Description
Norwich Prime Investment Opportunity on London Street
Unit - Norwich
This property offers a fantastic investment opportunity in a prime retail location in the heart of Norwich, with secure rental income. It’s let to Taco Bell on a 15 year lease from 16 October 2023 at £62,500 pa. This is an exciting investment with the first Taco Bell in Norwich. The tenant is the main operating company Taco Bell UK and Europe Ltd (part of the Yum Group) so is an excellent covenant
Location
It is situated on London Street, one of the busiest shopping streets in Norwich, opposite the renowned Jarrold’s department store and adjacent to Space NK and HSBC. There is a newly opened Costa Coffee on London Street at the corner of Gentleman’s Walk.
Accommodation
Ground Floor: 1,702 sq ft
Basement: 631 sq ft
(Uppers sold)
Floor plans available on request.
Tenure
A new full repairing and insuring lease for 15 years from 16 October 2023. Break at 10 years, review at 5 and 10 years (1-3%).
Rent
£62,500 per annum
Rateable Value
The rateable value is £50,000.
Viewings
Strictly by appointment through agent:
Victor Levy, Raphael Capital LLP
Tel: 07831 583428
Email: [email protected]
Property Features
- Unit
