52 London St Local commercial 177 m² 47 % Loué À vendre Norwich NR2 1LA 387 119 € (2 189,65 €/m²)

The ground floor and basement are let to H&J Fresh Food UK Ltd trading as Subway on a 15 year lease from 19 January 2024 inside the Security of Tenure provisions under Part II of the Landlord & Tenant Act 1954. The Lease contains a single tenant break clause at the expiry of the 10th year, subject to no less than 6 months prior written notice. There are 5 yearly upward only rent reviews on a standard open market basis. The rent is £20,000 pax paid monthly in advance. The tenant is responsible for repairing their demise and the landlord is responsible for repairing the structure of the building. Upper floors are vacant, fitted as a hair salon and are currently being marketed to let at a quoting rent of £8,000 pax. Offers are invited in the region of £330,000 excluding VAT (Three Hundred and Thirty Thousand Pounds) for the freehold of the property.