Substantial freehouse on outskirt of Norwich – GENUINE RETIREMENT SALE

  • Freehold Price: £850,000
Norwich, Norfolk, England
For Sale

Substantial freehouse on outskirt of Norwich – GENUINE RETIREMENT SALE

Norwich, Norfolk, England
  • Freehold Price: £850,000

Description

Key Points
• Substantial character property in immaculate condition
• Traditional bar & dining areas (c125 internal covers)
• Site area- 0.9 acres with large car park (c50 cars)
• Extensive trade garden & patios (75 covers)
• 6 en-suite double bedroom letting rooms
• Well equipped commercial kitchen
• Thriving profitable business c £1M sales
• FREEHOLD AVAILABLE

Property
The Parson Woodforde is an immaculately presented detached freehouse, substantially extended in 2010 to provide character open plan trading areas (125 internal covers), trade gardens & patios (75 covers), dedicated parking (50 spaces) and 6 en-suite letting rooms.

The main bar is accessed via a central lobby entrance to a traditional bar with oak beams, log burners and wooden flooring, with space for 45/50 covers.

To the rear is a flexible open plan vaulted dining area with space for 80+ covers, served by a traditional bar servery, with direct access to the kitchen.

The sizeable well equipped commercial trade kitchen sits centrally with wash up, walk in fridge, dry stores, office and ground floor cellar. Male, female and accessible WC’s are found to the rear.

The 1st floor provides 6 double bedroom en-suite letting rooms and linen store. Room 6 is currently used for storage purposes.

Externally there is ample dedicated shingle parking surrounding the property (c 50 cars), grassed trade garden to the side (65 covers), patio areas (10 covers), service yard and storage areas.

Measurements
The site area, as measured from digital mapping, is approximately 0.89 acres, with the ground floor footprint being 515 sqm / 5,538 sq ft.

Planning
The Parson Woodforde is not Listed, within Green Belt or AONB. The property is administered by Broadland and South Norfolk

Tenure
The freehold interest is available subject to vacant possession, to include goodwill, trade inventory & IP, with SAV, in addition. TUPE will apply. OIRO £850K, exc VAT.

Fixtures & Fittings
Comprehensive trade inventory, including extensive commercial trade kitchen, trade furniture, both internal and external, plus letting bedrooms is included in the sale of the leasehold interest.

The Business
The Parson Woodforde is trading consistently well at c £1M per annum, being split roughly 65% dry, 25% wet and 10% accommodation. The business is very well presented, in immaculate condition, having been subject to regular repair and maintenance, and benefits from a comprehensive trade inventory.

Rates & Charges
Rateable Value- £38,000, as at 1st April 2023.

Location Details:
Weston Longville is a picturesque village 8 miles north west of the Norwich (growing population approaching 150,000), with easy access via the A1270 and A47, providing quick and easy access to the City and the surrounding villages, as well as Dereham and Fakenham.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
NA

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