For Sale,The Olive Branch, Market Street, Tunstead, Norwich, NR12 8AH
For Sale Former Restaurant / Cafe
Residential Development Opportunity The Olive Branch, Market Street, Tunstead, Norwich, NR12 8AH
• • • •
294.64 Sq M (3,171 Sq Ft) Occupying a site of 0.43 Acres (0.17 Hectares) Attractive semi-rural location Potential for alternative uses (stp)
Lambert Smith Hampton Interchange Place, Edmund Street, Birmingham B3 2TA T +44 (0)121 236 2066
The Olive Branch, Market Street, Tunstead, Norwich, NR12 8AH
VAT VAT may be payable on the whole or part of the purchase price. VAT may not be applicable to relevant residential parts and subject to a buyers compliance with HMRC requirements the option to tax may be dis-applied in total if the buyer intends to convert to residential use. Interested parties should seek their own advice on this matter.
Location
Business Rates The current business rate assessment for the property is £16,000. The 2017 draft valuation is £19,750. Terms Offers are invited for the freehold interest. The property is located in the village of Tunstead approximately 10 miles north of Norwich and 15 miles south of Cromer.
Planning We understand that the property falls within Use Class A3 (Restaurants & Cafes).
The property occupies an attractive semi-rural location set back from Market Street which is the main road running through the village.
In July 2011 planning consent was granted to raise the height of a section of the barn roof to provide first floor bed and breakfast accommodation and the erection of a single storey rear extension (Ref: PF/11/0860). A material start has been made to ensure that the consent has not lapsed.
The villages of Hoveton & Wroxham are 2 miles to the south and home to a variety of local retailers and national multiples providing a good range of amenities and leisure facilities. Description The property comprises three adjoining buildings most recently occupied as The Olive Branch restaurant / café and formerly traded as the Horse and Groom Public House. The main building is arranged over two storeys having part rendered brick elevations and a thatched roof. The ground floor comprises the main seating area of The Olive Branch providing approximately 60 covers and has timber floors and exposed beams throughout. To the first floor is a two bedroom flat with its own separate access. Adjoining the main building to the north is a brick built former barn which accommodates a bar and kitchen. To the southern side of the main building is a separate single storey, two bedroom, brick built cottage. Accommodation Restaurant / Cafe Flat Bungalow Total Gross Internal Area
Sq M 178.21 60.94 46.49 294.64
The property would be suited to alternative uses including residential subject to gaining the necessary planning consents. Interested parties should make their own enquiries of North Norfolk District Council. Services We understand that the property is connected to mains electricity, water and drainage and benefits from its own propane gas supply. EPC An EPC has been commissioned and the certificate will be provided upon request. Viewing and Further Information Viewing strictly by prior appointment with the agent: Scott Ellis Lambert Smith Hampton 0121 236 2066 [email protected]
December 2016
Sq Ft 2,015 656 500 3,171
© Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
Residential Development Opportunity The Olive Branch, Market Street, Tunstead, Norwich, NR12 8AH
• • • •
294.64 Sq M (3,171 Sq Ft) Occupying a site of 0.43 Acres (0.17 Hectares) Attractive semi-rural location Potential for alternative uses (stp)
Lambert Smith Hampton Interchange Place, Edmund Street, Birmingham B3 2TA T +44 (0)121 236 2066
The Olive Branch, Market Street, Tunstead, Norwich, NR12 8AH
VAT VAT may be payable on the whole or part of the purchase price. VAT may not be applicable to relevant residential parts and subject to a buyers compliance with HMRC requirements the option to tax may be dis-applied in total if the buyer intends to convert to residential use. Interested parties should seek their own advice on this matter.
Location
Business Rates The current business rate assessment for the property is £16,000. The 2017 draft valuation is £19,750. Terms Offers are invited for the freehold interest. The property is located in the village of Tunstead approximately 10 miles north of Norwich and 15 miles south of Cromer.
Planning We understand that the property falls within Use Class A3 (Restaurants & Cafes).
The property occupies an attractive semi-rural location set back from Market Street which is the main road running through the village.
In July 2011 planning consent was granted to raise the height of a section of the barn roof to provide first floor bed and breakfast accommodation and the erection of a single storey rear extension (Ref: PF/11/0860). A material start has been made to ensure that the consent has not lapsed.
The villages of Hoveton & Wroxham are 2 miles to the south and home to a variety of local retailers and national multiples providing a good range of amenities and leisure facilities. Description The property comprises three adjoining buildings most recently occupied as The Olive Branch restaurant / café and formerly traded as the Horse and Groom Public House. The main building is arranged over two storeys having part rendered brick elevations and a thatched roof. The ground floor comprises the main seating area of The Olive Branch providing approximately 60 covers and has timber floors and exposed beams throughout. To the first floor is a two bedroom flat with its own separate access. Adjoining the main building to the north is a brick built former barn which accommodates a bar and kitchen. To the southern side of the main building is a separate single storey, two bedroom, brick built cottage. Accommodation Restaurant / Cafe Flat Bungalow Total Gross Internal Area
Sq M 178.21 60.94 46.49 294.64
The property would be suited to alternative uses including residential subject to gaining the necessary planning consents. Interested parties should make their own enquiries of North Norfolk District Council. Services We understand that the property is connected to mains electricity, water and drainage and benefits from its own propane gas supply. EPC An EPC has been commissioned and the certificate will be provided upon request. Viewing and Further Information Viewing strictly by prior appointment with the agent: Scott Ellis Lambert Smith Hampton 0121 236 2066 [email protected]
December 2016
Sq Ft 2,015 656 500 3,171
© Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
