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The Angel, 66 Greengate, Swanton Morley, Dereham, United Kingdom, NR20 4LX

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Christie & Co, Pubs & Restaurants
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SECTOR

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

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.

Location

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.

Internal Details

* 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 & Fittings

There 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 Accommodation

Accessed from the kitchen on ground floor, the accommodation provides three-bedrooms, lounge and bathroom.

The Opportunity

An 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.

Trading Information

The landlord has never operated the establishment, therefore no accounting information is available.

Trading Hours

The pub currently opens and trades seven days per week:

Monday to Saturday: 11:00am - 11:00pm
Sunday: 11:00am - 7:00pm

Tenure

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.

Business Rates

The current rateable value as at 1 April 2023 is £2,500.

Regulatory

Premises Licence.

Energy Performance Certificates

EPC 1

Brochures

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

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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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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