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Greyfriars House, 18-20 Prince Of Wales Road

Norwich, Norfolk, NR1 1LB

5,410 sqft

Description

The premises comprise a terraced three storey office building. The ground floor provides two self contained office/retail units fronting Prince of Wales Road. The first and second floor provides primarily open plan office accommodation accessed from a separate ground floor entrance. The property benefits from the following specification and features:

  • Residential conversion opportunity subject to planning
  • Prominent position on Prince of Wales Road
  • Sheltered recessed entrance to the upper floors with level access
  • Suspended ceilings incorporating Cat 2 lighting
  • Disabled WC facilities and carpeted floors
  • Security alarm and air conditioning to part
  • Ground, First and Second Floor WC's facilities
  • Internal lift (not currently in use)
  • Nearby Public parking: Rose Lane Car Park and Prince of Wales Road

Location

The property is located on Prince of Wales Road, which is the main thoroughfare from the city centre and Tombland to the Riverside complex and train station. The area is a mixture of bars, offices, and residential accommodation and within easy walking distance to the main shopping areas of Chantry Place and Castle Quarter.

Energy Performance Certificate

The property is assessed separately and currently has an Energy Performance Asset Rating of D (85), D (80) and D (87). A full copy of the certificates are available upon request.

Accommodation Description

The property is arranged over ground, first and second floor with a total net internal floor area of 5,423 sq ft (410.9 sq m).

Ground Floor Office 1,000 sq ft (92.9 sq m)
Ground Floor Retail 987 sq ft (91.7 sq m)
First Floor Office 1,675 sq ft (155.6 sq m)
Second Floor Office 1,748 sq ft (162.4 sq m)

Planning

We understand the current uses fall within use class E and therefore could suit other uses within the same use class. We recommend interested parties make their own enquiries of the local planning authority to establish the current use and the potential for other uses.

Terms

The freehold interest is offered for sale with vacant possession. The seller reserves the right to charge VAT on the sale price.

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.

Rates

The Valuation Office Agency website indicates that as from April 2023 the property has the following Rateable Values. These are not the annual rates payable. The rates payable will depend on the occupier's circumstances and can be obtained from www.gov.uk/correct-your-business-rates which includes a rates payable calculator.

Ground Floor Retail £24,750
Ground and First Floor Offices £27,250
Second Floor Offices £22,000

Legal costs

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

Plant and Equipment

Mains electricity and water are connected. None of the systems or equipment in the property have been tested by us to ensure that they are in working order. Prospective tenants may wish to make their own investigations.

Who to contact

Ben Common

Roche Chartered Surveyors

01603 756340
07917 762230
benc@rochecs.co.uk

Sam Kingston

Roche Chartered Surveyors

01603 756333
07796 262472
samk@rochecs.co.uk

News and Press

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    Roche Chartered Surveyors Announces Key Promotions and Leadership Changes
    August 2024

    Roche Chartered Surveyors Announces Key Promotions and Leadership Changes

    We are excited to share several significant promotions and leadership changes, reflecting the ongoing growth and evolution of our team.


    Graham Jones and David Hall, who have both made invaluable contributions as Salaried Partners, have been promoted to Equity Partners. Their elevation to this new role is a testament to their dedication and the pivotal roles they have played in our firm’s success.


    In our Agency and Project and Building Consultancy teams, Ben Common and Sam Freakley have been promoted to Senior Surveyors. Ben’s work in the Agency team and Sam’s contributions to the Project and Building Consultancy team have been exceptional, and we are proud to see them step into these senior roles. Additionally, Hiedi Collis has been promoted to the position of Agency Surveyor, further strengthening our Agency team.


    We also want to recognise the contributions of James Allen, our longest-serving Partner and former Senior Partner. After many years of outstanding service, James has chosen to step down from his Partner role to take on the position of consultant. James will continue to serve his existing clients and oversee ongoing projects, ensuring continuity and maintaining the high standard of service that Roche is known for.


    Our Managing Partner, Sam Kingston, says: “These promotions highlight the depth of talent within Roche and our commitment to recognising and rewarding the hard work and achievements of our team members. I am delighted to welcome Graham and David as Equity Partners and congratulate Sam, Ben, and Hiedi on their well-deserved promotions. We also extend our heartfelt thanks to James for his remarkable contributions and look forward to his continued involvement as a Consultant.”

