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Retail Property (out of town) for sale

Ludham Bridge, Ludham

Withdrawn from Market 620 sq. ft. | £79,950

Property Description

Commercial information

  • 620 sq ft (57 sq m)

Full description

Tenure: Leasehold

The property is prominently positioned with a direct frontage to the A1062 Norwich Road which is immediately adjacent to Ludham Bridge approximately 1 mile west of Ludham Village Centre and 7 miles west of Wroxham in the heart of the Norfolk Broads.

Ludham Bridge is the largest free mooring on the Broads providing 48 separate berths providing significant tourist boat traffic. There is also an established and extremely popular Caravan Club site which provides 111 pitches.

There are numerous footpaths with straight forward routes to How Hill and the famous Bennet Abbey.

There are other adjoining businesses including the Ludham Bridge Stores, The Broads Sky Gallery and A J B Angling.

The property comprises part of the ground floor of the building with communal access leading to a good size cafeteria area providing seating and tables for up to 34 covers. There is a serving counter area, cash desk within this area which links through to the kitchen and stores to the rear. All in good decorative condition.

The kitchen itself is professionally fitted with stainless worktops and large cooking range with extractor system. A full inventory of equipment is available by separate request. There is a rear washing area and stairs then lead downstairs to stores and refrigeration areas.

Externally to the rear of the property there is a fully enclosed garden area with further seating and tables increasing the number of covers by a further 24. To the front and side of the property there is car parking.

We have measured the property in accordance with the RICS Code of Measuring Practice and the following approximate gross internal floor areas are provided.

Cafeteria 41.49 sq m (447 sq ft)
Kitchen 11.27 sq m (121 sq ft)
Washing Up Area 4.82 sq m (52 sq ft)

Ancillary Stores and Preparation

The property currently benefits from a lease for a period commencing 4th January 2012 ending on the 31st December 2020. Approximately 4 years are remaining. The current passing rent is £11,000 per annum. Paid in monthly instalments. A further payment of £800 is paid every year towards to water and the landlords expenses and costs incurred on repairing and maintaining the exterior of the property.

We are informed that the current landlords would be prepared to extend the lease.

The landlord also has a 2 bedroom apartment available above this shop at £550 pcm.

The current business has been in the same ownership for 6 years and during that time the business has grown providing a traditional café to a dedicated tourist and local customer base. The owners run the business with 1 full time member of staff and the business is opened from the holiday season from March to October. The business hours are from 7am to 4pm and there is considerable scope for the expansion of these working hours into the evening trade and for all year trading.

The current business enjoys a healthy turnover and provides good profit. Full information and 3 years accounts are available upon request.

The property lease, goodwill and contents is available at a premium price of £79,950

Strictly by appointment with the selling agents BYCROFT COMMERICAL. Tel. 01493 844489.

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