Pub for sale

Gallery Bistro, 37, Market Place, Fakenham, Norfolk, NR21 9DN

Guide Price £645,000

Property Description

Commercial information

  • Business for sale

Key features

  • Substantial mixed use 3 storey property
  • Unique town centre development opportunity
  • Open plan ground floor bar/bistro
  • First floor function room, second floor flat
  • Adjoining rear self contained cottage
  • Potential for 7 flats and extended ground floor bistro, EPC exempt

Full description

Tenure: Freehold

Description

Grade II Listed three storey period property under a pitched tiled roof with two storey additions to the rear.

Fakenham is well known for its market, dating back to 1250. During the 19th century the market sold agricultural products and cattle, and today, a market runs on a Thursday where local traders gather to sell their produce. The Corn Hall and flea market have also been important local trading centres for 140 years.

In the 19th and 20th century, printing was Fakenham's major industry and you can see printing blocks marking this heritage set into the surface of the market place and is represented on the town’s sign.

The Gallery building occupies a prominent and imposing position in the town and is in a busy footfall position which makes the proposed development an attractive proposition for both investors, operators and developers.

Location

Central location on the market place in the town centre of Fakenham. The town is regarded as the gateway to the north Norfolk coast for travellers with access via the A148 and the A1065 with the popular Norfolk coastal tourist towns of Burnham Market, Holkham and Wells next the Sea all within approximately 10 miles of the town.

The immediate area is a mix of high street retail and residential with a number of new retail and residential flats within close proximity.

Internal Details

Open plan bar around a central servery with seating on a mix of faux leather tub chairs and sofas, high bar stools and wooden aluminium framed chairs for up to circa 50 covers. The modern décor compliments the exposed wood and tiled flooring and modern curved bar servery facia and features a drop down screen and LCD projector and wall mounted LCD TV's.

Ladies & Gents toilets. Small food servery with service point behind. Basement cellar.

Open plan staircase to the first floor function room, carpeted and overlooking the market square, and which can accommodate up to 50 covers on lightwood furniture. Ladies & Gents toilets. Office and storeroom.

External Details

Car parking for two vehicles to the rear of the property.

Owner's Accommodation

Located on the second floor and comprising one large bedroom with walk in wardrobe, twin bathrooms and kitchen with fitted base and wall units. This level features many exposed beams and original features of this period building.

Other Property

Adjoining 2 storey cottage to the rear with master bedroom, bathroom, lounge and kitchen.

The Opportunity

Unique opportunity to further develop the building with the addition of 7 town centre flats and the ground floor bar/bistro based on the plans drawn up and lodged with the planners which will benefit the property's central location in this busy market town centre.

Trading Information

Certified accounts for the year end 31 March 2017 are available - trade is split circa 90/10% wet to dry.

Trading Hours

Open all day from 8am.

Development Potential

Plans from our clients planning pre application lodged with North Norfolk District Council have been accepted in principle and show the upper floors being developed to accommodate 5 one bed flats and 2 two bed flats split 4 flats on the first floor and 3 to the second floor.

In addition the ground floor trading space is extended with space for a new kitchen to the rear of the building.

It has been confirmed that these plans meet the requirements of the Planning Department at North Norfolk District Council and that when a formal application is lodged these should be approved.

Plans and application details can be made available as required.

Business Rates

Rateable value £12,000 as of 01 April 2017.

Regulatory

Premises licence


More information from this agent

Nearest station

  • Sheringham (16.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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 station

  • Sheringham (16.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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 1456898-fh. 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 Christie & Co , Ipswich. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.