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Office

Office For Sale Thetford

PROPERTY ID: 145491

PROPERTY TYPE

Office

STATUS

Available

SIZE

5,122 sq.ft

Key Features

Professional tenant mix
Producing £46,750 per annum exc
Net initial yield 8.8% (assuming purchasers costs 6.8%)
Town centre location
The property current has two separate EPC certificates with the following ratings: B (44) C (53)
The property is let to three separate tenants, further lease details are in the tenancy schedule.

Property Details

Thetford is a South Norfolk market town with a well established commercial base, located approximately 31 miles from Norwich via the A11 and 15 miles from Bury St Edmunds, via the A134. The town has a railway station with a direct service to Norwich and the northwest. The property is situated in the town centre on the corner of Guildhall Street and Cage Lane, close to the market square. The surrounding area is predominantly commercial, with a mix of service led retail, takeaway restaurants and traditional retailers such as Roys. Public car parking is located nearby at Cage Lane.

The Property Is A Fully Occupied Two Storey Commercial Building, Built Around The 1960's 70's Of Brick Construction, With Full Height Windows And A Flat Roof. The Property Is Let To Three Separate Tenants And Produces A Total Current Rent Of £46,750 Per Annum. Situated In Thetford Town Centre, The Building Provides Well Appointed Office And Retail Accommodation Arranged Over Ground And First Floors. Having Undergone A Number Of Recent Improvement Works Including Re-decoration, Led Lighting And New Wc Facilities. Each Unit Is Self Contained, With Shared Access To A Communal Accessible Wc. Externally There Are Four Car Parking Spaces. The Entire First Floor Is Occupied By Metcalfe Copeman & Pettefar Llp, A Long Established Regional Firm Of Solicitors. The Ground Floor Is Split Into Two Separate Units And Let To Terry Jermy Mp As A Constituency Office And Insight Optical Limited, Trading As 'scott's Opticians'. Both Ground Floor Units Have Undergone Refurbishment And The Opticians Has Been Reconfigured And Finished To A High Standard.

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About the Agent

Eddisons; Bury St Edmunds

See Agent's Other Properties

Office Unit

£495,000 Freehold

Red Cross Building,Guildhall Street, Thetford, IP24 2DT
Office - Available
5,122 sq ft
476 sqm
Show phone number

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