6 bedroom pub for sale

NORFOLK

£270,000

Property Description

Full description

REF: 8306 FREEHOLD

POPULAR COMMUNITY FREEHOLD PUB AND BAR WITH LETTING ROOMS, IN A TRULY ENVIABLE LOCATION CLOSE TO THE TOWN CENTRE IN THE VIBRANT AND BUSY NORFOLK TOWN OF KINGS LYNN

Well established freehouse in a superb position next to West Anglia College Campus.

Modern style Bar (circa 20) with Yorkstone floor and Entertainment Area.

Welcoming split-level Dining Room (circa 28).

Separate Pool/Carvery Area.

Fully equipped commercial Kitchen.

Spacious 2 bedroom Owner's Accommodation.

Four Letting Bedrooms with separate access.

Enclosed Patio Area with smoking shelter.

Advised turnover circa £130,357 (incl.VAT) year ending April 2019.

Trade split is approx 70% wet, 25% food, 5% accommodation.


A GOOD OPPORTUNITY TO PURCHASE THIS WELL-ESTABLISHED FREEHOLD INN SITUATED IN AN EXCELLENT LOCATION WITH TRUE GROWTH POTENTIAL


LOCATION
This well-presented and popular freehold Bar and Grill can be found close to the town centre of the large historical Norfolk town of Kings Lynn. Occupying a truly enviable location next to the West Anglia College Campus which, combined with Wisbech, has an attendance of around 10,000 students each year. Kings Lynn is a famous historic large market town dating back to the middle-ages and during the 14th century, Kings Lynn ranked as England's most important port and considered as vital to England as Liverpool was during the industrial revolution. There are many famous buildings such as The South Gate, Greyfriars Tower and The Corn Exchange and has a wealth of culture including museums and places of interest etc. There are many shops, cafes, restaurants including the well-known Vancouver shopping district, also an array of local amenities including schools, leisure facilities and a main line railway station with direct link to London Kings Cross. There is a population in excess of 42,000 and it also has a national league football club. Kings Lynn is considered one of Norfolk's major towns and has become a desirable place to reside.

THE PROPERTY
Is a two-storey building of brick construction under a pitched tiled roof and has been maintained to a good standard throughout. It should be noted that our vendor refurbished completely in 2014 when she took over the business.

Main Bar (circa 20) Is of a modern style with Yorkstone floor, wood panelling, AWP and games machine, dart board, TV screen, fully equipped wooden bar servery with bottle fridges, optics etc and is furnished with high tables with matching stools, tables and high back chairs. There is also an entertainments area, but it should be noted that the karaoke, PA and lighting systems are not included in the sale, however they may be available to purchase subject to negotiation.

Dining Room (circa 25) is split into two sections and has a welcoming atmosphere. The upper section has wood effect floor, exposed brick work, brick fireplace with log effect fire and an impressive clock collection. The lower section (lovingly known as The Pit) is fully carpeted with brick feature fireplace. Both are stylishly furnished with wooden tables and high back chairs.

Pool/Carvery Area which is a raised section separate to the dining room is fully carpeted with a pool table but also doubles as a carvery area with a fully equipped bain maire.

Ladies, Gents & Disables W.C.

Cellar is at ground floor level in good order.

Catering Facilities there is a fully equipped commercial kitchen (no equipment tested) with stainless steel surfaces, extractor system, gas range cooker, griddle, microwaves and fat fryers etc. also stainless steel fridge and freezer storage.

LETTING ACCOMMODATION
This is located on the first floor and has separate access and comprises of 3 double (1 en-suite) and 1 single bedroom. We are advised it should be possible to convert to en-suite accommodation.

OWNER'S ACCOMMODATION
Also located on the first floor, this is spacious and consists of two double bedrooms, lounge and bathroom.

EXTERNAL
There is a well-maintained enclosed patio area laid to slab with plants and shrubs, smoking shelter, picnic benches and parasols. Whilst there is no patron's car park this does not present a problem as it is close to the town centre and college campus.

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-Sat 11am to 02.00am
Sun 12 noon to 12 midnight

Current opening hours are:

Mon-Sat 12 noon to 11.30pm
Sun 12 noon to 3.00pm
6.00pm to 10.30pm

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 (no services tested). Business rates payable are currently advised as being Nil.

THE BUSINESS
Our vendor client took over the business in 2014 and totally refurbished it. They have built up a regular wet trade from the local community and the business has a good reputation for quality pub food and Sunday carveries. With the regular karaoke nights every Friday and Saturday, also hosting a darts and domino team and possible pool team and with the benefit of the versatile facilities, this establishment could easily become the hub of the local community. Due to the excellent location, this business is also popular with the many students attending the College especially during term months. The business is currently being run by the owner and her husband full-time along with part-time staff. Our vendor has decided to sell the business as she wishes to retire from the trade because of health reasons.
There is real growth potential for new owner operators to build on the already well-established trade by increasing the food offer, hosting more entertainments such as live music and quiz nights and also by converting the letting accommodation to en-suite to attract people visiting the colleges.

Advised turnover for year ending April 2019 is circa £130,357 (inc. VAT) with a trade split of 70% wet and 25% food, 5% accommodation.

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.

Viewing appointments must be made via Guy Simmonds.

Details Prepared: September 2019

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.


Energy Performance Certificates (EPCs)

Nearest station

  • Kings Lynn (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 station

  • Kings Lynn (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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.

Disclaimer - Property reference 8306. 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 Guy Simmonds Business Transfers Limited , National Licensed Property. 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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