    Roche provides building consultancy for Fuel Studios
    July 2024

    Roche provides building consultancy for Fuel Studios

    Roche have provided building consultancy advice at the property over a number years, including overseeing a number of major refurbishment projects, renewal of major mechanical and electrical services and planned maintenance. Due to this relationship, Roche have unique insight and knowledge of the property.

    The owners of the property have taken the decision to sell the freehold of the property and wanted to provide a comprehensive seller’s pack to any interested parties.  David Hall MRICS, the partner heading Roche’s Project and Building Consultancy team undertook a full RICS compliant due diligence survey of the property, teaming up with external Mechanical and Electrical engineers to provide a report.

    The client now has a fully detailed set of information to provide to any interested parties and give them a realistic view of the property, the issues it faces and the works required in the future to keep the property in good condition and compliant with all legislation and regulations.

    David Hall said, ‘The property is large and complex with many challenges, our background knowledge of the property meant we were uniquely positioned to provide an in depth report providing a rounded picture of the condition and challenges the building faces. The speed of response from Roche and the team of consultants was important to meet the client’s tight time frames’.

    Pimms & Petanque championships 2024
    July 2024

    Pimms & Petanque championships 2024

    It was wonderful to host guests for our 28th annual Pimms & Petanque championships at the stunning Hoveton Hall estate.

    Despite a rainy June, we were fortunate with the weather and even enjoyed rare sunshine as our guests came together for some very competitive play across two weeks.
    In week one despite the occasional bout of drizzle we managed to get through all the group games and then the finals, with Ben Common’s team the ‘Marseille Musketeers’ (Norwich City Council, Peter Colby and Alan Boswell) emerging the victors to claim the prestigious Roche Shield with a dominant performance against Sam Kingston’s team the ‘Paris Pitchers’ (Price Bailey).

    Special mention to the ‘Calais Chuckers’ (Leathes Prior Solicitors) for going the extra kilometre to claim the French Dressing for the best dressed team
    In week two the group games were very competitive with the standings going down to points difference. In the finals, the champagne and much coveted Roche Cup went to the Birketts LLP team the ‘Lyon Lobbers’, captained by David Hall beating Adrian Fennell’s team the ‘Rouen Rollers’ (comprising FOUR Agency and Real Consulting).

    Congratulations also go to the ‘Calais Chuckers’ (Mills & Reeve) for the extra special effort made with their French themed attire resulting in them claiming the French Dressing for the best dressed team.
    Thank you to everyone for making it such a wonderful event, we are already looking forward to the 2025 championships.

    New build industrial unit let at Snetterton Business Park 
    May 2024

    New build industrial unit let at Snetterton Business Park 

    Roche Chartered Surveyors has completed the letting of a new build 16,440 sq ft industrial unit on Plot 4 at Snetterton Business Park to M&A Coachworks, a supercar manufacturer-approved vehicle repair specialist. Acting on behalf of the Landlord, Roche were able to negotiate a new long term lease for the property in conjunction with Dangerfield Property who represented the Tenant.

    Ben Common, Surveyor at Roche said “This represents an excellent outcome for our client and enables M&A Coachworks to expand their operations into East Anglia within this high specification new build unit. The business park has seen a significant amount of development and expansion over the last few years and has become an established centre for distribution and employment”.

    Roche brings new redevelopment opportunity to the market
    May 2024

    Roche brings new redevelopment opportunity to the market

    Roche has been instructed to seek offers for £3.95 million for a prime freehold city centre property.

    Situated at 48/72 St Stephens Street, the subject property is on a highly prominent gateway location and sits on a key junction with the inner ring road.

    The area is surrounded by student accommodation and in close proximity to some of Norwich’s most desirable housing.

    St Stephens Street is Norwich’s high street and appeals to numerous retailers as well as benefiting from being the city’s primary bus route.

    The property is within close proximity to Chantry Place shopping centre, two multi-storey car parks (NCP, St Stephens Street (264 spaces) and Chantry Place (1000 spaces)), Norwich bus station and large retailers such as Marks & Spencer, Superdrug, WHSmith and Iceland.

    Formerly the Co-Op Department Store, the property spans 112,618sq ft (10,463 sq m) which has been divided into two retail stores – the former Poundland store and Wilkinsons.

