WESTLEGATE & BOARS HEAD NORWICH NR1 3LT - Allsop
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WESTLEGATE & BOARS HEAD
NORWICH NR1 3LT
RETAIL INVESTMENT & RESIDENTIAL
DEVELOPMENT OPPORTUNITY
WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
NORWICH
BUS STATION
NORWICH
TRAIN STATION
< 5 MIN WALK
NORWICH
MARKET
Outline for indicative purposes only.
WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
INVESTMENT CONSIDERATIONS
Unique opportunity to acquire a significant
retail and office investment offering ongoing
active asset management and significant
development potential.
Well located in Norwich city centre, between
John Lewis and Marks and Spencer
Total floor area of 56,155 sq ft (5,217 sq m)
Freehold
Large site area of 0.497 acres (0.201 ha)
15 retail units with a total passing rent of
£451,000 per annum
AWULT of 6.2 years to expiry and
3.2 years to break
WESTLEGATE FRONTAGE
DEVELOPMENT POTENTIAL
Total scheme provides 69 apartments via
office conversion and new build extensions
100% private accommodation
The total consented proposed residential
accommodation comprises an approximate
NSA of 3,232.3 sq m (34,792 sq ft)
Alternative uses such as a hotel or student
scheme may be achievable, subject to the
necessary consents.
PROPOSAL
Offers sought in excess of £7,000,000
(Seven Million Pounds) subject to contract
and exclusive of VAT. A purchase at this level
reflects an attractive net initial yield of 9.4%
assuming standard purchaser’s costs on the
retail accommodation and a low £71.86 psf
on the NSA of the consented residential
accommodation.
BOARS HEAD FRONTAGE
WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
Cromer
A17
KING’S LYNN A1067
A47
A1042 Great
Yarmouth LOCATION
PETERBOROUGH NORWICH
A10 Norwich is an affluent cathedral city and a major onto junction 9 of the M11. The A140 provides Norwich International Airport is located
A11
A1(M) Lowestoft regional centre in East Anglia. The city is located access to the A14 and Ipswich to the south. approximately 3.5 miles to the north of the
ELY approximately 43 miles north of Ipswich, 62 miles east Rail communications are provided from Norwich site and London Stansted Airport is located
A14 HUNTINGDON THETFORD
A142
of Cambridge and 110 miles north east of London. railway station with direct services to Ipswich, approximately 77 miles to the south west. The
A1 NEWMARKET The city benefits from good road communications Cambridge and London Liverpool Street with airport handled a record 24.3 million passengers
A140
A428
CAMBRIDGE
A12
providing direct access to the A11 which connects quickest journey times of approximately 38 minutes, in 2016.
Norwich with Cambridge to the south west and 1 hour 19 minutes and 1 hour 50 minutes respectively.
IPSWICH
A134
M11
FELIXSTOWE
ROAD RAIL AIR
STEVENAGE
M1 BISHOP’S
A1(M) STORTFORD London 110 miles London Liverpool Street 1 hour 50 minutes London Stansted Airport 77 miles
Cambridge 62 miles Cambridge 1 hour 19 minutes Norwich International Airport 3.5 miles
Ipswich 43 miles Ipswich 38 minutes
LONDON M25
WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
SITUATION DESCRIPTION
The property is situated fronting The pedestrianisation of the street and The property comprises a total of approximately 56,155 sq ft of retail and office
Westlegate and St Stephens Street in a improved bus routes have increased accommodation arranged over 4 storeys. Westlegate and Board Head, Norwich
predominantly retail location. footfall to this high street and encourage
use of the local public realm. WESTLEGATE BOAR’S HEAD
Nearby occupiers include Debenhams,
Westlegate comprises eight retail Boar’s Head comprises seven retail units on the ground floor and
Tesco Express, Marks & Spencer, and Recent residential development has
units on the ground floor extending to part first floor extending to approximately 10,851 sq ft (1,008.0 sq m).
John Lewis. Castle Mall is located provided a mix of unit sizes and blocks
approximately 9,439 sq ft (877.0 sq m). The Part of the first floor is used as retail ancillary space for the retail unit
200 metres to the north east and the nearby are delivering student housing
three upper floors extend to approximately below (No.3) on the ground floor. The remaining space on this floor
Intu Chapelfield Shopping Centre with good connections to the City
26,062 sq ft (2,421.3 sq m) of vacant B1 and two floors above extend to approximately 9,803 sq ft (910.7 sq m)
approximately 200 metres west from College, UEA and Norwich Research
office accommodation. of vacant B1 office accommodation.
the property. Park.
