FREEHOLD COMMERCIAL INVESTMENT

HORNING, NORFOLK

A rare opportunity to acquire the freehold interest in an attractive mixed-use property occupying a prominent position in the heart of Horning, one of the Norfolk Broads’ most sought-after and visited destinations.

The property comprises a well-presented ground floor retail premises together with a first floor self-contained holiday let apartment, creating an appealing combination of income potential within a highly desirable waterside village.

The building itself is full of character and charm, being an attractive unlisted property that has been significantly improved and maintained by the current owners. Of particular note is the recently replaced thatched roof, providing both visual appeal and peace of mind for a future owner.

Horning remains one of the Norfolk Broads’ most popular visitor destinations, attracting strong year-round footfall from holidaymakers, boating enthusiasts, local residents and day visitors alike. The property’s central village position places it within easy reach of the riverside, local amenities and the area’s thriving tourism economy.

This mixed use and versatile freehold property offers considerable appeal in an exceptionally desirable location. Please note that the retail unit is currently let and the sale is subject to this existing lease with the current business being unaffected.

The ground floor unit currently produces a rental income of £18,000 pa with the upstairs holiday let achieving an average income of £17,000 pa over the past 5 years, providing a gross yield of 7.8% based on the stated asking price.

PROPERTY:

The ground floor retail premises are beautifully presented and fitted out to a high standard throughout. The accommodation currently incorporates retail sales space, display areas, customer seating and ancillary preparation and storage facilities, providing a flexible layout suitable for a variety of commercial uses, subject to any necessary consents.

Character features can be found throughout the property, including exposed timbers, bespoke glazing, wooden flooring and handcrafted fixtures, all of which combine to create a warm and welcoming environment.

To the rear is a well-equipped service area and kitchen space together with additional storage accommodation and office facilities on the first floor.

Above and separate from the commercial premises is a holiday let apartment which provides an additional income stream and broadens the property’s appeal. The accommodation is ideally suited to visitors wishing to enjoy the Norfolk Broads and benefits from the area’s strong tourism market. The unit has been finished and fitted out to a very high standard offering providing a desirable holiday let which achieves strong occupancy levels and many repeat bookings. The unit would also be of appeal to a new owner who wishes to utilise it’s prime location for their own leisure purposes.

Externally, the property presents extremely well and has been maintained to a high standard and includes two off road parking spaces. The combination of its attractive appearance, prominent trading position and mixed-use configuration makes this a particularly unusual and desirable freehold opportunity.


KEY INFORMATION:

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: INV36651E.

TENURE: Freehold.

The sale will be subject to the existing lease of the ground floor unit with the current lease term running to the 29 August 2029.

RENT INCOME FROM SHOP: £18,000 per annum.

INCOME FROM HOLIDAY LET: £17,000 per annum average gross income over the past 5 years.

RATES PAYABLE: Nil in respect of the first floor holiday let. We are advised that the business benefits from Small Business Rate Relief.

The tenant of the ground floor unit is responsible for the Business Rates applicable to that part of the property.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC: The Energy Performance Certificate shows a rating of:

Ground floor retail unit - ‘C’ / 62 - Non-Domestic Rating
First floor holiday let - ‘D’ / 62 - Domestic Rating

PRICE: £450,000.

Comprising the freehold interest of the retail unit and holiday let subject to the existing lease.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That’s our specialty. If you’re curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.


DISCLAIMER:

1. MONEY LAUNDERING REGULATIONS: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

2. PARTICULARS: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

3. MEASUREMENTS: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

4. SERVICES: Please note we have not tested the services or any of the equipment or appliances.