2 Upper King Street Norwich Norfolk NR3 1HA

2 Upper King Street
Norwich
Norfolk
NR3 1HA

Freehold City Centre Leisure Investment

Attractive and Prominent Bar/Restaurant
Includes a self contained flat
Entirely let to Norwich Lease Co Ltd t/a Mr Postles Apothecary
Renewed 5 year lease until September 2030
Central Location within Norwich's Historic Core close to Norwich Castle
Highly visible corner at junction of Upper King Street and Queen Street
Total Approximate Floor Area of 557.41 sq m (6,000 sq ft)
Includes established leisure districts with Zizzi, Brew Dog, Giggling Squid, The Ivy and Be At One

Lot
23
Auction
30th October 2025
Rent
£70,000 per Annum Exclusive
Status
Sold
Price
£718,000
Auction Venue
Live Streamed Auction
On Behalf of Norwich City Council

Interested?

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Freehold City Centre Leisure Investment

Attractive and Prominent Bar/Restaurant
Includes a self contained flat
Entirely let to Norwich Lease Co Ltd t/a Mr Postles Apothecary
Renewed 5 year lease until September 2030
Central Location within Norwich's Historic Core close to Norwich Castle
Highly visible corner at junction of Upper King Street and Queen Street
Total Approximate Floor Area of 557.41 sq m (6,000 sq ft)
Includes established leisure districts with Zizzi, Brew Dog, Giggling Squid, The Ivy and Be At One

Lot 23
Auction 30th October 2025
Rent £70,000 per Annum Exclusive
Status Sold
Price £718,000
Sector
Leisure
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 in the heart of the City's historic core and prime leisure pitch at the junction of Upper King Street and Queen Street. Neighbouring occupiers include Zizzi, Brew Dog, Giggling Squid, The Ivy and Be At One.

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 comprises attractive bar/restaurant accommodation on the ground floor with ancillary accommodation in the basement and first floors, together with a self contained residential flat on the second floor.

The property may be suitable for longer term residential conversion of the upper floors, subject to consents. The property does not appear as listed on the Historic England Website and is not listed as an Asset of Community Value.

VAT

VAT is not applicable to this lot.

EPC

Band C

Description

VAT

VAT is not applicable to this lot.

EPC

Band C

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas Approx sq m	Gross Internal Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground Basement First Second	Bar/Restaurant Ancillary Ancillary Residential flat	254.02 42.44 175.04 167.84	2,734 457 1,884 1,804	NORWICH LEASE CO LTD t/a Mr Postles' Apothecary (CRN: 11374486)	5 years from 12/08/2025	£70,000	11/08/2030
Total Approximate Floor Area		639.34	(6,882)			£70,000

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.