Former City Centre Bar & Restaurant

Key Features:

• Multi-Level Bar And Restaurant
• Fully Equipped Commercial Kitchen
• Contemporary Ground Floor Bar
• Flexible Dining Capacity Throughout
• Private Upper Floor Dining Room
• High-Quality Fixtures And Furnishings
• Premises And Pavement Licences In Place
• High Footfall Trading Position
• Long Lease With Break Options
• Turnkey Hospitality Opportunity

FORMER CITY CENTRE BAR & RESTAURANT NORWICH, NORFOLK

This contemporary former bar and dining venue is offered for sale comprising the leasehold interest, fixtures, fittings and equipment. The business is now closed, and the sale is an asset and lease sale rather than a sale of the business as a going concern.

The premises provide a well-planned, multi-storey layout finished with quality materials and thoughtful styling. Character features combine with clean lines and a practical flow between levels, offering a modern and welcoming setting suited to a range of hospitality concepts.

A striking full-height glazed frontage provides strong visibility and brings natural light into the ground floor bar. The upper floors offer a well-appointed dining room and a more secluded private dining space, giving incoming operators flexibility to accommodate casual dining, private functions and group bookings.

Situated within a popular trading area, the premises offer an opportunity to establish a new operation within an existing hospitality setting. The fitted premises provides a foundation for operators to introduce their own concept, branding and service style.


BUSINESS:

Previously operated as a food-led bar and restaurant, the premises retain an extensive range of fixtures, fittings and equipment, including a fully fitted basement kitchen and modern bar facilities. The sale offers incoming operators the opportunity to acquire the leasehold interest and existing assets for a new venture.

The layout supports a range of service formats, with the ground floor bar providing a central focal point and the upper floors offering distinct dining areas. The dining spaces can accommodate smaller tables, larger parties and alternative arrangements for events. The top-floor private dining room is particularly suited to celebrations, business bookings and other private functions.

An incoming operator could develop a trading schedule suited to their chosen concept, with potential uses including daytime dining, evening service, brunch and Sunday openings. The separate dining areas also provide scope for pre-booked menus, tasting events and bespoke hospitality experiences.

The existing fit-out offers a substantial starting point for a new operation. Any reopening will be subject to the incoming operator's requirements and confirmation of the relevant lease terms, licensing and operational arrangements. No ongoing trade is being offered as part of the sale.


PREMISES:

The ground floor features an attractive bar area with exposed brickwork, solid wood flooring, feature lighting and a full-height glazed frontage. The bar includes stainless-steel counters, under-counter refrigeration, a glass washer, coffee equipment, wine storage, a sound system and EPOS. A bar-height table arrangement provides seating for approximately 16 covers.

The first floor offers a well-appointed dining room arranged for approximately 26 covers, with options for reconfiguration to suit different service styles. The second floor includes a private dining room with sash windows, timber floors and discreet built-in storage.

The basement houses a fully fitted commercial kitchen with multiple ovens, an induction hob, fryers, a warming cabinet, stainless-steel preparation areas, a central workstation, extensive refrigeration and a full extraction system. Wall and ceiling finishes allow for ease of cleaning within the back-of-house areas.

Please note that all measurements are approximate and provided for general guidance only.


KEY INFORMATION:

CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: R36470E.

OPENING HOURS: Business not trading.

TENURE: Leasehold. 15-year lease from March 2023, with break options at years five and ten, and rent reviews every five years.

The existing lease will transfer to purchaser as part of the sale.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or the grant of a new lease.

RENT PAYABLE: £23,500 per annum.

RATES PAYABLE: £3,508 per annum.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

STAFF: Nil - business not trading.

EPC: The Energy Performance Certificate shows a rating of 'D/85', full document available on request.

PRICE: £42,250.

The sale comprises the leasehold interest, fixtures, fittings and equipment. It is a straightforward sale of assets and the leasehold interest, rather than a sale of the business as a going concern.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our specialty. If you're curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.


DISCLAIMER:

1. MONEY LAUNDERING REGULATIONS: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

2. PARTICULARS: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

3. MEASUREMENTS: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

4. SERVICES: Please note we have not tested the services or any of the equipment or appliances.

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01603 662662.