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 Sold
Price £649,000
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
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.
Description
The property is a substantial Grade II* listed building comprising two retail units, one currently used as a Bar, and self contained offices above and an attractive self contained building in Old 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
The property is a substantial Grade II* listed building comprising two retail units, one currently used as a Bar, and self contained offices above and an attractive self contained building in Old 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.
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.
