Commercial premises in Prince of Wales Road currently producing £28,000 pa
Commercial premises situated within a popular night club area of Norwich city centre. The property is currently let as a bar and is producing £28,000 pa. We are advised the tenancy is for 12 years from August 2021. This substantial building is divided over four floors starting with a large cellar, bar/dance floor on the ground floor. A further bar, private function room (currently having works carried out) and ladies and gents toilets on the first floor and on the second floor further rooms now used for storage.
Tenure
Freehold
Basement
Large area in need of some attention currently used for storage
Ground floor
Entrance with stairs to first floor, cloak room, bar and dance floor with booth areas door to small outside space
First floor
Landing with stairs to second floor, ladies and gents toilets, private function room, cloakroom
Second floor
Landing, four reception rooms, small bar area, toilet facilities in need of repair
Note
The lot is being offered as and investment and the current business is not affected.
Viewings
Individual viewings are arranged for Monday 13 June. To book an appointment please call the Norwich office
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
Norwich City Council
Solicitors
Tweedie and Prideaux, Ref: Neal Aga
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 - £960 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.