Fully consented redevelopment opportunity
Central market town location
Grade II Listed
Mixed use scheme
Energy efficient building - EPC Rating A
TOWN CENTRE REDEVELOPMENT OPPORTUNITY
Detailed Description
The property comprises a Grade II Listed three storey period former bank premises with basement storage, sympathetically converted to office use. The property is of red brick construction under slate covered roofs, occupying a prominent corner position overlooking the Market Place.
Internally the accommodation provides a combination of private offices/meeting rooms and larger, open-plan office spaces over ground, first and second floors. The basement is split into two areas with separate access, providing storage space including the bank's former vault. The accommodation is comprehensively refurbished and benefits from air source underfloor heating throughout.
The property occupies virtually 100% site cover with no onsite carparking.
Planning Permission
Approval has now been secured for full planning permission and listed building consent enabling the change of use of the first and second floors of Bank House from offices to residential accommodation, while maintaining the ground floor in commercial use (Use Class E).
The approved layout delivers two one-bedroom apartments on the first floor (Apartments 1 and 2) and a two-bedroom apartment on the second floor (Penthouse), all accessed via the existing communal staircase. The ground-floor commercial space will continue to operate independently with its own dedicated entrance.
Location
The picturesque town of Reepham has a population of 2,312 (2021 Census) and is situated in the Broadland district of Norfolk, approximately 12 miles northwest of Norwich, and 13 miles south of Holt.
The property is well positioned within the Market Place. Reepham has a good range of local shops and amenities, to include the Dial House restaurant and hotel, Bread Source bakery and café, the King's Arms public house, Robertson's family butcher, Norfolk Farm Shop and deli and Mott's Pharmacy.
The property provides the following net internal floor area.
Description sq m sq ft
Basement 45.7 492
Ground floor 93.2 1,003
First floor 96.2 1.036
Second floor 105.8 1,139
Total NIA 340.9 3,670
The proposed development has approximate Gross Internal Areas as follows:
Description sq m sq ft
Basement (Commercial) 45.7 492
Ground floor (Commercial) 136.5 1,469
Apartment 1 42.6 459
Apartment 2 55.3 595
Penthouse 137.3 1,477
Total Area 417.4 4,492
Business rates will be the responsibility of the occupier. The premises have the following assessment:-
Description Offices & Premises
Rateable Value £27,500
Rates Payable from April 2026 £11,880
We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.
Strictly by appointment with the sole selling agent.
It is understood that VAT will not be charged in addition to the purchase price.
Each party will be responsible for their own legal costs incurred in documenting the letting/sale.
The freehold is available to purchase with vacant possession at a price of £495,000.
