Substantial city centre freehold restaurant, three bedroom flat and offices with parking. Currently let to an established tenant paying £32,000 pa

This prominent city centre premises offers over 5,600 sq/ft of space which comprises of a large restaurant, kitchen and ancillary space on the ground floor along with a three bedroom flat and extensive office/storage space on the first floor. There is also a large yard and parking area approached from Wensum Street. The current tenancy runs from 3rd November 2016 for 25 years with a current rent passing of £32,000 with a review outstanding. This valuable freehold property could have future development potential being located in a very central area of mixed residential and commercial property.

Tenure

Freehold

Ground Floor

Restaurant and bar, kitchen, store, ladies and gents toilets

First Floor

Three bedroom flat with lounge, kitchen area, shower room, large open plan office.

Outside

Parking area and storage land approached from Wensum Street.

Council Tax Band

C

Business Rates

Current rateable value from 1 April 2023 to present: £30,500

Viewings

Viewings are being arranged by appointment only and the next viewings are Friday 13 and Friday 20 October. Please call the Norwich Office to arrange 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

Norwich City Council

Solicitors

Ward Gethin Archer (Dereham), Ref: Tracy Guest, Tel: 01362 852918

Additional Fees

Buyer's Premium - £900 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.