Floorplans area available in the dataroom.
3
31
ST STEPHENS PLAIN
Westlegate
31a
Tower
1
2 to 8
14 to
20.1m 18
WESTLEGATE 20
21.6m All
10
to
11 15
2
1
TCB
1 17
1a
3
2 to 8
PH
5
25
10
Yard
Head
Boars
LB
12
Bank
9
Bank
1
1a
16
Posts
3
21.6m
3a
5
Pos
7
Sh
8
9
TENURE
SU
EEN
R
Freehold.
RE
R
TS G
Y STR
SAIN
EET
SITE AREA
ALL
39
TheThe
property has a total site area of 0.497 acres (0.201 ha).
Free School 24.4m
Norwich
41
Norwich Bus Station
27
WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
Norwich benefits from a
significant tourism industry
estimated to be worth approximately
£650 million per year
DEMOGRAPHICS AND RETAILING IN NORWICH
Due to Norwich’s attractive and historical central area, the
city benefits from a significant tourism industry with reports
HEAVENLY
DESSERTS
estimating that tourism is worth approximately £650 million per
year to the Norwich area and supports more than 11,000 jobs.
Norwich is home to the University of East Anglia (UEA) with
over 15,000 students and Norwich Research Park, both of
which are situated within a campus stretching over 320
acres of parkland 2.6 miles west of the site. The business
park comprises over 80 businesses, 12,000 employees and
3,000 scientists, researchers and clinicians.
The estimated shopping population for Norwich is 595,000.
The city ranks 14 out of 200 PROMIS centres in terms of VAC
ANT
the volume of comparison retail spend available in the
catchment area.
City centre retail floor space in Norwich is estimated at
2.22 million sq ft of which approximately 538,000 sq ft is
within Intu Chapelfield Shopping Centre and approximately
380,000 sq ft within Castle Mall Shopping Centre.
© Crown Copyright, ES 100004106. For identification purposes only.
Experian Goad Plan Created: 27/09/2018
WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
TENANCY SCHEDULE
Westlegate Tenant Description Area sq ft Area sq m Lease Start Lease Expiry Lease Break Next Review Rent pa Rent £psf Zone A Comments
Ground 1,619 150.4
Sweet Outcomes Ltd 19/12/2022
1 Westlegate ITZA 1,073 99.7 19/12/2017 18/12/2032 £52,000 £32.12 £48.46
(t/a Heavenly Desserts) 19/12/2027
Total 1,619 150.4
Ground 759 70.5
Tenant has assigned
3 Westlegate Gillian and Dale Carter ITZA 528 49.1 22/06/2012 21/06/2022 £23,000 £30.30 £43.56
the lease
Total 759 70.5
Ground 796 74.0
5 Westlegate Norwich Samaritans ITZA 538 50.0 15/08/2017 14/08/2022 £25,000 £31.41 £46.47
Total 796 74.0
Ground 779 72.3
Hidden Hearing Limited
28/09/2019 29/09/2019
7 Westlegate (Guarantor - Hidden ITZA 528 49.1 29/09/2014 28/09/2029 £24,000 £30.81 £45.45
29/09/2024 29/09/2024
Hearing International Plc)
Total 779 72.4
Ground 769 71.4
Tenant has vacated
9 Westlegate Vacant ITZA 528 49.1 28/01/2015 27/01/2020 and not paying any
rent
Total 769 71.4
Ground 1,605 149.2
11-13 Westlegate Adnams Plc ITZA 1,080 100.3 12/10/2017 11/10/2027 12/10/2022 £43,000 £26.79 £39.81
Total 1,605 149.1
Ground 756 70.2
Games Workshop Limited
15 Westlegate ITZA 565 52.5 03/07/2016 02/07/2026 02/07/2021 03/07/2021 £20,000 £26.46 £35.40
(t/a Warhammer)
Total 756 70.2
Ground 2,356 218.9
Noa Noa Norwich
17 Westlegate ITZA 1,625 151.0 26/10/2016 25/10/2026 25/10/2021 26/10/2021 £32,500 £13.79 £20.00
Limited
Total 2,356 218.9
First 9,835 913.7
Westlegate Vacant office Second 9,887 918.5
Upper Parts accommodation Third 6,340 589.0
Total 26,062 2,421.2
Sub Total 35,501 3,360.6 £219,500
WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
TENANCY SCHEDULE
Boars Head Tenant Description Area sq ft Area sq m Lease Start Lease Expiry Lease Break Next Review Rent pa Rent £psf Zone A Comments
Ground 537 49.9
Vodafone have
1 & 1a St Vodafone Limited ITZA 469 43.6 sublet to Phone
21/09/1994 21/09/2019 £45,000 £82.42 £93.15
Stephens Street (t/a A Phone Shop) Gadget Ltd.
