Substantial Grade II listed restaurant / retail property in prime town centre location

The property is a period building currently fitted as a restaurant premises. It was previously let to Prezzo, the Italian restaurant chain, and is now to be sold with vacant possession. Prior to that it was a retail shop and therefore may offer potential for various retail and leisure uses, subject to obtaining any required planning, licensing, and statutory consents. It is in good decorative order with modern fixtures and fittings and occupies a prime high street pitch adjoining Greggs and Nationwide. The Valuation Office Agency website indicates that it has an area of 404.1 sq/m, and the 2017 Rateable Value is £36,750. As it is listed and vacant there are no rates to pay. This is rare opportunity to buy a freehold prominent town centre building with a range of potential uses.

Tenure

Freehold

Floor Areas

Ground Floor (dining) 2,068 sq ft, 192.1 sq m First Floor (kitchen & ancillary) 1,049 sq ft, 97.5 sq m Attic storage area

Ground Floor

Retail / restaurant area, unisex toilets, separate disabled toilet, hallway leading to Nelson Place

First Floor

Staff toilets, kitchen, office, store room, prep room, fire escape to rear

Second Floor

Two attic storage rooms

Location

Dereham is one of Norfolk’s principal market towns and sits centrally within the county, just off the main A47 trunk road, some 15 miles west of Norwich and 25 miles east of King’s Lynn. The resident population has grown over recent years to around 18,000 and the district population to 128,300. The property occupies a prime position in the town centre at the junction of Market Place, High Street and Nelson Place. Occupiers of note in close proximity include Greggs, Costa, Wetherspoons, Boots, Superdrug, Argos, Poundland and Co-op.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Breckland Council

Solicitors

Hewitsons, 50-60 Station Road, Ref: Emma Bowman, Tel: 01223 532717

Offered in association with

Roche

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.