Summary - Development Opportunity in Norwich, Norfolk (Confidential Sale) NR1 1UH
1 bed 1 bath Commercial Development
Mixed-use freehold with licensed bar and residential conversion potential for investors.
Freehold city-centre mixed-use building with flexible long-term options
Planning consent granted for two first/second-floor self-contained apartments
Ground floor trading area c.1,180 sq ft plus additional basement bar space
Late premises licence in place permitting trading until 02:00
Currently wet-led trade, typical opening Wed–Sun evenings only
Solid brick construction; likely requires insulation and internal refurbishment
EPC pending; energy performance and retrofit costs unknown
Located in an area of deprivation; factor business rates (£6,886 pa) and local demand
A rare freehold in Norwich city centre, this mixed-use building offers immediate trading potential and residential uplift. The ground floor and basement operate as a licensed wet-led venue with a late licence to 02:00, while planning consent exists to convert the first and second floors into two self-contained apartments. That grant of consent creates multiple routes to value — keep and expand hospitality operations, add accommodation, or convert and let/sell the flats.
The ground-floor trading area extends to approximately 1,180 sq ft with an additional basement bar configured for private events. Current trading is concentrated Wednesday to Sunday from late afternoon, so an incoming operator can extend hours, broaden the offer or reposition the venue to increase turnover. As a freehold asset, the property suits an investor seeking rental income after conversion or an owner-operator wanting a combined living/working opportunity in a strong trading location.
There are practical considerations: the building is solid brick and likely requires thermal upgrades and internal refurbishment, with an EPC yet to be confirmed. The surrounding neighbourhood shows signs of deprivation, which affects certain demand profiles, and current trading patterns are limited to evening trade midweek and weekends. Business rates and running costs should be factored into viability assessments.
Overall, this is a flexible, city-centre plot with clear redevelopment legs. For buyers comfortable managing refurbishment, licence-led operations, or residential conversions, the property offers tangible upside in a compact freehold package.
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