Freehold Freehouse Situated In Affluent Location Of Thetford For Sale

Business description

A CHARMING AND MOST DELIGHTFUL 19TH CENTURY FREEHOLD FREEHOUSE SITUATED IN THE HIGHLY DESIRABLE AND AFFLUENT LOCATION OF THETFORD, NORFOLK




Substantial 19th Century traditional inn situated in the beautiful county of Norfolk.
Characterful L-shaped Main Lounge Bar (60), Tap Room (10).
2 Letting Rooms - both with en-suite facilities.
Owner's delightful 2 bedroomed accommodation.
Sales for year end 31st July 2006 circa £176,000 (incl.).
Trade split 98% wet and 2% letting.
Currently operated on reduced trading hours, massive potential for enthusiastic owner operators.


AN EXCELLENT BUSINESS PROPOSITION AND ENVIABLE LIFESTYLE WITH HUGE POTENTIAL FOR COMMITTED ENTREPRENEURIAL HANDS-ON PARTNERSHIP.


ASKING PRICE £360,000 FREEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This charming traditional Freehold Freehouse is situated in the highly desirable location of Thetford, Norfolk and can be easily reached from the A14/A11 junction. Proceed along the A11 towards Norwich and Thetford for approximately 15 miles. As you approach Thetford turn right onto the London Road towards Thetford town centre. Carry along this road for approximately 1 and a half miles and turn left onto St Nicholas Street whereupon you will find this truly superb inn.

The Inn also attracts a desirable clientele emanating from the affluent nearby villages and larger catchment areas, in addition to the loyal local customer base.

THE PROPERTY

This lovely 19th Century traditional inn is an impressive and substantial 2 storey property of brick construction. Retaining a wealth of character this attractive property has a lovely and welcoming ambience.



There are two entrances leading into the Main Lounge Bar.

Main Lounge Bar (60) being L-shaped is a bright and airy characterful room having a wonderful ambience with a feature central return bar servery with polished counter with a matching back fitting with full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by a mix of upholstered pews and settles with an array of loose polished tables and upholstered chairs and upholstered stools. There is a pool table with lighting over, an AWP, a darts throw, 2 games machines and a TV. Adding to the charm of the room is the lovely part panelled walls and drinks shelves. Access to the Beer Garden and Tap Room.



Tap Room/Private Room (10) with loose tables and upholstered chairs and upholstered stools, access to the Beer Garden.

Catering facilities include a compact Kitchen with base units, preparation surfaces, gas cooker, microwave, fridge and extractor hood. Tiled walls and tiled floor.

Lower Ground Floor Cellar (accessed from behind the bar) with barrel drop, pumps, python and cooler.

Ladies and Gents W.C's.

LETTING ACCOMMODATION

Situated in a quaint single storey cottage style unit with access from the beer garden having a total of 2 bedrooms both having en-suite shower rooms, colour television and tea/coffee making facilities. There is also a paved patio area abutting the rooms with open access into the Beer Garden.

OWNER'S ACCOMMODATION

The excellent and spacious owner's accommodation situated on the first floor briefly comprises: 2 bedrooms, good sized lounge and bathroom.

EXTERNAL

There is an enclosed beer garden with timber tables and benches.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon - Sat - Midday - 01.00am

Sunday - Midday - 11.30pm

The current trading hours are as follows:

Mon - Thurs - 5.00pm - Midnight

Friday - 4.00pm - Midnight

Sat and Sun - Midday - Midnight

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business and property is being offered for sale freehold (although we have not had sight of the title deeds).

We are advised that the inn benefits from all mains services (services not tested).

Business rates payable are to be advised.

THE BUSINESS

This top quality and well established inn is currently run by our vendor clients as a husband and wife team who have been in situ for the past 5 years and have operated this truly superb inn on a part time basis with the assistance of 5 part time members of staff. After approximately 14 years in the trade our vendor clients are looking to retire from the trade in order to pursue other non-related business ventures. Hence the instructions to sell. This delightful and charming inn is a successful and profitable business with the current owners having achieved a solid trading foundation which can be fully emulated and capitalised on; yet still offers new enthusiastic full time owner operators considerable potential to increase the sales by simply increasing the trading hours and with the introduction of food. Sales for year ending 31st July 2006 circa £176,000 (incl.). Trade split is currently 98% wet and 2% letting.

In our opinion there is massive potential and would quite easily expect a new 'hands-on' fully committed partnership or family operator to achieve a turnover in excess of £225,000 (incl.) per annum.

The asking price reflects the current trading foundation, the location and quality of fixtures and fittings and not forgetting, of course, that this is a substantial piece of freehold real estate (becoming increasingly rarer!) in an idyllic location.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Freehold