First 282 26.2
Total 819 76.1
Ground 546 50.8
3 St Stephens Andrew Smith Enterprises ITZA 452 42.0
14/05/2010 13/05/2025 13/05/2020 14/05/2020 £27,000 £30.24 £57.53
Street (t/a Snappy Snaps) First 347 32.2
Total 893 83.0
3a St Stephens Vacant Office First 2,626 244.0
Street Accommodation Total 2,626 244.0
Ground 2,373 220.5
5 St Stephens ITZA 1,194 110.9
Jonathan Trumbell Limited 03/10/2017 02/10/2021 £62,500 £16.26 £49.31
Street Basement 1,417 136.7
Total 3,844 357.1
Ground 557 51.7
5a St Stephens Jennings Racing Limited
ITZA 474 44.0 22/11/2013 21/11/2023 21/11/2019 28/11/2018 £25,000 £44.88 £52.74
Street (t/a Jennings Bet)
Total 557 51.7
Ground 528 49.1
6 St Stephens ITZA 450 41.8
Mr Flatt (t/a Just Cards) 21/03/2016 20/03/2026 20/03/2021 20/03/2021 £26,000 £25.47 £54.78
Plain First 493 45.8
Total 1,021 94.9
Ground 574 53.4
7 St Stephens H Siddall and Sons ITZA 466 43.3
19/10/2010 18/10/2020 £46,000 £42.16 £93.52
Plain Limited (t/a Siddalls) First 517 48.0
Total 1,091 101.4
Second Floor 5,215 484.5
Boars Head Vacant office
Third Floor 4,588 426.2
Upper Parts accommodation
Total 9,803 910.7
Sub Total 20,654 1,9,19.0 £231,500
Total 56,155 5,217 £451,000WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
COVENANT
TENANT COMPANY NUMBER YEAR END TURNOVER PRE TAX PROFIT TOTAL NET WORTH
Vodafone Limited 1471587 31-Mar-17 £5,843,900,000 -£668,500,000 £3,128,100,000
Andrew Smith Enterprises (t/a Snappy Snaps) 6997008 31-Dec-17 £41,608
Jonathan Trumbell Limited 1092920 31-Mar-17 £508,428
Jennings Racing Limited 5726089 30-Apr-17 £17,337,290 -£648,196 -£12,917,367
H Siddall and Sons Limited 411022 31-Jan-17 -£76,775
Hidden Hearing Limited 01990227 31-Dec-17 £50,499,554 £2,317,315 £10,468,190
Adnams Plc 31114 31-Dec-17 £74,765,000 £1,549,000 £28,642,000
Games Workshop Limited 1467092 28-May-17 £123,648,000 £37,821,000 £23,245,000
Noa Noa Norwich Limited 10339161 31-Aug-17 -£8,998.00WESTLEGATE & BOARS HEAD RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
ST STEPHENS AREA MASTERPLAN
The site falls within the St Stephens Area
Masterplan expanse, which aims to
regenerate the area whilst working to
compliment the transport improvements.
The masterplan recognises the vitality that
residential development contributes to this
placemaking and as a result a number of new
developments and PD schemes are being
delivered in Norwich.
Westlegate has been outlined as a proposed
development in the masterplan and the St
Stephens study area falls within the East of
England Plan and Regional Economic Strategy.
These identify Norwich as one of seven
‘Engines of Growth’ in the region. They target
Norwich for the development of financial and
business services, creative industries, retailing
and a focus for housing, employment and
educational progression. The East of England
plan outlined the target of a minimum of 10,610
new build dwelling to be delivered in Norwich
from April 2006 to March 2021 and 35,000 new
jobs in Greater Norwich within this period.
