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 Available
Guide* £650,000 - £700,000
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
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.
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
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.
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.
