19 Bedford Street and 19a -21 Bedford Street and 1 Old Post Office Yard Norwich Norfolk NR2 1SL

19 Bedford Street and 19a -21 Bedford Street and 1 Old Post Office Yard
Norwich
Norfolk
NR2 1SL

Attractive Freehold Leisure Investment

Comprises two retail units, self contained offices and former Bar/Nightclub
Retail Units let until 2034 (Subject to option)
Active Management Potential
Potential residential conversion of offices (subject to consents)
Situated in heart of the historic city centre 100 m from Norwich Castle
Neighbouring occupiers include Jarrolds Department Store, Sevenoaks Sound & Vision and Premier Travel.

Lot
31
Auction
30th October 2025
Rent
£44,450 per Annum Exclusive
Plus vacant upper floors and former bar
Status
Available
Guide*
£550,000
Auction Venue
Live Streamed Auction
On Behalf of Norwich City Council

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Attractive Freehold Leisure Investment

Comprises two retail units, self contained offices and former Bar/Nightclub
Retail Units let until 2034 (Subject to option)
Active Management Potential
Potential residential conversion of offices (subject to consents)
Situated in heart of the historic city centre 100 m from Norwich Castle
Neighbouring occupiers include Jarrolds Department Store, Sevenoaks Sound & Vision and Premier Travel.

Lot 31
Auction 30th October 2025
Rent £44,450 per Annum Exclusive Plus vacant upper floors and former bar
Status Available
Guide* £550,000
Sector
Leisure, Development, Mixed Use
Auction Venue
Live Streamed Auction
On Behalf of Norwich City Council

Property Information

Location

Miles: 45 miles north of Ipswich, 61 miles north-east of Cambridge
Roads: A11, A47, A140, A146
Rail: Norwich Railway Station
Air: Norwich Airport

Situation

Norwich is a highly attractive and historic Cathedral City and the county town of Norfolk, with a population of 143,900 (ONS). With Norwich Castle and Norwich Cathedral attracting an additional Tourist Population. The City of Norwich also benefits from some 1,700 University of East Anglia Students.

The property is situated on the north side of Bedford Street close to its junction with Swan Lane which connects to London Street. Norwich Castle is 100m to the south east and Norwich Market is approximately 100m to the south west. Neighbouring occupiers include Jarrolds Department Store, Sevenoaks Sound & Vision and Premier Travel.

Tenure

Freehold.

Location

Miles: 45 miles north of Ipswich, 61 miles north-east of Cambridge
Roads: A11, A47, A140, A146
Rail: Norwich Railway Station
Air: Norwich Airport

Situation

Tenure

Freehold.

Description

The property is a substantial Grade II* listed building comprising two retail units with self contained offices above and an attractive self contained building in Post Office Yard with former leisure/bar accommodation at the ground and first floor and in the highly attractive basement, which is listed as a scheduled monument.

The self contained building and offices maybe suitable alternative uses including potential residential conversion, subject to consents.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
19 Bedford Street and Yard	Ground Basement First	Retail Ancillary Retail/Ancillary	62.89 24.47 20.50	(676) (263) (220)	DICK'S RESTAURANT LIMITED (CRN: 14733065) t/a Dick's Bar	9 years from October 2025 (2)	£22,450	30/03/2028 11/03/2034 (12/03/2034)
19A-21 Bedford Street	Ground	Retail	128.60	(1,384)	NORFOLK JEWELLERY SERVICE LIMITED (CRN: 01295844)	10 years from 01/02/2024 (1)	£22,000	01/02/2029 (31/01/2034)
19A-21 Bedford Street	First Second	Office Office	143.33 51.90	(1,542) (558)	VACANT POSSESSION
1 Old Post Office Yard	Basement Ground First	Bar/Ancillary			VACANT POSSESSION
Total Approximate Floor Area			431.69	(4,643)			£44,450 with offices and leisure/bar to be let

(1) The lease provides for a tenant option to determine the lease on the 5th anniversary of the term, subject to serving 12 months prior written notice.
(2) As to 19 Bedford Street and the Rear Yard, the tenant is currently occupying the property under a lease of 19 Bedford Street for a term of 5 years from 30th March 2023 until 29th March 2028 at rent reserved of £17,250pax and a Tenancy at Will of the rear year at a rent of £5,200pax. The lease and Tenancy at Will are being surrendered and a new lease covering both demises as detailed in the schedule above has been agreed, but not yet documented. It is anticipated that the lease will documented prior to the auction.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.