DEVELOPMENT IN NORWICH RESIDENTIAL SCHEMES STUDENT SCHEMES
Norwich is a key UK business nucleus with a mix of traditional Sentinel House, situated approximately 0.2 miles south of the subject The former Aviva office towers at St Stephens 1 & 2, St Stephens
residential stock and a pipeline of new development. Significant site is a five storey 1990s former Aviva Building that is a PD scheme Street is a redevelopment of the existing building to deliver a 740
regeneration projects have enhanced the quality of accommodation completed in September 2018 to provide 199 units, a residents gym, bed student scheme. Planning was approved in July 2017 and it is
and infrastructure in this vibrant city. Occupiers are drawn by the concierge and underground car parking and bike stores. 150 units are currently being converted over the existing eight floors with a further
breadth of corporate occupiers and local amenities including the under offer or completed and the majority have sold at asking prices two storey extension.
Intu Chapelfield Shopping Centre and River Wensum. (approximately £334 – 387 per sq ft). All Saints Green has recently been the focus of major regeneration
The site falls within the St Stephens Street Outline Masterplan (2009), Skipper House, 130 Ber Street (formerly Elliot House) is a PD scheme work by Alumno including the renovation of No. 50, a Grade II
which encompasses the sites occupied by Aviva and stretches south approximately 0.4 miles southeast of the subject site. Planning was listed building, and creating a new landscaped public square with
to Queens Road. This initiative seeks to enliven the city centre and approved in August 2016 for the change of use from offices to 45 gardens. Following this Alumno have just completed a new scheme
encourages the development of residential dwellings as part of the residential dwellings. Recent sales include one bedroom flats and at Pablo Fanque House, 30 All Saints Green, which is located to the
wider regeneration. £140,000 - £200,000 with an average of £400 per sq ft, and two rear of the subject site opposite John Lewis. It comprises 244 student
bedroom apartments at approximately £190,000 and £300,000 (£350 units with management facilities and amenities along with flexible
Development is either proposed or has commenced on several large
per sq ft average). office/business space with independent access.
scale sites within the vicinity including private housing and student
accommodation.This drawing is to be read in conjunction with all other relevant drawings
and specifications.
Do Not Scale © Ingleton W ood LLP
WESTLEGATE & BOARS HEAD WG-31-03 WG-31-02
Bed 1
WG-32-02
Bed 2
WG-32-03
Bed 1
UP
WG-33-01
WG-33-02
Bed WG-34-03
Bed
RETAIL INVESTMENT & RESIDENTIAL DEVELOPMENT OPPORTUNITY
NORWICH NR1 3LT
Bed 2 WG-32-01 Living
WG-31-01 Living
Living WG301A
3rd Floor Stairwell WG-34-02
WG-33-03 Living
WG-32-04 WG-33-04 WG-34-05
WG-32-05 Bath Lobby Bath WG-34-01
WG-31-04 WG-31-05 Lobby WG-33-05 Bath
Cup'd Lobby WG-35-05
Bath Room WG-32-06 Bed
Cup'd WG-34-04
WG-31-06 DN Cup'd
Cup'd
WG-35-04
WG-301 Cup'd
WG-304A WG-304B Central Corridor
WG-305 West Corridor West Corridor WG-302A
West Fire Escape East Corridor
WG-37-02 WG-35-01
UP WG-38-03 Cup'd Lobby
WG-40-03 WG-39-03 Room
Room Room
WG-308
WG-39-01 Riser WG-36-03
WG-37-01 Cup'd WG-35-03
WG-40-01 Studio WG-38-01 Living
Studio Studio WG-37-04
WG-38-05 Studio Bath
WG-39-02 Room WG-35-02
WG-40-02 WG-36-02 Bath
Room Room Bath
WG-36-01
Studio PROPOSED SCHEME
TYPICAL FLOORPLANS
By Department Legend
1 Bed 1 Person Studio The site is situated within the boundaries of Norwich City Council.
Website: http://www.norwich.gov.uk/
1 Bed 2 Person Apartment
2 Bed 3 Person Apartment
Circulation 3rd Floor
Fire Escape
Fire Escape 3rd Floor
Services
The buildings are not listed, nor do they fall within a conservation area.
