Traditional north Norfolk pub with letting rooms available

  • Price: Offer Invited
Cromer, Norfolk, England
For Sale

Traditional north Norfolk pub with letting rooms available

Cromer, Norfolk, England
  • Price: Offer Invited

Description

• Freehold available with benefit of vacant possession
• Offers for new ‘free of tie’ lease will also be considered
• Traditional pub and restaurant with letting rooms
• Cosy bar areas and restaurant dining room
• 6+ letting rooms, depending on configuration
• Commercial trade kitchen with extraction
• Dedicated car park and trade gardens
• Suitable for variety of uses (STPP)

Property
The Alby Horse Shoes Inn is a detached, brick-built building under a tiled roof which is predominantly arranged over two storeys.
The ground floor trade area is subdivided into three main areas: bar/lounge, bar/games room and restaurant. The whole space has a wealth of light and is catered for by a wooden bar servery. The bar areas also include an attractive double-sided wood-burning stove. Male and female WCs are accessed via a hallway to the rear, which in turn leads to the cellar and trade kitchen with commercial extraction and an ancillary prep/store room.

On the first floor, above the pub there is 4 letting rooms, 3 of which are en suite, with the largest replete with kitchenette making it a self-catering room.
To the rear of the building, separate access opens into two-storey manager’s accommodation, which could also be used for letting. On the ground floor there is a kitchen/breakfast room, living room and shower room. The first floor comprises 2 double bedrooms, 1 of which is en suite.

Outside, there is a dedicated gravel carpark for c. 16 vehicles. A trade patio has tables for c. 20 covers, with a pleasant, enclosed lawn garden beyond providing a further c. 30. The property also includes a private garden with access to a large, detached double garage.

Measurements
The area of the site measures 0.3 acres. The ground floor area (GEA) of the public house extends to 269m² (2,895ft²). Measurements are taken from digital mapping and are approximate.

Planning
We are advised the premises is not Listed nor is it located in a conservation area. The pub benefits from a 24 hour licence. The relevant local authority is North Norfolk District Council https://www.north-norfolk.gov.uk/

Tenure
Offers are invited for the benefit of the freehold interest.
Alternatively, our client will consider rental offers in the region of £25,000 per annum for the benefit of a new FRI, free of tie lease for a term to be agreed. An upfront fee will be sought for the benefit of the trade fixtures and fittings, which are owned by our client. Applicants must have sufficient capital available to cover 4 months’ rent (3 months as a deposit; 1 months’ rent in advance), legal fees, plus working capital. Proof of funding and a business plan will be sought from experienced operators.

Fixtures & Fittings
All trade fixtures and fittings are included in the sale, save for any personal items. Stock in addition, at valuation, on completion.

The Business
The business is open and trading under temporary management therefore no trading information will be made available.

Rates & Charges
Business Rates: We are advised the business is eligible for 100% rate relief.

Location Details:
Erpingham is a village in North Norfolk with a population of c. 700 (2011 census). It is under 7 miles south of popular coastal town of Cromer and around 16 miles north of the city of Norwich. The Alby Horseshoes Inn occupies a large site on the busy A140, which starts in Ipswich and leads to Cromer via Norwich. The pub is well-located, being just 15 minutes' drive from Cromer and close to several camping and caravan sites. The property also neighbours the tourist attraction Alby Crafts and Gardens.
Is this business relocatable:
No
Is accommodation included:
Yes
Is stock included:
NA

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