Retail Property In Popular Market Town

Norfolk House has previously been a department store, gift shop with first floor cafe, and is currently a bed showroom.

The building is large, with scope to subdivide and create some separate residential flats/cottage to the rear, while still retaining an excellent shop and cafe.

The current owners are creating a top floor residential flat, which could be owners’ accommodation. There is further space in the attic which could also be developed.

Previous tenants were paying a rent of £36,000 pa. The owner’s preference is to sell the freehold but may consider a rental or rent to buy option.

The property traded for many years as Serendipity with a turnover around £750,000, included in this was a cafe turnover of around £3500/week.

A change of direction by current owners has meant that the premises are not being utilised to their full potential, hence offered for sale.