WG-FA-Level 03 Proposed Scale 1 : 100
The site benefits from consent for 69 units and associated access delivered
as part of four separate consents:
WG-17-02 WG-17-03 WG-18-02 WG-20-01
Bed 1 Bed 2 Bed WG-18-01 Studio
WG-16-01 Living WG-19-02
Bed WG-16-02 WG-21-01
Living Studio
Living WG-19-01
WG-17-01 Bed
Living WG-22-01
WG-18-04 Studio
WG-16-03 WG-17-04 Lobby WG-20-02
Lobby Lobby Cup'd
UP WG-23-01
WG-17-05 WG-18-03
Bath Bath WG-18-05 WG-19-04 Studio
WG-17-06 Cup'd Lobby
WG-16-05 WG-16-04 Cup'd WG-21-02
Bath Cup'd WG-24-01
Cup'd WG-22-02 Bed
WG-19-05 BH-12-05 Cup'd
WG-204 Cup'd
West Fire Escape Bath WG-23-02
WG-206B Bath
1. Westlegate Permitted Development - 18/00651/PDD
WG-206A West Corridor
West Corridor WG-20-03
DN Bath WG-21-03 WG-24-03
WG-29-05 Bath WG-22-03 WG-23-05 WG-23-03 Bath
Cup'd WG-28-03 Bath Cup'd Lobby
Prior approval was granted in April 2018 for the conversion of the vacant
WG-30-05 WG-29-03 WG-28-05 WG-24-02
WG-30-03 Cup'd Bath WG-27-04 WG-201
Cup'd Bath Bath 2nd Floor Lobby Living
Bath
WG-29-04 WG-24-04
WG-28-04 Cup'd WG-24-05
WG-30-04 Lobby Lobby
Lobby WG-205B WG-26-02 WG-202B
Lobby
office accommodation in Westlegate to C3 Residential comprising 40
FR Lobby Cup'd East Corridor WG-202A
East Corridor
WG-29-01 WG-27-02
WG-29-02 Living Living WG-26-01 WG-25-02
WG-30-02 Bed WG-28-01 WG-28-02 Studio Cup'd
apartments (19 x studio, 17 x one bed, 4 x two beds).
Bed WG-30-01 Room Bed WG-205A WG-25-03
Living 2nd Floor Plantroom Bath
WG-26-03
Bathroom
WG-203
East Fire Escape
WG-25-01
Studio
WG-207
Services
‘Change of use from office (class B1(a)) to dwellinghouses (class C3) to
By Department Legend
1 Bed 1 Person Studio
provide 40 apartments.’
1 Bed 2 Person Apartment
2 Bed 3 Person Apartment
Circulation 2nd Floor
2. Westlegate Extension - 18/00642/F
A further two storey extension to Westlegate was granted full planning
Fire Escape
Fire Escape 2nd Floor
Services 2nd Floor
WG-FA-Level 02 Proposed Scale 1 : 100 consent in August 2018 to provide for 9 apartments. The consent also
includes the change of use of the retail units to facilitate access to the
apartments (1 x studio, 6 x one bed, 2 x two beds).
‘Upward extension to provide 9 residential dwellings (Class C3) within two
new storeys, the change of use of one retail unit (Class A1) to provide
access to residential units, provision of bin and cycle storage and exterior
alterations to the building facade, windows, doors and roof.’
By Department Legend
3. Boars Head Permitted Development - 18/00652/PDD
BH-6-02
BH-6-03 By Department Legend
Planning consent was granted in April 2018 for the conversion of vacant
Bed 2
Bed 1
1 Bed 1 Person Studio BH-13-03
1 Bed 1 Person Studio Cup'd
1 Bed 2 Person Apartment 1 Bed 2 Person Apartment BH-13-01
office accommodation in Boars Head to C3 Residential comprising 20
UP Studio
2 Bed 3 Person Apartment BH-6-01
Living 2 Bed 3 Person Apartment
2 Bed 4 Person Apartment BH-6-06 BH-6-04 BH-13-04
Lobby Bath Circulation Bath
Circulation DN Fire Escape
apartments (6 x studio, 11 x one bed, 3 x two beds).
BH-7-01 BH-6-05 BH-13-05
Fire Escape Living Cup'd Services Cup'd DN
BH-15-01
Services Studio
BH-20-3 BH-14-03
BH-7-02 Bath Bath
‘Change of use from offices (Use Class B1(a)) to dwellinghouses (Use
Bed BH-15-03
Cup'd
BH-7-04 BH-7-03
Lobby Cup'd
BH-8-02
Bed
BH-7-05
Bath
BH-20-01
Studio
BH-15-02
Bath
BH-14-01
Studio
Class C3) to provide 20 apartments.’
