Fate of Loch Fyne secure despite building being put up for sale
PUBLISHED: 11:31 27 March 2019 | UPDATED: 16:28 27 March 2019
The fate of Loch Fyne in Norwich's St Giles Street has been revealed.
A spokesman from Greene King, which owns the restaurant chain, confirmed that the restaurant has got a secure tenancy in the premises until 2027.
The spokesman explained: “We own the leasehold, it is the freehold which is being sold. We have a lease there until 2027, business will continue to run as normal.”
The building will be auctioned off on April 4, with an asking price of £750,000.
As well as being a restaurant, the building also comes with self-contained flats on the first and second floor of the property.
Auctioneers notes also say that redevelopment of land at the rear of the property could see further accommodation built.
The rent on the building currently sits at £62,500 a year.
Greene King has this morning announced that it is selling one of its properties in Norwich’s St Benedict’s Street.
The Ten Bells pub is up for sale, with current tenant Bullards set to move out and make its new Crystal House premises its home.