10 St. Gregorys Alley, Norwich, Norfolk, NR2

Description

The property is a mid-terrace retail unit arranged over ground, first and second floor. The premises is a former cafe/restaurant which has previously undergone a full refurbishment and provides two cooking and food preparation areas over first and second floor, together with a service and seating area on the ground floor where there are two separate WCs.

The purchaser has the choice to retain the current fit out and equipment, whereby the equipment is available by separate negotiation, or all equipment will be removed prior to the sale completing.

Location

The property is located in Norwich city centre. Norwich has a population of around 170,000 people and a regional catchment area of one million residents. In addition, approximately five million tourist visit Norwich annually.

St Gregory's Alley forms part of the historic and popular Norwich Lanes shopping area that comprises a number of independent niche retailers, cafes and restaurants, whilst being adjacent to Norwich's prime retail core.

Accommodation Description

The property has the following net internal floor areas:

Ground floor sales and seating: 253 sq ft (23.5 sq m)
First floor seating and kitchen: 324 sq ft (30.1 sq m)
Second floor kitchen: 223 sq ft (20.8 sq m)

Total: 800 sq ft (74.3 sq m)

Terms

The property is being offered for sale, on a freehold basis.

We are advised that VAT is not payable on the purchase price.

Rates

The Valuation Office Agency website indicates that as from April 2023 the Rateable Value is £8,100. This is not the annual rates payable.

The rates payable will depend on the occupier's circumstances and can be obtained from either Norwich City Council, or via which includes a rates payable calculator.