Bar / Nightclub for sale

Prince Of Wales Road,Norwich,NR1

Sold STC £84,950

Property Description

Commercial information

  • Business for sale

Key features

  • Premier Location For This Type of Business in Norwich
  • Luxuriously Appointed Both Inside & Out
  • Massive Scope For Increasing Business
  • 5 Star Hygiene Rating
  • Licence Until 3am (Except Sunday which is Midnight)
  • Spacious Main Bar On The Ground Floor
  • Separate Private Bars Over Multiple Floors
  • Venue Over Four Floors in Total
  • Leasehold with New Lease Available
  • Must Be Viewed to Appreciate

Full description

Tenure: Leasehold

Rent reduction first three months.

Wow! The only word to describe this luxuriously appointed bar/ nightclub at the top end of the Prince of Wales Road. Undoubtedly this is one of the best appointed high class operations in Norwich. Currently open only to a niche market and not to the general public, there is massive scope for a full time working owner to really make their mark and make a lot of money too.

Spread over four floors, refurbished with practically no expense spared, this is a must see if you are interested in acquiring a prestigious venue which needs no money spent and is ready to go.
Get in quick and be in for the Christmas rush!


ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
This is probably the most luxurious club/bar on Prince of Wales Rd. The previous owner spent nearly 250,000 refurbishing the premises and it shows in the quality of the fixtures and fittings throughout. As you enter on the non slip floors, through the floor to ceiling doors with mood lighting, you enter the bar with chandeliers, gilt mirrors that are also T.V.'s and cannot fail to be impressed by the opulence. The bar stretches nearly from front to back and is fully equipped with five Polar treble ambient drinks fridges, new EPOS, Top of the range fittings and quality oozes through the entire premises to get the clients in the right mood. The dark wooden floors on every level offset the lavish wall decorations and the feeling of space. To the rear are ladies, gents and disabled w.c.'s. There is a small utility room with ice maker and glass washer. At the front, outside the bi-folding doors, is a terrace with heating and lighting.

The lower ground floor, reached by a wide staircase, has a bar, wall seating, a stage for the karaoke machine, a dance floor and measures some 600sq.ft. As with the whole, it is decorated and presented to a very high standard.

To the rear is the staff room, the beer cellar and CCTV control room.

As you go upstairs to the first floor, you are greeted by enormous gilt mirrors and the theme of luxury continues. The room is some 800 sq ft and has a bar, dance floor, D.J. station and comfortable seating including sofas.

On the second floor is a lovely private room with bar karaoke machine, dance floor and is the most intimate of the three rooms being about 400 sq ft. There are separate w.c's and to the rear is a fire escape.
The whole premises are fully air conditioned which are regularly serviced.


HOURS OF BUSINESS

The vendor opens when bookings are made to hire the individual floors. The business tends to be fully booked on Thursday, Friday and Saturday nights and occasionally during the week. With further aggressive marketing the premises could and should be in demand throughout the week.


THE BUSINESS ITSELF

The vendors have identified a niche market which they are exploiting with minimal competition. The premises are not open to the general public and the ground floor bar is not used at all. The three rooms, in the basement and on the first and second floor, have been made into luxurious karaoke bars and are hired out specifically to the Chinese community of whom there are some 4000 in Norwich.

We are advised turnover is in the order of 3,000pw with minimal overheads as the vendor runs the operation with one assistant. The offering includes entertainment packages up to 500 as well as individual bottles of spirits and snacks.

In our opinion there is much scope for growth by either extending the current operation or returning to a traditional nightclub. The premises are of such a high quality they could easily be used during the day for business meetings, there is a terrace at the front where coffees etc. could be served.

There is a fire certificate, hygiene five star rating and license until 3am except Sunday which is until midnight.


INFORMATION

Our Reference
NC32927E.

Tenure
Leasehold.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 28 08 73 to make an appointment.

Finance
Finance available to suitable purchasers

Business to Sell or Let?
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.

Premier Marketing
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on Rightmove.co.uk, other portals and our own website, make your business stand out from the crowd - call us today!

Unhappy?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.


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.


Energy Performance Certificates (EPCs)

Nearest stations

  • Norwich (0.4 mi)
  • Salhouse (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Norwich (0.4 mi)
  • Salhouse (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference NC32927E. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by EM&F East Anglia, Norwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.