A high profile restaurant on the North Norfolk coast with extensive living accommodation Planning passed for residential conversion into seven apartments and managers accommodation.
A highly popular and highly regarded family owned business which traded for many years as a Greek restaurant and entertainment venue. There is a four bedroom owners flat, a three bedroom flat with sea views, which is currently let producing a gross income of £13,400 pa and a studio flat which could produce a further added income. The premises are in a very prominent and busy holiday area and is delightfully situated on the North Norfolk coast between Cromer and Sheringham. The property has ceased trading but could reopen at short notice or there is planning for change of use into seven holiday lets and caretaker accommodation. There is also a large carpark which could have further potential. This rare opportunity is being offered due to retirement and viewing is highly recommended.
Tenure
Freehold
Existing accommodation
Ground Floor: Reception area, bar, function room, restaurant areas, kitchen, storage room, ladies and gents toilets, cloaks area. First Floor: Owners living accommodation (lounge, 3/4 bedrooms, bathroom) Self contained three bedroom flat (currently let producing £1,000 per calendar month plus £200 per month contribution to bills) External studio/bedroom with ensuite shower room.
Outside
Formal garden areas, extensive customer car park (approximately 0.3 acre)
Viewing
Open viewings can be arranged. Please call the Norwich office to book an appointment.
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
North Norfolk District Council
Solicitors
Ward Gethin Archer, Ref: Tracy Guest, Tel: 01362 692182
Offered in association with
Fine and Country
Important Notice to Prospective Buyers:
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.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a miniumum 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.