Pub for sale

Lighthouse Inn Coast Road, Walcott, NR12 0PE

Leasehold £60,000

Property Description

Key features

  • New 'free of tie' FRI lease available
  • Beautifully positioned freehouse on the Norfolk coast
  • Established business consistently trading in excess of £600,000 per annum (net of VAT)
  • Delightful, extensive trade gardens suitable for marquee events
  • Owner-operated since 1989
  • Total internal covers - c.150
  • Site area- 2.03 acres (approx)
  • EPC Rating: C (68)

Full description

Tenure: Leasehold

The Lighthouse is a detached, predominantly two-storey public house. The internal trading area is primarily open-plan in nature with extensive bar and restaurant areas catered to by a large wooden servery. There is a dedicated restaurant in addition.  In total, c. 150 covers are served. Male & female WCs are also present and there is a good-sized beer cellar at basement level. 

Serving the restaurant is a substantial and well equipped commercial trade kitchen with ample preparatory space, incorporating walk-in chillers and surfaces.  Further storage space is available in the adjacent single storey outbuilding. 

The first floor accommodation provides a 3 bedroom domestic flat with lounge, small office and bathroom. 

Outside, the Lighthouse benefits from extensive trade gardens primarily laid to lawn. Currently, there are c. 60 external covers (picnic benches) available but this could be greatly increased, if desired. The remaining outside space has been utilised for marquee events, including weddings. The car park provides ample parking for 35-40 vehicles. 

The property is available by way of a new FRI 'free of tie' lease for a term to be agreed. Rental offers in the region of £55,000 per annum are invited. Initial rental incentives may be available, subject to terms.

Premium offers of £60,000 will be sought for the benefit of the new lease. This will include the purchase of the fixtures & fittings and goodwill. An inventory can be provided on request. Applicants must have sufficient capital available to cover 6 months rent (3 months as a deposit; 3 months rent in advance), insurance, legal fees and working capital.

The Landlord will consider staged payments of the premium, at their discretion. Proof of funding will be sought. Please call 01223 370055 to discuss these ingoings in more detail. Alternatively, an outstanding freehold offer would be considered by the Landlord.


More information from this agent

Energy Performance Certificates (EPCs)

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:

Everard Cole Ltd, Cambridge

Sheraton House Castle Park, Cambridge, CB3 0AX

01223 787039 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:

Everard Cole Ltd, Cambridge

Sheraton House Castle Park, Cambridge, CB3 0AX

01223 787039 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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