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 can be arranged. 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, Tel: 07401 242411

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 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.