    Adrian Fennell, partner at Roche, comments: “This property provides significant potential and is situated in a prime location. Norwich is an affluent city, and this presents the perfect redevelopment opportunity for interested parties to capitalise on.”

    Roche carried out a building survey on Grade I Listed former yarn mill for Jarrolds
    May 2024

    Roche carried out a building survey on Grade I Listed former yarn mill for Jarrolds

    Roche was engaged to carry out a comprehensive Building Survey to evaluate the condition of a Grade I Listed former yarn mill including the building fabric and any legal or regulatory issues facing the property.

    Upon receiving instructions, the property was surveyed within two weeks and the findings were reported on within four weeks.

    Located on Whitefriars in Norwich, the historical building was originally constructed as a yarn mill. Over its lifetime, it has been used for a variety of purposes and currently provides office accommodation over ground and five upper floors offering circa 28,000 sq. ft. of office and conferencing space.

    A detailed survey report was provided to ensure the client is fully aware of the condition of the property and the challenges facing it over the coming years. All recommendations were accompanied by cost estimates, giving the client an extensive overview of the condition of the property, any works required to rectify issues and plan for the future being fully informed.

    David Hall, Partner overseeing building surveying, commented: “It was fantastic to be involved in such a historically significant property and to be able to advise the client on the best strategies for its future preservation.”

    David Hall, Partner at Roche

    Broadland Business Park attracts new occupier
    March 2024

    Broadland Business Park attracts new occupier

    Roche has secured a new occupier at Broadland Business Park in Norwich.

    Veincentre, whose Norwich clinic is currently in Surrey Street, are to take a 1,200 sq ft lease in the prestigious Lakeside 500 office building, with the new facility on target to open in May. The company is the UK’s largest vein treatment provider and treats varicose veins, thread veins, leg ulcers and thread veins on the face at 33 clinics around the country.

    Roche is sole agent for Broadland Business Park, which offers both Grade A offices and prime development land for industrial and logistics uses. Veincentre’s tenancy is hot on the heels of four recent lettings on the Park to NatWest Bank, Barratt David Wilson Homes, Mott MacDonald and Optima Health and Optima Health.

    “It is very heartening to be able to report exceptional interest in Broadland Business Park over recent months, with Veincentre being the latest new occupier to make the move to Broadland. Interest in the offices as well the industrial and logistics plots has been growing and remains strong across the whole of the Park.”

    James Allen, Partner at Roche
    St Benedicts Street welcomes Rural Hair & Co
    March 2024

    St Benedicts Street welcomes Rural Hair & Co

    On behalf of TCNUK, Roche Retail is delighted to announce the letting of 8 St Benedicts Street, Norwich, to Rural Hair & Co. Situated in the heart of the Norwich Lanes district, the property occupies a prime position amongst a number of well-established retailers and restaurants.

    “This is an exciting new addition to St Benedicts Street which remains a vibrant and popular part of the city. I wish Rural Hair & Co all the very best with this new venture and expansion into the city.”

    Ben Common, Surveyor at Roche

    Large North Norfolk factory sold
    February 2024

    Large North Norfolk factory sold

    Roche has completed the sale of large former factory premises in North Walsham.

    Robertson House is located in a prominent position at the entrance to the town’s principle industrial estate. The 3.71 acre site is currently occupied by 41,592 sq ft of buildings comprising workshop and warehouse accommodation with a two-storey office, forecourt parking and a rear yard. Also at the rear is large area of undeveloped land.

    The new owners are planning convert and develop the site to create a number of smaller units as a new industrial business park.

    “We are delighted to complete this sale. Large freehold sites such as this are rare and highly sought-after, and the location of Robertson House at the entrance to North Walsham’s main industrial area also made it a very attractive and cost-effective proposition for both developers and potential occupiers.”

    Graham Jones, Partner at Roche
    Norwich city centre bank sold
    February 2024

    Norwich city centre bank sold

    Roche Retail, acting jointly with BWD, has completed the sale of 69 London Street, Norwich, on behalf of The Co-operative Bank.

    “After significant levels of interest in the premises, it was an excellent result to have agreed a sale significantly in excess of the asking price of £335,000 on behalf of our client. The sale demonstrates that city centre high street property remains very much in demand, and I look forward to seeing what is next in store for this historic building.”

    Ben Common, Surveyor at Roche