NORFOLK BROADS – LEASEHOLD PUB WITH ANNUAL TURNOVER OVER £500K

  • Leasehold Price: £27,500
Norwich, Norfolk, England
Seller Ref:27769
For Sale

NORFOLK BROADS – LEASEHOLD PUB WITH ANNUAL TURNOVER OVER £500K

Norwich, Norfolk, England
Seller Ref:27769
  • Leasehold Price: £27,500

Overview

Seller Ref: 27769

Description

Affluent village close to the River Chet & the Norfolk Broads
Public house & restaurant with bowls green & pavilion
4 internal trade areas & 3 double bedroom private flat
Sizeable plot with car park, trade patio & beer garden
Consistent net turnover of £500,000+ per annum
Established business – same operator since 2008

Leasehold Terms:
LEASEHOLD - Premium £27,500 to include goodwill, fixtures & fittings. Stock at valuation in addition. The property is held on a full repairing and insuring, assignable lease from Punch Taverns for a term of 25 years, commencing October 2005. Rent is £30,809 per annum, paid weekly in arrears, subject to annual rent reviews in accordance with RPI as well as every 5 years at open market rent. The lease falls within the provisions of Part II Landlord & Tenant Act 1954. The lease is partially tied on bottled and barrelled ales, lagers and ciders only. The Landlord insures the building, part of the cost of which is charged to the Tenant by way of an insurance rent. In addition to the agreed premium, there is an ingoing Landlord’s security deposit of £7,275. Please note that VAT will be payable on the premium and rental payments. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Number of Bedrooms:
3
Location Details:
White Horse, 5 Norwich Road, Chedgrave, NR14 6ND
Is this business relocatable:
No
Is accommodation included:
Yes
Is stock included:
NA
Website address:
https://www.sidneyphillips.co.uk/business-detail/27769

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