4. Boars Head Entrance Change of Use - 18/00641/F
BH-8-03 BH202 BH-16-02
Bath Corridor Bath
BH-8-04 BH302
New pre-cast concrete Lobby New pre-cast concrete
staircase complete with staircase complete with BH-16-01 Corridor
metal railings and handrail BH-8-01 BH-20-02 metal railings and handrail Studio BH-14-02
Cup'd
Planning consent was granted in July 2018 for the change of use and
Living Cup'd
BH-8-05 BH-16-03
Cup'd BH205 Infill existing floor where Cup'd BH306 Infill existing floor where
Services existing staircase has Services existing staircase has
been removed.
been removed.
UP
reconfiguration of the ground floor entrance and part of the adjacent
BH204
BH Fire Escape Rear
BH304
BH Fire Escape Rear
BH-201
retail unit to facilitate access to the apartments.
Form new opening in
2nd Floor Stairwell external wall and install
New internal party wall new external grade UP New internal party wall UP
acoustic and min timber fire door complete acoustic and min
60minute fire separation DN with escape hardware. BH301
60minute fire separation 3rd Floor Lobby
DN
BH-9-09
Bed 2
BH203
DN
‘Change of use and reconfiguration of existing street level office entrance
BH307
(Class B1(a)) and part of adjacent retail shop (Class A1) to provide residential
BH206 Corridor BH-12-04 BH308 Corridor
Services Cup'd Services
BH-9-08
Bath BH-17-01 BH303
Living Fire Lobby
BH-202 BH-12-03 BH-12-05 BH-19-03
access (Class C3) to upper floor residential units, provision of bin and
Fire Lobby Bath Lobby BH-19-05
Cup'd Bath
BH-9-07 BH-11-05
Cup'd Cup'd BH-11-03 BH-12-01 BH-19-04
BH-11-04 Bath Living BH-17-06 Lobby BH305
BH-9-06 Lobby
Lobby Lobby Plantroom
cycle storage, exterior alterations to the existing building, provision of new
BH-18-05 BH-18-03
BH-9-01 BH-12-02 Cup'd Cup'd
Living BH-10-05 BH-10-03 Bed
Cup'd BH-17-02 BH-18-04 BH-19-01 BH-19-02
Bath Living Bed
BH-11-02 Bed 2 Lobby
BH-10-04 BH-11-01 Bed
windows, roof alterations and alterations to the rear service yard area.’
Lobby Living
BH-9-05 BH-17-05
Cup'd Cup'd
BH-18-02
BH-10-01 BH-10-02 BH-18-01 Room
BH-9-04 Living Bed Living
Cup'd
BH-17-04
Bath
BH-9-02 BH-17-03
Bed 1 Bed 1
BH-9-03
Ensuite
New internal apartment New internal apartment
walls to comprise of walls to comprise of
robust metal stud robust metal stud
partitions complete with partitions complete with
acoustic batts. acoustic batts.
BH Level 02 Proposed PA Scale 1 : 100
COMMUNITY INFRASTRUCTURE LEVY (CIL)
BH Level 03 Proposed PA Scale 1 : 100
The development will be subject to Norwich City Council CIL which we understand
the council have calculated to be £79,018.53 in relation to the consented extension.WESTLEGATE & BOARS HEAD
NORWICH NR1 3LT
EPC
Available upon request.
VAT
The property has not been elected for VAT.
FURTHER INFORMATION
For access to the Allsop Data Room please use the following link:
https://datarooms.allsop.co.uk/register/WestlegateBoarsHead
PROPOSAL
Offers sought in excess of £7,000,000 (Seven Million Pounds) subject to contract and
exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 9.4%
assuming standard purchaser’s costs on the retail accommodation and a
low £71.86 psf on the NSA of the consented residential accommodation.
VIEWING ARRANGEMENTS
For further information or to make arrangements for viewing please contact:
Residential Investment & Development: Commercial National Investment:
Andrew Boyd Victoria Barron Dale Johnstone Lottie Hayward
020 7344 2609 020 7344 2636 020 7543 6796 020 7543 6750
andrew.boyd@allsop.co.uk victoria.barron@allsop.co.uk dale.johnstone@allsop.co.uk lottie.hayward@allsop.co.uk
allsop.co.uk
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied
on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and
contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of
each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop
is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 10.18You can also read
