The Angel, 66 Greengate, Swanton Morley, Dereham, United Kingdom, NR20 4LX
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Pub for sale
Key features
- Detached village pub near Dereham
- Brand new free of tie lease available
- Traditional bar with restaurant & games room
- Bowling green included in demise
- Three-bedroom tenant accommodation
- Rent £27,500+VAT. Energy Rating C
- Christie & Co Ref: 1456957
Description
The Angel is a brick built, two-storey detached building under a pitched and tiled roof. The property is Grade II Listed, with some parts dating back to 1610.
The current business attracts locals who enjoy a selection of cask ales and traditional home cooked meals. The pub includes the bowls green, which also attracts customers throughout the week.
The Angel public house is located in the countryside village of Swanton Morley in the heart of Norfolk. Swanton Morley is located between the market towns of Dereham, Swaffham and Fakenham, Dereham being the closest at three miles away. The village is adjacent to Bylaugh and Bylaugh Hall and is 18 miles (29 km) from the city and county town of Norwich.
Steeped in history, The Angel public house, originally home of Richard Lincoln, grandfather of Samuel Lincoln, American immigrant and ancestor of Abraham Lincoln.
* Main bar with low ceiling * Single bar servery with access to compact commercial kitchen and storage * Original beams decorated with hops * Open fireplace * Bank seating with a selection of low tables and high seating for approximately 40 covers * Dining/function room with high ceiling and exposed brick for additional 20 seated covers * Games room with additional bar, space for pool table or additional drinking tables.
Fixtures & FittingsThere are no fixtures and fittings included in the sale.
External Details* Large forecourt with picnic bench seating * Customer parking for 10 cars * Tenants private garden to rear of property * Bowling green included.
Owner's AccommodationAccessed from the kitchen on ground floor, the accommodation provides three-bedrooms, lounge and bathroom.
The OpportunityAn opportunity has arisen for an experienced operator to take on a new 20 year, free of tie lease.
The opportunity would ideally suit a community focussed owner-operator with a good understanding of the local area.
There is potential to increase revenue by modernising the interior, establishing weekly events/entertainment, increasing the food offering and advertising the function room.
The landlord has never operated the establishment, therefore no accounting information is available.
Trading HoursThe pub currently opens and trades seven days per week:
Monday to Saturday: 11:00am - 11:00pm
Sunday: 11:00am - 7:00pm
The property is offered on a free of tie, fully repairing and insuring lease for a term of 20 years commencing in December 2024. The annual rent will be £27,500 plus VAT per annum and will be reviewed five yearly. Rent will be subject to annual RPI increases, collared at 2.5% and capped at 5%.
Applicants must have sufficient capital available to cover three months rent and buildings insurance, standard £1,500 legal fees contribution and working capital. Proof of funding and a business plan will be required, along with a deposit equivalent to six months rent plus VAT.
The current rateable value as at 1 April 2023 is £2,500.
RegulatoryPremises Licence.
Energy Performance Certificates
EPC 1Brochures
The Angel, 66 Greengate, Swanton Morley, Dereham, United Kingdom, NR20 4LX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wymondham Station11.3 miles
Notes
Disclaimer - Property reference 1456957-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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