Historic cellar space with potential

An extensive lower ground floor, cellar area formerly used by Eaton Rifle Club with approximately 2,455 sq ft (228.1 sq m) of space. The entrance is accessed on ground floor level with WC facilities and steps down to the main area comprising three principal areas, all of varying height (main section 2.7m) and with store rooms. The main cellar area has an uninterrupted length of approximately 27 metres. Long leasehold. Varying uses all SUBJECT TO PLANNING. The property is located on the historic and popular artisan area of Upper St. Giles Street, Norwich in the heart of the City and accessed via a pathway to the side of a block of flats on the South side of the street. Upper St. Giles is a quiet but vibrant location with art galleries, coffee shops and restaurants making it a desirable location. We would advise any interested parties to speak to the local planning authority in regards to the type of use that would be permitted. Due to limited access and the nature of the surrounding areas, uses involving lots of people (i.e nightclub) are unlikely to be permitted, however, we would suggest speaking to them direct. The property is being offered with a long leasehold as follows: Term: 125 years from 1st April 2006. Ground Rent: £300 per annum. The property currently has a short 5 year lease in place to a client for £1,000 p/m year one, increasing year two to £1,200 p/m and increasing year four to £1,400 p/m, so a great investment property with instant income! Service charge and ground rent including building insurance has been paid up until June 2025.