A Substantial Commercial and Residential Ground Rent Investment Producing £62,500 per annum. Offered with Potential for Residential Redevelopment to the Rear of the Property (Subject to Obtaining all Relevant Consents).
The property comprises a mid terrace building arranged to provide a double fronted restaurant over ground and part first floor with basement storage and four self contained flats over part first and second floors (all sold off on long leases with peppercorn ground rents).
The property occupies a prominent position in the heart of Norwich city centre. Nearby multiples include Intu Chapelfield Shopping Centre, Norwich Market and numerous local established traders. Transport links are provided by both Norwich rail station and Norwich International Airport.
The ultimate holding company of Premium Dining Restaurants and Pubs Limited is Greene King PLC. Current Rent Reserved £62,500 per annum
VAT is not applicable
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.