Freehouse For Sale

Business description

Ample parking in the square

CCTV system with 12 cameras, 2 monitors plus recording

Entrance to SPACIOUS LOUNGE BAR, fully carpeted. Settees, chairs plus bar stools providing seating for 60/65 persons. Air conditioning. Electronic cahs register. Bar with 11 hand pumps, mirror-backed shelving, optics, 2 double door glass fronted drinks display counter fridges.

Rear additional LOUNGE BAR, fully carpeted. Air conditioning. Tables and chairs providing seating for 50 persons. Bar with 9 hand pumps, 2 double door glass fronted counter fridges, electronic cash register. Pool table (on rental).

Rear Disco Room, fully equipped including lighting, large screen with projector.

The gound floor including the bar area is licenced for 250 persons (Disco operated on Friday & Saturday evening).

Rear private room with Pool Table (on rental) plus bar.

Included in the sale are 4 Plazma television screens. Sky television is rented at £460 per month.

Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with w.c. urinal, 2 wash hand basins

To the rear of the premises is a further ladies' cloakroom with 2 w.c's, 2 wash hand basins.
Additional Gentlemen's cloakroom with w.c. urinal and wash hand basin

Level ground floor beer cellar

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure lease having approximately 17 years unexpired at a current rental of £37,500 p.a. plus VAT, exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS FREEHOUSE IN THIS EXCELLENT TRADING POSITION.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Living accommodation:

The SPACIOUS LIVING ACCOMMODATION which does require refurbishment comprises: 3 Bedrooms (1 double with en suite bathroom with bath, w.c. and wash hand basin, 1 additional double, 1 single) Bathroom with bath, w.c. and wash hand basin Large Lounge L

Location:

Excellent trading position, overlooking Market Square, NORFOLK

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £7,000 p.w. (wet sales only) in our opinion offering tremendous potential for further increase in the right hands. In addition there is machine profits.

Reasons for selling:

Offers Invited To Include The Secure Lease, Goodwill, Fixtures, Fittings & Furnishings In The Region Of £135,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Trading hours:

Sunday - Thursday inclusive - 11 a.m. - 12 midnight
Friday & Saturday - 10 a.m. - 2 a.m.

Financing available:

Substantial Loan To An Approved Applicant.