Guide price
£200,000
Restaurant for sale15 Magdalen Street, Norwich, Norfolk NR3
Just added
Auction
Freehold
About this property
For sale by auction on Wednesday, 25 Mar 2026 at 10:00
Venue: Livestream Auction
Restaurant premises currently let producing £15,000 pa
The property comprises a three-storey mid-terrace building currently occupied by Dhaba
15, an established Indian restaurant in occupation since 2013. The ground floor provides
a restaurant and commercial kitchen, with additional seating and residential
accommodation to the upper storeys. To the rear of the building are some attached
stores fronting onto Thoroughfare Yard.
The property is located on Magdalen Street, a short distance from Norwich city centre
and the Anglia Square redevelopment scheme. The area is known for its wide array of
independent retailers and leisure operators.
Accommodation
Name sq ft sq m
Ground - Restaurant 443 41.16
Ground - Kitchen 212 19.70
Ground - Rear stores 198 18.39
1st - Restaurant 257 23.88
2nd - Flat 838 77.85
Total 1,948 180.98
Terms
The property is offered for sale on a freehold basis, subject to the current 15-year fully repairing and insuring (Fri) lease on the restaurant and flat, expiring 30th July 2028. The passing rent is £15,000 per annum. The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954.
VAT
VAT is applicable to this Lot.
Business Rates
£11,250 from 1st April 2026
EPC Rating: B
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Restaurant premises currently let producing £15,000 pa
The property comprises a three-storey mid-terrace building currently occupied by Dhaba
15, an established Indian restaurant in occupation since 2013. The ground floor provides
a restaurant and commercial kitchen, with additional seating and residential
accommodation to the upper storeys. To the rear of the building are some attached
stores fronting onto Thoroughfare Yard.
The property is located on Magdalen Street, a short distance from Norwich city centre
and the Anglia Square redevelopment scheme. The area is known for its wide array of
independent retailers and leisure operators.
Accommodation
Name sq ft sq m
Ground - Restaurant 443 41.16
Ground - Kitchen 212 19.70
Ground - Rear stores 198 18.39
1st - Restaurant 257 23.88
2nd - Flat 838 77.85
Total 1,948 180.98
Terms
The property is offered for sale on a freehold basis, subject to the current 15-year fully repairing and insuring (Fri) lease on the restaurant and flat, expiring 30th July 2028. The passing rent is £15,000 per annum. The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954.
VAT
VAT is applicable to this Lot.
Business Rates
£11,250 from 1st April 2026
EPC Rating: B
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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