*Guide | £200,000 (plus fees)
- Restaurant
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Restaurant premises currently let producing £15,000 pa
The property comprises a three-storey mid-terrace building currently occupied by Dhaba 15, an established Indian restaurant in occupation since 2013. The ground floor provides a restaurant and commercial kitchen, with additional seating and residential accommodation to the upper storeys. To the rear of the building are some attached stores fronting onto Thoroughfare Yard. The property is located on Magdalen Street, a short distance from Norwich city centre and the Anglia Square redevelopment scheme. The area is known for its wide array of independent retailers and leisure operators.
Tenure
Freehold
Accommodation
Name sq ft sq m Ground - Restaurant 443 41.16 Ground - Kitchen 212 19.70 Ground - Rear stores 198 18.39 1st - Restaurant 257 23.88 2nd - Flat 838 77.85 Total 1,948 180.98
Terms
The property is offered for sale on a freehold basis, subject to the current 15-year fully repairing and insuring (FRI) lease on the restaurant and flat, expiring 30th July 2028. The passing rent is £15,000 per annum. The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954.
VAT
VAT is applicable to this Lot.
Business Rates
£11,250 from 1st April 2026
Energy Efficiency Rating (EPC)
Current Rating B
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
Peter Colby Commercials Ltd, Ref: Sarah Garlish, Tel: 01603253313
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
Administration Charge - £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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
