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For Sale or To Let
www.sentinelhouse-norwich.co.uk
SentinelHouse
37-45 Surrey Street, Norwich NR1 3UY
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• Up to 103,196 sq ft (9,587 sq m)
• 134 on-site car parking spaces (1 space: 770 sq ft) ▲ ▲ ▲
• Situated in a highly prominent position on the inner ring road
• Available as a whole, or in part
• Suitable for alternative uses (subject to planning)
Norwich
The city of Norwich is the commercial
and administrative centre of East Anglia,
and Norfolk’s principal city. It has a
resident population of 132,200, a travel
to work area of 376,500 people and is
also in the top 10 retail centres in the UK.
Major employers include Aviva,
Virgin Money, Anglian Windows
and Kettle Foods.
The city also has two universities, namely
the University of East Anglia and the
Norwich University of the Arts. The
Norwich Research Park is a world leader
in the field of environmental, food and
plant sciences, and has been earmarked
for significant expansion over the next
few years.
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John Lewis
Aviva HQ
Sainsbury’s
The Castle
Bus Station
Queens Road
Marks & Spencer
Cathedral
Market
University of the Arts
Sentinel House
Location
Norwich is situated approximately 110
miles north-east of London, 60 miles
north-east of Cambridge and 42 miles
north of Ipswich.
The A11 connects Norwich to Cambridge
and beyond to the M11, with accessibility
having been further improved by the
widening of the A11. The A140 provides
a link to Ipswich, and the A47 to Great
Yarmouth in the east and King’s Lynn,
Peterborough and beyond to the Midlands
in the west.
Norwich railway station, which is under 1
mile to the north-east of Sentinel House,
provides two train services per hour to
London Liverpool Street, with the journey
time taking 1 hour, 50 minutes. There is
also a regular service to Cambridge and
beyond to the Midlands.
Norwich International Airport offers
flights to both domestic and European
destinations, with four daily flights to
Amsterdam Schiphol Airport. London
Stansted Airport is the fourth busiest
airport in the UK, and is 85 miles to the
south-west.
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Photography supplied courtesy of www.visitnorfolk.co.uk
The Forum
Norwich Railway Station
The Cathedral
Situation
Sentinel House is situated in a highly prominent position close to the city centre and on the southern side of Surrey Street. It benefits from an extensive frontage onto Queens Road, which forms part of the city’s inner ring road.
The A11 and A140 are within a short drive of the St Stephens Street roundabout, and the building also benefits from being within a two minute walk of Norwich bus station, where there is also a Travelodge hotel.
The John Lewis department store is within a short walk via All Saints Green, as is the Chapelfield Shopping centre via Surrey Street and St Stephens Street. There is a Sainsbury’s superstore opposite the building on Queens Road.
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Description
Sentinel House comprises a substantial, predominantly brick-built property of steel frame construction under a metal pitched roof, which was constructed in 1990.
The building provides office accommodation on ground and four upper floors, with plant on the fifth floor and plant/storage at lower ground level. The main entrance is off Surrey Street, and there is a secondary entrance on All Saints Green.
The building has two core areas, namely “Surrey Street” with three passenger lifts, and “The Hexagon” with two passenger lifts and a ground floor goods entrance. There are two wings each off these cores, which allow the building the flexibility to be sub-divided vertically, as well as on a floor-by-floor basis.
The vast majority of all the floors provide flexible open plan space and most have a small number of separate offices/meeting rooms constructed with demountable partitions. The natural light is good and there are WCs in the Surrey Street core and at the end of the Queens Road wing. On the ground floor there is an impressive conference room.
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ED & Ward Bdy
26.2m
27.7m
Winalls Yard
ALL
SAIN
TSG
REEN
SURREYSTREET
SURREY GROVE
Chapel Loke
Car Park
46
50
52
47
44
55
131to139
32to38
111
PH
123to129
54
37
CarltonGardens
House
El Sub Sta
Ivory
61
1
Saints Court
56
Thomas Ivory House
55
40
StCa
ther
ine's
Hous
e
21
1516
109
Norfolk Towers
113to115
The Old Bakery
Posts
335
1
51
233
25to
27
Area: 0.960ha (2.37ac)
0m 10m 20m 30m
Drawing Number : A.46,644O.S. Ref: TG 2307 NW
Date: 09/02/2015
Sentinel House,37-45 Surrey Street, Norwich, NR1 3UY
Ordnance Survey © Crown Copyright 2015. All rights reserved.Licence number 100022432. Plotted Scale - 1:1250
t : 01603 763939bidwells.co.uk
BIDWELLS
SpecificationThe following specification is provided:
• Comfortcooling• Perimeterradiators• Raisedfloors• Carpetsthroughout• Suspendedceilingswithrecessedlighting• Doubleglazedwindows• Largegroundfloorconferenceroom, capable of being split into 2/3 smaller meeting rooms• Generoussizedkitchenswithbreak-out areas on each floor• Five16-personpassengerliftsproviding access to all floors
• Twoshowerfacilities
AccommodationThe following net internal areas are provided:
The site area is 2.4 acres (0.97 hectares).
