2 Burnet Road, Sweet Briar Road Industrial Estate, Norwich, Norfolk, NR3

Description

The property comprises a detached modern warehouse unit, with ancillary offices, on a plot of approximately 0.82 acres (0.33 ha). It has the following specification and features:

Location

Burnet Road is located on the Sweetbriar Industrial Estate to the north­west of Norwich city centre, immediately adjacent to the outer ring road. Sweetbriar is one of Norwich's most established modern industrial estates, with good access to the A47 via Dereham Road and to all locations in the Norwich area. Occupiers in close proximity include Amazon, Wickes, Leyland Paints, Drayton Windows, Rexel, Volvo Trucks, Haas and a wide range of trade, distribution and industrial occupiers.

Accommodation Description

Warehouse 8,708 sq ft (809.02 sq m)
Offices 3,173 sq ft (294.81 sq m)
Mezzanine 2,620 sq ft (243.40 sq m)
Total: 14,501 sq ft (1347.18 sq m)

Terms

Long Leasehold Sale
The property is offered by way of a sale of the long leasehold interest which has an unexpired term of 83 years, until January 2107 at a current ground rent of £11,750 pa subject to 5 yearly reviews to 13.5% of Open Market Rent . The long leasehold interest is offered at a guide price of £750,000.

Freehold Sale
A sale of the freehold interest will also be considered at a guide price of £1,250,000.

Rent
Consideration will also be given to a new full repairing and insuring sub lease for a term to be agreed at a commencing rent of £92,100 per annum exclusive.

We are advised that VAT is not applicable.

Rates

The Valuation Office Agency website indicates that as from April 2023 the Rateable Value is £67,500. This is not the annual rates payable. The rates payable will depend on the occupier's circumstances and can be obtained from which includes a rates payable calculator.

Legal costs

Each party is to be responsible for their own legal costs incurred in the transaction.

In accordance with the latest Anti Money Laundering Legislation, the purchaser will be required to provide proof of identity and address to the selling agents prior to solicitors being instructed.

Minimum eaves height of approx 4.45m extending to 5.65m

Elevations of cavity brick and block to part height with lined profiled cladding above

Pitched lined roof incorporating translucent lighting panels and profiled cladding

Two external electrically operated roller shutter loading doors suitable for trade counter use

Secondary internal electrically operated roller shutter door and secure storage/loading bay

Extensive mezzanine storage to the warehouse, capable of being removed or adapted, if not required

High level strip and sodium lighting to the warehouse

Extensive open plan office space with internal meeting rooms, staff welfare facilities, carpeted floors, integrated lighting and suspended ceilings throughout

3 phase power supply, gas fired hot air blower within the warehouse and separate gas fired central heating system to the offices

Secure gated yard and fitted trade counter