Property photos
Business
Leasehold
£18,000
Pub/bar for sale
Norwich, Norfolk NR1Local area information
Property location
Nearby amenities
- Norwich School 0.1 miles
- Charles Darwin Primary School 0.1 miles
- Norwich 0.3 miles
- Salhouse 5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Norwich to find out more about the local area.
Features and description
- Leasehold
- Busy Nightlife Location in City Centre
- Spread Over 4 Floors
- Low Entry Cost
- Tenant Parking to Rear
- EPC Rating - ‘B’
- Licence to Open until 4:00am (7 Days a Week)
- Possibly Suitable for Other Uses
- 20 Year Lease from 2016
- Fitted Equipment Included in Sale
- Viewing Highly Recommended
Agents note
This is a business for sale as a going concern, not an empty premises for sale or let.
Particulars
This is a great opportunity to acquire a leasehold premises situated in the heart of the bar and club area of Norwich City centre, with the benefit of a licence to open until 4:00am 7 days a week, including the sale of alcohol until 3:30am.
This together with the low entry price will no doubt make it attractive to those with their own ideas for a new venture as well as those that may wish to continue it in its current form as a karaoke bar.
Spread over 4 floors and with the added plus of having tenant parking to the rear this is well worth a view to see whether it could be for you. Call us now and we will be delighted to book you in for a viewing.
The business itself
The current owner has run the business as a karaoke bar for the past 3 years but is now looking to pursue other interests and due to this they now only open for private bookings. Whilst this suits them one would expect a new owner to make much more use of the licence that the premises has and look to maximise the potential that this could bring.
Whilst the premises have been fitted out to provide 6 individual karaoke rooms over the 4 floors, it would lend itself to being used in a variety of different ways to suit anyone’s own personal vision for a new offering, subject of course to any consents that may be required.
Premises
all measurements are approximate and for guidance only.
As stated, the property is set in the heart of the busy clubland district of Norwich on the Prince of Wales Road. This makes it an ideal location to make the most of the licence and enjoy the turnover and profit that this could bring.
Entering at ground floor level into the lower bar area (4.7m x 4.7m) with glazed frontage and window seating, bar with further seating, shelving and mirrored wall behind, fridge under and sink and ice machine. There is wood effect flooring, which can be found mostly throughout the building, air conditioning, CCTV and wall-mounted speakers.
The upper ground floor provides different seating options including a large open booth style seating area wrapping round the walls. Again, there are wall mounted speakers as well as a TV and various light fittings. Off of the landing area is a door to the toilet and stairs down to the basement room.
The basement measures around 9.1m x 3.7m and is split into two by an open archway. One side is set up for karaoke with the other being a pool room. There is a range of comfy seats as well as the TV, speakers, song selector and air conditioning as can be found elsewhere. There is a further toilet on this level as well as emergency doors out into the rear yard area.
Going upstairs from the ground floor, levels 1 and 2 are nearly identically laid out to provide 2 individual karaoke rooms each fitted out with seating, lighting, TV, speakers, song selector, wood effect flooring and air conditioning. Each floor also has the benefit of a toilet off of the landing as well as a further room which can be used as an office or for storage.
Further information
reference number
M35436E.
Opening hours
The business currently only opens for private bookings.
Tenure
Leasehold - 20 year lease from the 4/2/2016.
Rent payable
£20,000 per annum plus VAT.
The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the existing, or the grant of a new lease.
Rates payable
£4,990 per annum post Covid.
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.
EPC
The Energy Performance Certificate shows a ‘B’ rating and a score of ‘41’
price
£18,000.
For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.
Viewing
Strictly by appointment only, please call our Norwich Office on to make an appointment.
Finance
Finance may be available to suitable purchasers.
Business to sell?
Let us know as soon as possible! Just ask for a free no obligation valuation and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.
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1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
More information
Listed by
Everett Masson & Furby
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Property descriptions and related information displayed on this page are marketing materials provided by - Everett Masson & Furby. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Everett Masson & Furby for full details and further information.