Commercial Property
Greyfriars House 18-20, Prince of Wales Road, Norwich, Norfolk NR1, UK
£350,000
30 July 2025
GUIDE PRICE
AUCTION DATE
This prominent three storey freehold office building extends to around 5,410 sq/ft. The ground floor provides two self contained office/retail units and the first and second floor provides primarily open plan office accommodation accessed from a separate ground floor entrance. The property benefits from suspended ceilings incorporating Cat 2 lighting, security alarm and air conditioning to part, internal lift (not currently in use), ground, first and second floor toilet facilities and disabled wc. The upper two floors offer potential to convert to residential subject to the necessary consents. Freehold 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) 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. The Valuation Office Agency website indicates that as from April 2023 the property have the following Rateable Values. Ground Floor Retail £24,750 Ground and First Floor Offices £27,250 Second Floor Offices £22,000 These are not the annual rate 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. Please note VAT will be applicable to this lot Current Rating D Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Norwich City Council AK Law, 15 Spring Bridge Mews, Ref: Rezan Kaya, Tel: 02038298833 We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Buyer's Premium - £960 inc VAT payable on exchange of contracts.
Greyfriars House, 20 Prince of Wales Rd, NR1
Guide Price
£350,000
Auction Date
30 Jul 2025
Time
10:00
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.