3 bedroom pub for sale

NORFOLK

0 sq. ft. | £495,000

Property Description

Key features

  • Well established and popular freehouse in an enviable and sought after coastal location
  • Welcoming and characterful bar with brick feature fireplace (circa 26)
  • Designated dining area (circa 18)
  • Separate dining room with feature fireplace (circa 32)
  • Family/function room in two sections licensed for up to 150 people
  • Air conditioning throughout
  • Excellent and fully equipped commercial kitchen
  • Three bedroom owner's accommodation
  • Extensive and well maintained beer garden, 60' x 40' fully equipped marquee & a large patron's car park (40 cars)
  • Advised turnover circa £734,685 (incl.VAT) year end June 2014, trade split is approx 35% wet; 65% food

Full description

Tenure: Freehold

Ref 7738 FREEHOLD

A RARE OPPORTUNITY TO PURCHASE THIS LONG ESTABLISHED AND THRIVING BUSINESS IN AN IDEAL LOCATION WITH HUGE GROWTH POTENTIAL OFFERING AN ENVIABLE LIFESTYLE

LOCATION
Walcott is a typical Norfolk Coastal village in an excellent and sought after location on the B1159 just off the A149 between Mundesley and Happisburgh. The village is the only point where the B1159 (the coast road) actually runs along the sea which makes it a popular stopping point for day trippers and storm watchers. Walcott not only has a well kept beach and seafront but also offers local amenities such as local shops, cafes, restaurants, post office, caravan site, infant school and the eye catching All Saints Church. The larger
market town of North Walsham is only 6 miles away and with the added advantage of being close to the Norfolk Broads makes this area extremely popular especially during the Summer months.

THE PROPERTY is an eye catching two storey building of brick construction under a pitched tiled roof with a single storey stone faced extension and is currently being refurbished internally by the present owner, including re-carpeting throughout.

Public Bar (circa 26) has a welcoming feel and is full of character with a brick feature fireplace, dart board, AWP machine, fully equipped bar servery, carpeted throughout and furnished with matching tables and chairs. (It should be noted that the bar servery is part of the refurbishment schedule)

Dining Area (circa 18) This is a designated area separate from the bar and is ideal for informal meetings or small gatherings, fully carpeted and furnished with matching tables and chairs.

Dining Room (circa 32) with feature brick fireplace, fully carpeted and furnished with matching tables and chairs. Should new owners embark on creating either letting accommodation or camping this would also be an ideal breakfast room.

Family/function room licensed for maximum 150 people has its own separate entrance and can be split into two sections. With oak beams, wooden panelling and wood finish flooring, pool table and flat screen T.V., ideal for private functions.

Cellar located at ground floor level and well maintained.

Ladies & Gents W.C. all in good condition and well maintained.

Catering Facilities there is an excellent and very well equipped commercial kitchen with stainless steel surfaces, extractor system, 3 ovens, falcon char grill, range of fat fryers, microwaves, stainless steel fridges/freezers, separate washing up area with walk-in fridge.


Owner's Accommodation located on the first floor comprises of three double bedrooms, lounge, bathroom and office.

External there is a truly delightful enclosed family garden laid to lawn with plants, shrubs and picnic benches and has been maintained to a high standard. 60' x 40' foot function marquee fully equipped with bar servery, stage and dance floor (erected April to October), also a brick built out building incorporating prep area, walk-in freezer, bottle store and utility room (the de-carbonator is leased). It should be noted that the paddock and hard standing to the rear of the property is not included in the sale, however, it may be available to purchase at a later date subject to negotiation.

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- Sun 24/7

Current opening hours are:
Mon - Sun 10am to 11pm

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.

GENERAL REMARKS
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 LPG for cooking, three phase electric with electric air con and wood burners for heating (no services tested). Business rates payable are £TBC per annum.

THE BUSINESS
Our vendor client has owned the business for the past 28 years and in which time has built up a long established, successful and thriving trade with a good loyal and regular wet trade and an excellent reputation for quality food from the local community and surrounding area. Due to its superb location this freehouse is also immensely popular with the many tourists and visitors to the area especially during the summer months. It also enjoys hosting four darts teams, two pool teams, a football and cricket team, angling club and regular car rallies and really has become the hub of the community.
With the added advantage of the excellent outdoor facilities, function room and marquee; it is an ideal venue for wedding receptions and festivals etc. The business is currently being run by the owner full-time, 7 full-time staff and 15 part-time staff according to seasonal demand.
Our vendor client has now decided to retire and wishes to sell the freehold.
We are advised that accounts declare takings of circa £734,685 (inc. VAT) for year ending June 2014.
There is a huge growth potential for new owners to build on this already successful business by promoting the function facilities for weddings, festivals etc. and also by extending to create letting rooms or by purchasing the Paddock for use of camping/caravans etc (subject to planning).

Accounting information will be made available to interested parties after viewing.

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.



Nearest stations

  • North Walsham (5.2 mi)
  • Worstead (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • North Walsham (5.2 mi)
  • Worstead (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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