Occupying a prime position in the highly sought after village of Loddon, this former bank building is for sale with Auction House East Anglia with a guide price of £300,000. Most recently operating as The Terrace restaurant, 2 Church Plain in Norfolk is going under the hammer with full planning permission for its conversion into multiple apartments.
Approved on 6th April 2023 by South Norfolk Council, plans could see the building and roof extended into six two-bedroom apartments. The proposed development consists of four flats on the first floor and two on the ground floor, while still maintaining the valuable restaurant space at the front of the building.
Previously housing a branch of Barclays Bank, the 265 square metre building had been running as a bistro style restaurant since September 2019. Offering “fresh food with a warm welcome” it proved popular with locals and visitors alike, and garnered stellar five-star online reviews.
Open seven days a week and offering both dine-in and take-away options, the restaurant capitalised on Loddon's bustling tourism industry. The front commercial unit benefits from A3 use, and therefore could be repurposed for any premises offering hot or cold food.
There is also the potential to change the use and explore other creative options for the versatile front space, such as an office or retail unit. Interested parties can view the full planning details South Norfolk District Council's website under reference: 2022/1995.
As it stands, the building includes the former bistro room, three toilets, an office, a staff room and a kitchen. Outside there is a front, rear and side garden, a large terrace and permit parking is available in an adjacent public car park.
The 0.2 acre site sits within a conservation area and overlooks the beautiful 15th century Holy Trinity Church in the centre of town.
Considered somewhat of a hidden gem, Loddon lies within the bounds of The Broads National Park just 12 miles south-east of Norwich.
The popular market town offers picturesque local walks, convenient access to the Southern Broads and a variety of specialist local shops, eateries, and pubs. It's also an ideal destination for commuters traveling to Norwich and beyond, thanks to its excellent bus connections to Norwich and Lowestoft.
2 Church Plain is being offered with a guide of £300,000 (plus fees). If you’re looking for your next investment project, and would like to find out more, contact the Auction House East Anglia team here.
