One Stop, 106 Quebec Road, Norwich, Norfolk, NR1 4HY

Property specification

• Lease to One Stop Stores until January 2029
• Residential apartment and separate stores building
• Residential location in close walking distance to the City

The property consists of a corner, end of terrace property with a separate store building within the rear yard.

Within the main property the ground floor is occupied by the shop. It is an open plan area with windows to front and side as well as a shutter over one of the front windows.

To the rear of the shop are staff facilities, offices, WC, kitchen. Externally, the Air Conditioning condensers are housed.

The first floor is a residential apartment providing 4 bedrooms, a lounge, kitchen, and bathroom. This is accessed via the rear yard and stairs to the first floor. Heating is by way of Night Storage Heaters. The apartment is sub-let for £650 pcm. / £7,800 pa.

The yard is mainly covered and utilised by One Stop for the purposes of storage.

The yard also houses small ground and first floor building which again is utilised for storage.

Accommodation

Using measurements taken on site, the Gross Internal Areas were:

Ground Floor - Shop - 1,350 sq ft (125.41 sq m)
First Floor - Flat - 1,175 sq ft (109.18 sq m)
Rear Building GF/FF - 361 sq ft (33.51 sq m)
Total - 2,886 sq ft (268.11 sq m)

Lease terms

A freehold sale by way of a Transfer of Going Concern is available.

The vendor is seeking offers in excess of £210,000, which is a Net Initial Yield of 7.02% assuming purchaser's costs of 1.8%.

This is a low per sq ft rate of £72 psf.

Rates

The Rateable Value as per the Valuation Office Agency website is £12,250.

Energy perfomance certificate

The property has an energy performance rating of B46, which is valid until 21 July 2029.