FOR SALE BY AUCTION - THURSDAY 16th MAY 2024
The property comprises a vacant detached Grade II listed public house of approx. 5,961 sq. ft. on a site area of approx. 0.75 acre.
Externally there is car parking for 44 vehicles and a landscaped garden with outdoor seating area. Internally there is a central bar, cellar, restaurant, lounge, commercial kitchen with scullery, external cold room, and WCs to the ground floor. To the first floor there is an open plan dining area with roof terrace, office, and flat providing 3 bedrooms, bathroom, storeroom, and reception room.
The property benefits from a large trade area seating 165 covers internally, and 45 covers externally. We understand turnover outside Covid periods was in excess of £500,000 p.a. (70% food / 30% wet sales). Please note no trading information is available.
The property could continue to be operated as a public house but also offers change of use and redevelopment potential, subj.ect to obtaining the necessary planning consents.
Location
The property is located approx. 5 miles southeast of Norwich on the A146 Loddon Road. The property is strategically situated on, and highly visible from, Loddon Road. Lodden Road is a busy arterial route between Norwich city centre and Lowestoft and is traversed by approx. 6,000 cars per day.
Popular Norfolk walking and coastal holiday destinations such as The Broads, Great Yarmouth, Cromer, Mundesley, Blakeney, and Overstrand are all within an hour’s drive. Norwich International Airport is less than a 20 minute drive from the property and offers flights to and from 14 destinations in 8 countries including the UK, Spain, Greece, Majorca, Turkey, Finland and Amsterdam.
Accommodation
Public House: 4,863 sq. ft ( 451.78 sq m)
Basement: Cellar
Ground Floor: Bar, Restaurant, Lounge Areas, Commercial Kitchen, Ladies & Gents WC’s, Scullery.
First Floor: Open Plan Dining Area, Office.
Managers Apartment : 1,098 sq.ft. (102 sq.m.)
Three Bedrooms, Bathroom, Store Room, Reception Room.
Outside: Car Park for approximately 44 vehicles, Rooftop Terrace, Landscaped Grounds & Seating Area.
Terms
Tenure - Freehold.
Guide Price - £500,000 plus fees