Restaurant for sale

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 25th MARCH 2026

TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Restaurant premises currently let producing £15,000 pa

The property comprises a three-storey mid-terrace building currently occupied by Dhaba 15, an established Indian restaurant in occupation since 2013. The ground floor provides a restaurant and commercial kitchen, with additional seating and residential accommodation to the upper storeys. To the rear of the building are some attached stores fronting onto Thoroughfare Yard.

The property is located on Magdalen Street, a short distance from Norwich city centre and the Anglia Square redevelopment scheme. The area is known for its wide array of independent retailers and leisure operators.

Accommodation Name sq ft sq m
Ground - Restaurant 443 41.16
Ground - Kitchen 212 19.70
Ground - Rear stores 198 18.39
1st - Restaurant 257 23.88
2nd - Flat 838 77.85
Total 1,948 180.98
Terms The property is offered for sale on a freehold basis, subject to the current 15-year fully repairing and insuring (FRI) lease on the restaurant and flat, expiring 30th July 2028. The passing rent is £15,000 per annum. The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954.
VAT VAT is applicable to this Lot.
Business Rates £11,250 from 1st April 2026
Viewings Viewings are strictly by appointment only and the next are on Wednesday 1th and Wednesday 18th March. Please call the Norwich Office to book the next available appointment.

Tenure: Freehold

EPC Rating: B

Administration 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.