Brand new neighbourhood shopping centre within new residential development of some 2,000 dwellings. Tesco Stores Ltd as main tenant. Cringleford is located immediately to the south west of Norwich and just off the A11. Excellent growth potential for rents and well secured tenants. TOWN:Cringleford
Ediston Real Estate and Europa Capital Partners are offering Pasteur Retail Park, Great Yarmouth for sale for £21.334 million reflecting an initial yield of 6.5% and a modest capital value of £175 psf.
sq ft (98 sq m) Retail Sales Area
• Historic Market Town Location
• Pedestrianised Street
• Close to Superdrug, NatWest, Costa and WH Smith.
• Grade II Listed Building
• Self-Contained Upper Floors With Rear Access
The subject property comprises a mid terrace building built of traditional brick and part flint construction under a pitched pantiled roof. The property has been amended over the years to provide a ground floor shop, with access to the side leading to an attractive four bedroomed maisonette arranged over ground, first and second floors.
LOCATION The property occupies a prominent position at the junction at Howard Street North and Stonecutters Way within Great Yarmouth town centre. Two major car parks in the centre of Great Yarmouth namely the Palmers car park and RCP are opposite. The area is popular with a variety of different uses including retail, café and residential. The adjacent premises have been recently converted to three residential units.
LOCATION The High Street in Gorleston is a thriving retail area popular with a variety of national and local niche occupiers including national retailers Wilco and Farmfoods and local retailers Heaven Hair & Beauty and Fleetwoods Butchers, the Gorleston Social Club is positioned close by and opposite is the recently opened Wetherspoons, The Williams Adams, which has become an extremely popular destination.
Thetford is a busy market town in Norfolk, situated approximately 30 miles south west of Norwich and 34 miles north east of Cambridge. The property occupies a central trading location on the pedestrianized High Street.
This is a rare opportunity to obtain a lease or Freehold retail unit in this busy service centre at the heart of the Norfolk Broads National Park. Wroxham has a resident population of 1,502 which is also a commuter for the city of Norwich some miles to the South East. Wroxham is also the main serviced and boating centre for the holiday sector which has high visitor numbers using the area per year.
The property is arranged on three floors. The ground floor provides the main sales area with kitchen, strong room and stores to the rear. The first and second floors comprise three self-contained residential flats let to individual tenants each for a term of 125 years expiring 2131 at peppercorn rents. Tenure Freehold. Rent £50,000 for the benefit of the freehold interest. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £16,000.00 and the rates payable are £7,680.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
Norwich is the dominant retailing centre in East Anglia.
□ Imposing property situated in an excellent retail location.
□ Situated adjacent to Primark which is being redeveloped and extended.
□ Extensive trading area over ground, first floor and basement.
□ Total area of 5,638 sq ft (523.8 sq m).
□ Let to Pret a Manger (Europe) Ltd (5A1) until June 2028.
□ Passing rent £165,700 per annum.
The property is a wide angled site, with grass surrounding it and disabled access at front. Arranged over ground floor and basement only. Parking at rear included in demise. Price We are seeking offers in the region of £150,000 for the freehold interest. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £16,750 and the rates payable are £8,040 pa. The UBR for 2018/2019 is 48 p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
Realla operates a heavily trafficked listing service for Norfolk shops, retail units and other markets in the UK with more than £6 billion of commercial property for sale and 12 billion sq. ft. of commercial property space for lease. Realla also attracts a large community of Norfolk commercial real estate professionals with 1,000s of members comprised of agents, corporate executives, service providers, and more than 1 million buyers, tenants and other principals throughout the UK.