered to have good potential for lease re-gearing and rental growth.
The property occupies a prominent position on the A1066 (Victoria Road) in the centre of the town. Other nearby occupiers include Morrisons, Tesco, Aldi, The Original Factory Shop, Jewsons, Ridgeons and various other national and independent businesses.
The property comprises a detached showroom and forecourt, garage workshop with reception and first floor offices/stores and further workshop/store building arranged around a surfaced forecourt and yard. The site extends to approximately 0.261 hectares (0.64 acres).
The property provides the following approximately gross internal floor areas and dimensions:
The property is subject to a lease for a term of 20 years from 19th July 2002 granted to Mr R A Gardiner. The lease is upon full repairing and insuring terms. The current rent is £33,280 per annum. The lease provided for rent reviews in July 2012 and July 2017 although these have not been implemented.
The majority of the property is occupied by the tenant's business Eco World (UK) Limited trading as RG Golfs.co.uk. The showroom was most recently sublet to a conservatories business although this is no longer in occupation and the head lessee is in the process of reletting the premises.
The rear workshop is subject to an informal sub-tenancy.
The investment is considered to have good potential for lease re-gearing and rental growth.
• Prominent town centre location.
• Established tenant.
• Scope for lease regearing and rental growth.
The property occupies a prominent position on the A1066 (Victoria Road) in the centre of the town. Other nearby occupiers include Morrisons, Tesco, Aldi, The Original Factory Shop, Jewsons, Ridgeons and various other national and independent businesses.
The property comprises a detached showroom and forecourt, garage workshop with reception and first floor offices/stores and further workshop/store building arranged around a surfaced forecourt and yard. The site extends to approximately 0.261 hectares (0.64 acres).
The property provides the following approximately gross internal floor areas and dimensions:
The property is subject to a lease for a term of 20 years from 19th July 2002 granted to Mr R A Gardiner. The lease is upon full repairing and insuring terms. The current rent is £33,280 per annum. The lease provided for rent reviews in July 2012 and July 2017 although these have not been implemented.
The majority of the property is occupied by the tenant's business Eco World (UK) Limited trading as RG Golfs.co.uk. The showroom was most recently sublet to a conservatories business although this is no longer in occupation and the head lessee is in the process of reletting the premises.
The rear workshop is subject to an informal sub-tenancy.
The investment is considered to have good potential for lease re-gearing and rental growth.

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