18 Meridian Way, Meridian Park, Norwich, Norfolk, NR7 0TA

Investment Sale - Self-contained offices

• Property specification

  • Lease with no breaks until January 2033
  • Two upwards only rent reviews
  • Annual rent at £79,500 / £17.53 psf
  • Visible position on popular park
  • A-rated EPC

• Description

  The property is situated at the eastern end of the park, adjacent to Audi and with frontage to the A1042. It provides a mix of open plan and separate offices fitted out to an exceptionally high standard to the following specification: - Air Conditioning - Carpeted raised floors - Suspended ceilings with recessed LED lighting - Kitchen / break out area

• Accommodation

  The following net internal areas are provided:
  
  Ground floor - 2,193 sq ft (204 sq m)
  First floor - 2,342 sq ft (217 sq m)
  Total - 4,535 sq ft (421 sq m)
  
  23 on-site car spaces which is a ratio of 1:197 sq ft.
  

• Lease terms

  A freehold sale by way of a Transfer of Going Concern is available.
  
  The quoting price is £900,000, which is a Net Initial Yield of 8.44% assuming purchaser's costs at of 4.63%.
  
  This is per sq ft rate of £198 psf.
  

• Rates

  According to the VOA website, the property has an RV of £68,000.

• Legal costs

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

• Energy perfomance certificate

  The property has an asset rating of A25, valid until 26th July 2032.

• VAT

  The property is elected for VAT