Thailand Restaurant, 9 Ring Road, Norwich, Norfolk NR7 0XJ

Description

A long established Thai restaurant currently let with a passing rent £42,000 pa A rare opportunity to acquire a long-established freehold restaurant investment. This highly regarded Thai restaurant was the first Thai restaurant in Norwich and has traded successfully for over 40 years, building a strong local reputation. The property comprises a 54-cover restaurant with bar, customer WCs and commercial kitchen on the ground floor, with a three-bedroom owner’s flat on the first floor. Externally there is a customer car park, large garage with adjoining store and an enclosed private garden. The property is air conditioned with gas fired central heating. This a sale and leaseback arrangement with a passing rent of £42,000 per annum, offering an attractive double-digit yield.

Location

Thailand Restaurant, 9 Ring Road, Norwich, Norfolk NR7 0XJ. Located in the NR7 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