Mixed use
Key information
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- Unless previously sold or withdrawn prior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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