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No longer on the market

This property is no longer on the market

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Mixed use

Auction
Mixed use
Added > 14 days

Key information

TenureFreehold
Council taxBand A

Features and description

  • Valuable freehold investment property producing income of £52,000 pa
  • Bar restaurant and 3 self contained flats
  • Long established business
  • Guide price: £450,000
  • For sale by livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am, Thursday 8th May 2025

FOR SALE BY LIVESTREAM AUCTION ON THURSDAY 8TH MAY 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Valuable commercial investment producing £52,000 pa

Long established Beatles themed restaurant and bar (Sgt Peppers) with managers flat and two self contained apartments currently let on a long lease producing £52,000 pa. Tenancy 20 years from Oct 2022, full repairing and insuring lease.
The business has been trading for over 42 years and is in a High profile town centre location near to other established businesses pubs and restaurants.

Accommodation Ground Floor: Bar and restaurant with kitchen, preparation room and ladies toilets.
Basement: Bar with additional seating
First Floor: Two bedroom managers flat. Gents toilets
Second Floor: 2 self contained flats approached from side access.
Business Rates 1 April 2023 to present: £8,200

Properties with a rateable value below £12,000 are eligible for 100% reduction of the business rates.
Council Tax Band A
Viewings Viewings are available by appointment only, please call the Norwich office to arrange a viewing.

Tenure: Freehold

EPC Rating: C

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £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.

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About this agent

Auction House - East Anglia
Auction House - East Anglia
The Barn, Newmarket Road Cringleford Norwich, Norfolk NR4 6UE
01603 398879
Full profileProperty listings
The Auction House team have been holding auctions in East Anglia for over fifteen years. We originally operated under the Tops name, then as Tops Auction House. We have been the Eastern Region’s leading Land and Property auctioneers since 2002 and are highly respected in the area. Sale numbers have grown over the period to over 400 properties per year with success rates averaging out at well over 80% since 2004. Auction House East Anglia draws entries for its auction room in Norwich from a wide geographical area and is supported by a number of market and coastal town Introducer Agents who provide entries and assist with viewings. Auction House East Anglia operates from offices in Norwich (servicing Norfolk), King's Lynn (servicing NW Norfolk and parts of Cambridgeshire), Peterborough (servicing Cambridgeshire) and Ipswich (servicing Suffolk and North Essex) and sells a wide variety of property types covering the residential, land, commercial, investment and agricultural sectors. Many are vacant for improvement, others tenanted or for development. We are expert advisers and guide vendors as to the most appropriate method of sale which could be by Formal or Informal Tender, Invited Offer, Private Treaty or Auction. Auction House East Anglia was the model Licensee and provided the template for others to follow. It continues to be one of the most successful operators in the UK and is the ‘first choice’ regional auctioneer across the counties of Norfolk, Suffolk, Cambridgeshire and North Essex.
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