*Guide | £750,000+ (plus fees)
- Restaurant
- 4 Bedrooms
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
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).
Tenure
Freehold
Location
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
VAT is not applicable
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
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 - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
