*Guide | £375,000 (plus fees)
- Restaurant
- 3 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
A long established Thai restaurant currently let with a passing rent £42,000 pa
A rare opportunity to acquire a long-established freehold restaurant investment. This highly regarded Thai restaurant was the first Thai restaurant in Norwich and has traded successfully for over 40 years, building a strong local reputation. The property comprises a 54-cover restaurant with bar, customer WCs and commercial kitchen on the ground floor, with a three-bedroom owner’s flat on the first floor. Externally there is a customer car park, large garage with adjoining store and an enclosed private garden. The property is air conditioned with gas fired central heating. This a sale and leaseback arrangement with a passing rent of £42,000 per annum, offering an attractive double-digit yield.
Tenure
Freehold
Ground Floor
54 cover restaurant with bar area, commercial kitchen, store room, ladies and gents toilets (110 sqm)
First Floor
Landing sitting room, three bedrooms, bathroom, separate wc, kitchen, study (110 sqm)
Outside
Customer carpark, fully fenced rear garden, brick garage and store, The property is located in a densely populated and popular residential area to the east of Norwich.
Tenancy
The property is let to The Thai Restaurant Trading Ltd on a 5 year lease (2 year Break) Passing rent £42,000.
Business Rates
Business rates £14,000 pa from 1st April 2026.
Council Tax Band (Flat)
A
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Broadland District Council
Solicitors
Spire Solicitors LLP (Norwich), Ref: Tracy Guest, Tel: 01603 886221
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