Car Parking
A total of 134 under-croft, decked and surface car parking spaces are provided (3 of which are disabled). At one space per 770 sq ft, this represents a very generous ratio for a city centre building of this nature. There are also 34 marked motorcycle spaces and secure and covered external stores for 236 bicycles.
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Typical Upper Floor Layout
Site Plan
Ground Floor Layout
Floor Size (sq ft) Size (sq m)
Lower Ground 2,933 273
Ground 25,569 2,375
First 23,596 2,192
Second 23,596 2,192
Third 21,150 1,965
Fourth 6,352 590
Total 103,196 9,587
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The Norwich Office Market
Whilst the supply of offices, both in the city centre and out-of-town, has remained relatively static over the last three years or so, occupational take-up has steadily improved, with thenumberofenquiriesincreasing,aswellasthesizeoftherequirements.
Much of the current demand is expansion-led, and there are very few opportunities to acquire large floor plates over 10,000sqftinsizeinthecitycentre.Theupturninmarketconditions, coupled with an improving economy will lead to pressure on rents for the better quality offices. Grade A space is now only approximately 17% of total supply and reducing, which has led to an improved appetite for refurbishment opportunities.
The Norwich Residential Market
There is currently a strong level of demand for city centre flats and apartments, especially for well-located areas which are accessible to the main transport links. With the relatively limited supply of good quality existing units, this has led to price rises of over 5% over the last 12 months.
The vibrant city centre culture with its excellent shopping and leisure facilities is proving popular with young professionals. There is also encouraging demand for investment properties from both professional landlords and smaller private portfolio owners.
A number of centrally located commercial buildings now benefit from a change of use opportunity to residential obtained under permitted development rights.
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Basement car parking
The CastleGentleman’s Walk
Planning The property falls within the jurisdiction of Norwich City
Council where the development plan currently comprises:
• The Joint Norwich Area Core Strategy (JCS)
• The Site Allocations and Site Specific Policies Plan
• The Development Management Policies (DMP)
ThekeypolicyfromthecommercialperspectiveisDM19:
Offices – Protection of High Quality Office Space and,
fromaresidentialperspective,policyDM13whichrelates
to flats, bed-sits and larger houses in multiple occupation
(HMO’s). As such, the property is deemed to be suitable
for a mix of uses to include offices, residential, student
accommodation and leisure, subject to planning.
A copy of a planning report prepared by Porta Planning
is available upon request.
TenureThe property is held on a long 150 year lease to expire in
June 2134 leaving circa 119 years unexpired.
The current rent passing is £100,000 per annum, which is
subject to upward only five yearly reviews geared to 10%
of the rack rental value of the property, with the next rent
review being on 24 June 2019.
Business RatesSentinel House comprises two separate Rateable Value
assessments in the 2010 list. The RV of the main building
is £1,190,000 and the RV of the surfaced open car parking
is £43,500. Interested parties are advised to make their
own enquiries of the Local Rating Authority.
EPCThe property has an EPC rating of 87, which falls within
band D. A copy of the EPC is available upon request.
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Viewing/Further Information
For further information or to arrange a viewing,
please contact the joint agents:
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions or through the website www.commercialleasecodeew.co.uk. Disclaimer: these particulars do not constitute an offer or contract or any part thereof. The agents do not make or give either in these particulars or during negotiations or otherwise any warranty or representations whatsoever in relation to this property. All measurements are given as a guide and no liability can be accepted for any errors arising there from. All statements are made without responsibility on the part of the agents or there vendors or lessors, and no responsibility is taken for any omission, error or mis-statement. All intending purchasers or tenants must satisfy themselves as to any matter concerning the premises, by inspection, independent advice, or otherwise. All rentals and prices are quoted exclusive of VAT unless confirmed otherwise. April 2015.
GREAT YARMOUTH
THETFORD
LOWESTOFT
NORWICH
CROMER
KING’S LYNN
SPALDING
PETERBOROUGH
CAMBRIDGE
COLCHESTER
BURY ST.EDMUNDS
IPSWICH
CHELMSFORD
STEVENAGE
BEDFORD
ROMFORD
M11
M25
A1(M)
A1(M) A12
A14A14
A14
A12
A11
A140
A11
A10
A47
A47
A17
A47
M1Surrey Street
Inner Ring Road
Railway Station
Riverside
Norwich CityFootball Club
Theatre Royal
ChapelfieldShopping Centre
TheCastleThe
Market
NorwichCathedral
JohnLewis
A147
A147
A1242A147
A11
AngliaSquare
Heigham Street
Dereham Road
Prince of Wales Road
Ber Street
King Street
Rouen Rd
William Jones
01603 229 321
Chris Squirrell
01603 229 323
Simon Fitch
0207 338 4233
Ricky Poonia
0207 338 4894
Sentinel Housewww.sentinelhouse-norwich.co.uk
TermsVacant possession is available from October 2015.
Expressions of interest are now being invited to either
purchase the long leasehold interest in the whole or take
a lease of part or all of the property.
Price/Rent
On application.