Business for Sale in Norwich, Norfolk - BAR & POTENTIAL RESTAURANT - PRIME NORWICH CITY CENTRE LOCATION - Leasehold: £95,000

Key Information

Ref
R33916E
Type
Pubs Businesses: Bars
Location
England: Norfolk
Tenure
Leasehold
Status
Sold
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EM&F are delighted to have the opportunity to bring to the market this substantial property which in our opinion is set in the best position on the most requested street in Norwich City centre. Offering a fabulous opportunity for someone new to develop the business and expand the food offering to create a desirable ‘go to’ venue.

A property like this, in a location such as this, does not come on the market very often and so interest will be high. This is not one to hesitate over and we recommend contacting us as soon as possible to arrange a viewing.

THE BUSINESS ITSELF

Currently set up as two separately branded bars, the main general bar being on street level with a cocktail bar situated on the first floor with its own access. The vendor originally ran the upstairs bar only however when the downstairs became available he was able to take a lease for the whole building. The vendor is unable to develop the business to its full potential however by taking the lease of the whole building this now provides the opportunity for someone else to do so.

Turnover, whilst at a decent level, is held back by the more limited offering currently available however with what the building comprises of, the scope to achieve a significant level of turnover is easy to see. For someone with the vision and the way for all the building provides the chance to create something special in a location known for its high quality restaurants and bars.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

This impressive building is set over 4 floors and offers extensive accommodation which can be utilised in a variety of ways to suit the new owner of the business.

At street level is the main bar which is extremely well presented, double fronted with floor to ceiling windows looking out onto St. Benedicts Street as well as St. Gregory’s Alley. Currently set out with bar and stools in the windows and plenty of room to stand around the main drinks bar with step down to an area set with table and chairs with toilets off. To the rear of the bar is a kitchen area which whilst not fully fitted out does have the benefit of a large commercial extraction unit and offers scope to open up or extend to provide full catering facilities.

The basement is a very good size, is dry, has all utilities to it and is split into 3 rooms which currently are set as a washing room with large s/s sink and dishwasher. The middle room has a range of fridge and freezers and the back room is used a drinks store. There is scope for the basement to be put to more better use as part of the redevelopment of the building.

On the first floor is the cocktail bar with the main bar room providing 28 covers on table and chairs with additional bar stools. There is an additional room with 2 high tables and chairs which provides a quirky private drinking room. Lastly on this floor is a well presented W.C and cloakroom.

Finally on the top floor are two large rooms currently used as an office and storage. There is also a large kitchen/dining room. The kitchen area is of a good size and well fitted. There is also a large W.C on this floor which we believe could accommodate a shower if required.The accommodation on this floor could potentially be utilised as an owners apartment subject to any consents required or alternatively could be incorporated into the business.

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