Impressive Residential Village Freehouse Pub For Sale

Business description

A MOST IMPRESSIVE 15th CENT RESIDENTIAL FREEHOUSE PUB WITHIN THIS MOST IDYLLIC VILLAGE LOCATION OF KENNINGHALL IN CLOSE PROXIMITY TO THETFORD FOREST NORFOLK


> Unexploited sales of circa £120,000 Inc vat 60% Wet & 40% Food with great potential to increase both wet & dry – guest accommodation yet to fully show through
> Locals bar (28 + 50 vertical drinkers), pool table area (20 vertical drinkers), restaurant 24 covers, function room which opens onto restaurant area (50 or with partition open could seat 80 or 100 vertical )
> Heated smoking solution + beer patio, beer garden (60) and car parking for circa 24 vehicles
> Set to Market Square of the village and within close proximity of fabulous walks and forestry, attracting locals, day trippers and visitors to Snetterton Motor Racing Circuit
> Flexible 5 bedrooms, 1 bed owners apartment + 4 guest letting
> Free of Tie 15 year lease from 07 fully protected and renewable at no further cost – It’s a FREEHOUSE

EXTREMELY POPULAR WELL PRESENTED FREEHOUSE PRESENTS OBVIOUS OPPORTUNITIES AT AN ASKING PRICE OF £49,500 LEASEHOLD TO INCLUDE GOODWILL, FIXTURES AND FITTINGS PLUS S.A.V.


Kenninghall is a village and parish in the county of Norfolk “Nelsons County” and quintessentially England at its best and most beautiful. The name Kenninghall comes from the Saxon word Cyning (King) and Halla (Palace). The site was the home of the Kings of East Anglia. After the invasion of William the Conqueror in 1066, he granted the estate to William of Albany, and his heirs, as a residence for the Chief Butler of England at the Coronation of the British Monarch. Thetford is but 8 miles away and Norwich approximately 13 miles with other popular villages such as Diss, Bressingham with its ever so popular Steam Railway and stunning gardens, Banham Zoo & Attleborough provide further attractions to visitors within the area. The pub is located in the heart of the village on Market Place. For families, the village has a small primary school and bus connections to secondary schools, local convenience store etc. The locale attracts motor sports enthusiasts and teams from all over the world to the nearby Snetterton Motor Racing Circuit

PROPERTY DESCRIPTION
The property is of brick construction under pitched tiled roofs occupying a prominent position within the heart of the village. We understand that the property dates back to the 1400’s making it an “iconic” “must see” for visitors to the locale. The trading areas are well maintained with beamed LOUNGE BAR (28 + 50 vertical drinkers) & POOL ROOM (20 vertical drinkers) and feature fire place to the front of the property leading to DINING AREA (24 covers) and FUNCTION ROOM (50 or with the partition open to dining area could seat 80 or 100 vertical) with its own bar facility. The CENTRAL BAR server has a timber frontage with REAL ALE WICKETS and bright beer pumps set into it. Bar optics are located within the merchandising back fittings. The COMMERCIAL KITCHEN is fitted with stainless steel appliances, freezer & fridge room. BEER CELLAR is fully chilled. Facilities of LADIES & GENTS are well presented.

OWNERS ACCOMMODATION
Located on the 1st & 2nd floors comprises of on the 1st floor , a large feature lounge, bathroom, 3 double bedrooms, office and a further 2 double bedrooms en-suite to the 2nd floor. Our clients currently have one bedroom, lounge and bathroom for their own use choosing to use the further 4 for guest use.

EXTERNALS
This superb business has a fantastic rear elevation garden (60), patio (20), heated smoking solution area and parking for circa 24 vehicles. There is ample space to create an “ALFRESCO” drinking & dining area for the summer months.

PREMISES LICENSES
The business currently trades Monday to Thursday from 4:30pm till 12 midnight, Tuesday to Thursday 12 noon till 3:00pm and Friday to Sunday 12 noon till 12 midnight; however the permitted licensing hours for the premise are Monday to Saturday 10:00am till 12 midnight and Sunday 12 noon till 12 midnight.

TENURE
We are advised by our client that the property is held on a FREE OF TIE LEASE from July 2007 at an annual rent of £23,250 with rent reviews every 5th year from The Wellington Pub Company. This is a FREEHOUSE

SERVICE
We are advised that there are mains for the Water & electric, oil central heating and LPG gas for cooking.

THE BUSINESS
Our clients have run the business since February 2010 and within this short period have rejuvenated what is truly a fantastic traditional Village Pub having spent circa £50ks on its upgrade. Sadly due to personal health reasons they have to offer the business for assignment.
VAT returns show sales of £120,000 inc vat on a split of 60% Wet to 40% Dry with the guest letting yet to fully be expressed within the overall takings of the business. Viewing the business and talking to our clients you will fully appreciate the unbridled potential that the pub has in store and a new energised owner would expect to take sales up to and beyond £300,000 exploiting the available opening hours and tourist potential of this lovely old English Pub.


A TRULY UNIQUE OPPORTUNITY TO ACQUIRE A FREE OF TIE PUB WITH BAGS OF POTENTIAL SET IN AN IDYLLIC LOCALE

Property information

Property:

Leasehold