Description
• Freehold freehouse in prominent position
• Central village location in north Suffolk
• Consistently high levels of trade
• Strong bias towards wet sales (c 75%)
• 3 double en-suite bedrooms above
• Large rear service yard and external storage
• Annual Turnover exceeds £500,000
Property
The Royal Oak is a substantial 2 storey property, which sits in a prominent corner position in the centre of this bustling village.
The property is accessed via a central entrance into a traditional bar area with open fire place, quarry tiles and character wooden bar servery. To the right hand side is a light sunny dining area with flexible trading space for 36-40 covers.
To the left hand side is a games room with pool table and darts board, adjoining male and female WC’s. Internal covers exceed 65, excluding substantial standing space, which is required when busy.
To the rear is a large commercial trade kitchen, wash up and storage area. A sizeable cellar is located at basement level.
The 1st floor provides private accommodation comprising 3 double en-suite bedrooms, substantial lounge and kitchenette.
Externally there is a cobbled front patio area with marquee shelter and space for well over 50 people. to the rear is a large service yard and staff parking areas, along with outbuildings which provide additional storage areas, pizza oven, wood & wine store.
Measurements
Building Footprint: 2,732 ft2 (GEA)
Site Area: 0.172 acres (0.070 hectares)
All measurements are taken from digital mapping and are approximate.
Planning
We are advised that the property is Grade II Listed (Reference No 1352232).
The local authority is Mid Suffolk District Council: www.midsuffolk.gov.uk
Tenure
Freehold available, subject to vacant possession, seeking offers in the region of £425,000, exc VAT if applicable. TUPE will apply.
The Business
The business is open and trading, operating as a thriving well supported village pub. Turnover is around £550,000 for the year with a strong bias towards wet sales at c 75% of trade. Trade is steady throughout the year given the strong support from local residents in the village and surrounds, local community groups & associations and is truly the hub of the village.
Rates & Charges
Current rateable value (1 April 2023 to present): £6,750.
Council Tax Band B (£1,579.70)
Location Details:
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