FOR SALE BY NATIONAL ONLINE AUCTION 4 NOVEMBER 2025
Substantial city centre vacant commercial building extending to around 5,410 sq/ft
Description
This prominent three storey freehold office building extends to around 5,410 sq/ft. The ground floor provides two self contained office/retail units and the first and second floor provides primarily open plan office accommodation accessed from a separate ground floor entrance.
The property benefits from suspended ceilings incorporating Cat 2 lighting, security alarm and air conditioning to part, internal lift (not currently in use), ground, first and second floor toilet facilities and disabled wc.
The upper two floors offer potential to convert to residential subject to the necessary consents.
Description
The property is arranged over ground, first and second floor with a total net internal floor area of 5,423 sq ft (410.9 sq m)
Ground Floor Office 1,000 sq ft (92.9 sq m)
Ground Floor Retail 987 sq ft (91.7 sq m)
First Floor Office 1,675 sq ft (155.6 sq m)
Second Floor Office 1,748 sq ft (162.4 sq m)
Location
The property is located on Prince of Wales Road, which is the main thoroughfare from the city centre and Tombland to the Riverside complex and train station. The area is a mixture of bars, offices, and residential accommodation and within easy walking distance to the main shopping areas of Chantry Place and Castle Quarter.
Rates
The Valuation Office Agency website indicates that as from April 2023 the property have the following Rateable Values.
Ground Floor Retail £24,750
Ground and First Floor Offices £27,250
Second Floor Offices £22,000
These are not the annual rate payable. The rates payable will depend on the occupier's circumstances and can be obtained from www.gov.uk/correct-your-business-rates which includes a rates payable calculator.
Value Added Tax (VAT)
Please note VAT will be applicable to this lot
Viewings
Viewings are available on request
Please contact the Norwich Office 01603 505100 to arrange your appointment.
Tenure: Freehold
EPC Rating: D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
£960 inc VAT payable on exchange of contracts.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- Unconditional (Immediate Exchange)
Call the team on 01603 505 100 for more information
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