4 bedroom pub for saleNORFOLK
- Impressive & well appointed freehouse in an enviable location.
- Large open plan Bar with dance-floor & stage. Separate Restaurant (28 covers) overlooking the sea-front.
- 2 Bedroomed owners/managers Flat.
- 2 x 1 bed self contained Flats.
- Paved patio area.
- Large Courtyard/Car Park.
- Private yard with garage.
- Currently closed ready to refit, to trade for new owners requirements.
- Some refurbishment needed.
- Opposite new huge proposed mixed leisure development complex.
REF: 7575 FREEHOLD
A RARE OPPORTUNITY TO PURCHASE A FREEHOUSE IN AN EXCELLENT LOCATION OFFERING VERSATILITY AND MASSIVE POTENTIAL
This impressive freehouse is in a prominent and enviable sea-front location. Directly opposite the proposed site of the Edge Project which is a major mixed leisure complex comprising of casino, hotel, multi-screen cinema and restaurants etc. Planning permission has been granted and the commencement of building work is imminent. The renowned pleasure beach amusement park is only 500 metres away and attracts 1.2M people annually. Gt. Yarmouth remains one of the UK’s most popular sea-side destinations and can be found off the A12 on the Norfolk coast. Gt. Yarmouth is a busy and vibrant town with many shops, amusement arcades, leisure facilities, restaurants, cafes and places of interest etc. Gt. Yarmouth is also home to many local industries and has an international port, and is famous for The Old Quay. There are also plans to introduce passenger ferries to the East Port which will link up with the town with a projected 300,000 footfall annually. The property is also in the new enterprise and energy zone. Not only is Gt. Yarmouth highly populated but also attracts a huge number of visitors and tourists all year round especially during the summer months and has become a sought after location.
The property is an eye catching two storey building of brick construction under a pitched tiled roof which needs some refurbishment and modernisation.
The Bar Area is a large open plan horseshoe shaped bar, fully carpeted with wooden dance floor and stage, two projector screens, two feature fireplaces (one with open fire) central U shaped mahogany finish bar server which is fully plumbed and can be easily reinstated and has two separate entrances.
Restaurant (circa 28) is to the front of the property over-looking the sea-front and separate to the bar. Fitted with fixed seating and matching tables, fitted kitchen area with extractor systems and would make an excellent conservatory dining area.
Store Room with basin and fitted cupboards.
Utility Room with stainless steel butler sink.
Ladies & Gents W/C two sets all in good working order.
Two Cellars both below ground one with cooler system and cellar boys etc advised all in good working order.
Owner’s/Manager’s Flat located on the 1st floor comprises of 2 bedrooms, lounge, domestic kitchen and bathroom/wc (not seen).
Fllat One (right hand) self-contained comprising of one bedroom, lounge, domestic kitchen, bathroom and separate w/c (not seen).
Flat Two (left hand) self-contained comprising one bedroom, lounge, domestic kitchen and shower room/wc (not seen).
It should be noted that all 3 flats are currently rented out on a shorthold tenancy agreement with a 2 month notice period with an annual rental income of £15,480.
External to the front of the property there is a paved patio area and to the left is a large courtyard/ beer garden area (approximately 364 sq. m) could be used for car parking. Also private yard (suitable for extension to bars subject to planning permission) and second yard with garage currently used for storage.
TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon - Sat 10am to 11pm
Sun 12noon to 10.30pm
Current opening hours – the business is currently closed due to recent enfranchisement.
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with gas central heating (no services tested). Business rates payable are advised as being nil as not trading and also qualifies for small business relief.
Our vendor clients purchased the business in 1997 as leasehold but in 2009 went through the enfranchisement procedure to acquire the freehold which was completed in September 2011 but due to other business commitments did not re-open and have now decided to sell the freehold.
This is a tremendous opportunity for new owner’s to re-launch this business and make it one of Gt. Yarmouth’s main and most profitable venues and to take advantage of the new complex soon to be built opposite (plans can be made available on application).
Accounting information is not available as the business is not trading.
The property was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720.
Viewing appointments must be made via Guy Simmonds.
VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.
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