4-bedroom house · NR21 8BQ
For saleListed 23 days
Opportunity summary
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About
A rare opportunity to acquire a well established Tandoori Restaurant & takeaway with 68 seat Restaurant & private dining area, bar, waiting area and fully equipped kitchen together with 3/4 bed living accommodation over, and having potential to extend, subject to planning consent.
Located close to the Town Centre and within easy walking distance of a Public Car Park and supermarket.
Freehold for sale for £290,000 Or to let for £22,000 per annum + £60,000 premium (which includes kitchen fittings, furniture, fixtures & all other contents) + stock at valuation.
Long lease available subject to negotiation Ground Floor: Half double glazed entrance door to; Entrance Hall: Meters cupboard with louvered door. Understairs cupboards.
Waiting Area & Bar: With bar and mirror backed servery, glass fronted display, glass fronted fridge, optics, lager/beer pump. Night storage heater.
Door to Kitchen: Twin bowl, double drainer, stainless steel sink unit. Hand washing bowl. 8 burner, 2 oven gas fired stainless steel cooker with stainless steel extractor over.
Stainless steel, gas fired tandoor. 2 new cabinet fridges. Free standing island work tops, and further worktops and cabinets. Chest freezer. Fitted shelving. Strip lights. Door to outside.
Restaurant: With air conditioning and night storage heater. Privacy screens. Ceiling recessed spotlights. Laminate floor. Chairs & tables.
Through to Private Dining Area: Fully equipped with chairs and tables. Air conditioning. Ceiling recessed spotlights. Laminate floor. Door to Rear Lobby: With emergency exit to outside. Tiled floor.
Door to Store: With fridge & wine cooler. Wine rack. Fitted shelves. Velux double glazed roof light. Strip lights. First Floor: Public Landing: Carpeted with half tiled walls.
Gents’ Toilet: With half tiled walls, and tiled floor. Hand basin. Electric hand drier. WC cubicle. Ladies’ Toilet: With half tiled walls, and tiled floor. Vanity shelf with 2 hand basins. WC cubicle.
Built-in cupboard. Private Landing: Through to Passage: With shelves and 2 freezers. Door to Office: With cupboard housing gas fired central heating boiler.
Rear Landing: Door to fire exit with stairs to ground floor and outside. Bedroom 1: 22’3” x 9’9” (max), with potential to divide into 2 separate bedrooms, each having access to the landing.
Bedroom 2: 20’0” x 8’10” (max), with potential to divide into 2 separate bedrooms, each having access to the landing. Bedroom 3: 10’8” x 7’10” (max). Shower room: Shower cubicle with “Mira” fitting.
Pedestal hand basin. Low level WC. Half tiled walls. Appliance space and plumbing for washing machine. Extractor fan.
Outside: To the rear of the premises is an undeveloped area of potential garden and sheds & stores offering additional accommodation, subject to planning consent.
Services: All mains services are connected to the property. District Authority: North Norfolk District Council, Cromer. Tel: Tax Band: “A”. Rateable Value: £13,000 EPC: C.
Directions: From the Town Centre take Holt Road, and the premises is on the right at 200 yards. Location: Fakenham is a Market Town standing on the River Wensum in the heart of North Norfolk.
The picturesque Coast with its fine sandy beaches, pinewoods, marshes, and sailing harbours is 10 miles distant, Kings Lynn is 22 miles distant and the fine City of Norwich, 25 miles.
The Town has a wide range of shopping, educational and sporting facilities, including a National Hunt racecourse, and was once voted by the readers of “Country Life” magazine as the seventh best Town in Britain in which to live.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 14, Holt Road, Fakenham
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