Restaurant for sale

Earsham Street, Bungay, Suffolk, NR35

£318,000
541 sq. ft.

Property Description

Commercial information

  • 541 sq ft (50 sq m)
  • Use class orders: A1 Shops, A3 Restaurants and Cafes, A5 Hot Food Take away and C3 Dwelling Houses

Key features

  • Established Thai restaurant
  • Private dining area
  • Large rear yard
  • Rear access
  • 3 bed flat above

Full description

Tenure: Freehold

LOCATION
20 Earsham Street is situated in the centre of the historic and bustling market town of Bungay, located on the Norfolk/Suffolk border. Best know for its Castle ruins, the town sits within a loop of the River Waveney in The Broads National Park. The town has a large catchment area and addition influx of seasonal tourists. Bungay is located just off the A143, which links Bury St Edmunds to Lowestoft and Great Yarmouth, 16 miles to the South of Norwich and 38 miles to the North of Ipswich.
DESCRIPTION
The Property is arranged over ground floor and 2 floors above, with a restaurant on the ground floor which has a capacity for 30 covers. There is additional private dining to the rear (25 covers), and a small courtyard providing rear access. The upper floors consist of 3 bedrooms and a bathroom.

ACCOMMODATION
The property has the following ground floor internal areas :

Zone A(restaurant) 33.7sqm 363sqft
Bar 4.4sqm 47sqft
Kitchen 12.2sqm 131sqft
Yard 22.6sqm 243sqft

Note: The property is Listed

BUSINESS
The restaurant is included in the sale and is well placed to draw trade from an extensive catchment area which includes Bungay, Norwich and the large amount of villages close by. The current turnover is circa £86,000pa and rising year on year. Full accounts will be provided after a formal viewing has taken place.

STRICTLY BY APPOINTMENT

LICENCE
The property has a Premises License granted by the relevant Local Authority. It is a requirement of the Licencing Act 2003 that properties serving alcohol have a designated premise supervisor who must be the holder of a Personal License.

FIRE RISK
We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are 5 or more employees.

PRICE
The vendor is seeking offers in excess of £318,000.

LEGAL COSTS
Both parties are to pay pay their own legal costs incurred in this transaction.


More information from this agent

Nearest station

  • Brampton (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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

  • Brampton (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fennel Chartered Surveyors, Halesworth

6 Market Place, Halesworth, IP19 8BA

01986 485001 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.

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