Key Points
Beautifully Presented Bar & Restaurant
Prominent Corner Position
Thetford Town Centre Location
Dining Room & Conservatory (50)
Cocktail Lounge Area (8)
Elegant Parisian Style Bar Area
Enclosed Patio Courtyard Garden (15)
Well Equipped & Spacious Trade Kitchen
Well Kept 2 Bed Private Accommodation
Potential as Pub/Wine Bar with Food
Property
The building itself dates back to the early 1800s. A Grade II listed two-storey detached property. The property benefits from being situated in a prominent position on the corner of Raymond Street and Cage Lane, and was historically used as a bakery and a wine & spirits wholesaler providing to all the local pubs in Thetford.
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Main entrance from Raymond Street leading directly into the Parisian styled bar area which benefits from seating for 4, wooden bar servery and tile flooring. Leading to a beautifully decorated hallway/lobby space with tiled floor, fireplace and unisex WC. Armchair seating for 4. Stair case leading to the first floor. Traditional style cocktail Lounge/Library with occasional seating for 8 customers and boasts the original dated bread oven. To the rear is the dining room, extensively decorated to provide a very intimate and comfortable atmosphere. To the right is a beautifully bright and spacious Orangery Conservatory. Both areas can seat approximately 50 covers. Back of house areas consist of a extensively equipped trade kitchen leading to a store and prep area, that could be used as a further kitchen space as extraction hood is still in situ. Basement bottle store, which could be easily converted to a cooled beer cellar. First floor carpeted landing with access to ladies and gents WC and private access to the owners accommodation. First floor private accommodation consists of a lounge, Kitchen (without hob/oven units). 2 double bedrooms and a bathroom. All areas are well kept and beautifully presented. There is also access to an attic space.
External areas include an enclosed patio courtyard with seating for approximately 15 customers and a raised path area leading to a gate entrance off Cage Lane. Private driveway allowing parking for one vehicle. External door access to the private accommodation on 1st floor. Whilst there is no parking on site, there are free of charge car parks 2 minutes walk away.
Measurements
Site Area of 0.103 acres
Total Floor Area of 2,573 sq ft
Planning
The property is Grade II listed and is situated within a Conservation Area.
Those looking for change of use will need to make their own enquiries with Breckland Council in the first instance.
Tenure
FREEHOLD – Seeking offers in the region of £375,000 (exc VAT) to include goodwill, fixtures and fittings. Plus stock at valuation.
The Business
Our client has owned The Mulberry since 2010 and worked hard to create a space for relaxed and informal dining. It is a popular venue for engagements, wedding receptions, anniversaries, birthdays and reunions. The business is currently operated by our client supported by seven part time staff. Our client runs the restaurant as more of a lifestyle business and only trades on limited opening times which are as follows: Tuesday to Saturday: 6pm – 10pm Sunday & Monday: Closed. Therefore there is great scope for a chef/operator to look significantly increase turnover. Turnover for the year ending 5th April 2024 was £196,483.
Rates & Charges
Rateable Value: £20,750 as of 1st April 2023
