Attractive Olde Worlde Detached Licensed Hotel, Restaurant & Freehouse | | Undisclosed Norfolk | | Sought after NORFOLK locality, close to the Norfolk Broads | | ADVERT NUMBER : 39200
ADVERT IMPRESSIONS : 26,796 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Licenced / Leisure | | SALE: | Agent Sale | FREEHOLD: | £950000 | LEASEHOLD: | £150000 | | | | | BUSINESS DETAILS: | Features : Lawn to new building we understand built in approx. 1510.Large Car Park, partly gravelled, parking for 50/60 carsGarden areaATTRACTIVE STONE BUILT PROPERTY. GRADE II LISTED.Hotel entrance. Entrance hall.Residents Lounge/Reception area with Amtico type floor, open fireplace. 2 coffee tables, armchairs plus settees providing seating for 16 persons.Adjoining spacious Lounge Bar with Amtico type floor, ceiling and wall lighting. Tables and chairs providing seating for 30 persons. Attractive wooden bar with 6 hand pumps, 1 double door counter fridge, sink.Level Cellar with ice machine and glasswasherLarge Restaurant, fully carpeted. Tables and chairs providing seating for 50 persons. Adjacent additional area with dance floor. It will be appreciated upon inspection that the Restaurant area with adjoining area can be utilized for functions for up to 100 persons.Level commercial kitchen with stainless steel extractor unit, stainless steel cladding to walls and fully equipped including 2 6-burner gas cookers with double ovens, blue seal grill, deep fryer, combination oven, 2 3-door under-counter fridges, hot cupboard, stainless steel tables etc.Wash-up section with double sink and drainer, commercial dishwasher, stainless steel upright fridge, stainless steel table.Utility area, walk-in coldroom, 1 upright stainless steel fridge, 1 upright stainless steel double door fridge etc.Gentlemen's cloakroom with 2 urinals, w.c. and wash hand basinLadies' cloakroom with 2 w.c's, 2 wash hand basinsOfficeBoiler RoomFirst Floor3 superior letting bedrooms each with 4-poster bed, 1 with en suite bathroom with bath, separate shower, w.c. and wash hand basin, 1 with en suite bathroom with bath, shower over bath, w.c. and wash hand basin, whilst the 3rd bedroom has an en suite shower room with shower, w.c. and wash hand basin.In addition there are 2 standard double bedrooms, 1 with en suite bathroom with bath, w.c. and wash hand basin whilst the other has an en suite shower room with shower, w.c. and wash hand basin Courtyard Section - additional letting rooms, comprising 2 standard bedroomsBedroom No. 1. Twin bedroom with en suite shower room with shower, w.c. and wash hand basinBedroom No. 2. Double bedroom with en suite bathroom with bath, shower over bath, w.c. and wash hand basin In addition there are 2 4-poster bedrooms, 1 with en suite spacious shower room with shower, w.c. and wash hand basin whilst the second 4-poster room has an en suite bathroom with bath, w.c. and wash hand basin.There is additional letting accommodation in the form of a section known as The Dairy Block, all refurbished and modernized to a high standard, comprising:2 Standard Bedrooms, 1 with en suite shower room with shower, w.c. and wash hand basin, whilst the other has an en suite bathroom with bath, shower over bath, w.c. and wash hand basin 1 Twin Bedroom with en suite shower room with shower, w.c. and wash hand basin In addition there are 2 4-poster bedrooms, each with en suite bathroom with bath, shower over bath, w.c. and wash hand basin.All the letting bedrooms are fully carpeted, fully furnished to a high standard, each have colour television and tea and coffee making facilities.There is an old barn which we understand has planning permission to convert into 5 en suite bedrooms or 3 self contained catering cottages. We understand that part of the rear car park also has planning permission to build 2 cottages.THE FOLLOWING IS AN OPTIONAL EXTRA IN THE EVENT OF THE HOTEL BEING PURCHASED ON A FREEHOLD BASIS AND IS AVAILABLE AT PRICE TO BE AGREED.Large rear barnGround floor reception areaLarge room, licensed for up to 60 persons, licensed for civil weddings and ideal for conferences etc.Own kitchen facilities1 large disabled suite comprising double bed, 2 single beds with en suite facilitiesFirst Floor1 superior double bedroom with en suite bathroom with corner bath, shower, w.c. and wash hand basin1 standard double room with en suite shower room with shower, w.c. and wash hand basin Second Floor1 large superior bedroom with en suite bathroom, with bath, shower over bath, w.c. and wash hand basin2 further superior double bedrooms each with bathroom with bath, shower over bath, w.c. and wash hand basin GardenLocation : Sought after NORFOLK locality, close to the Norfolk BroadsTurnover : WE ARE INFORMED the sales year ending November, 2008 showed £420,000 net of VAT. We are further advised that the anticipated turnover year ending November, 2009 should show in the region of £460,000. Gross profit 75/80% approx. We are further advised that the maximum summer turnover can be in the region of £15,000 p.w. with minimum winter turnover in the region of £3,000/£4,000 p.w. It should be noted that the turnover is in respect of all the letting rooms including the optional large rear barn which is available as an optional extra on a freehold basis comprising 6 letting bedrooms and function area. It is the vendor's opinion that if this additional accommodation was not available the turnover would possibly reduce by approx. £100,000 p.a.Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the main building, courtyard secton, dairy block, garden, car park for a period of 16 years at a rental of £50,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.Uniform Business Rates: £16,000 p.a. approx.PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDMUST BE SEEN TO BE FULLY APPRECIATEDPrice : TO INCLUDE THE NEW LEASE (excluding the large rear barn), GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £150,000 plus STOCK AT VALUATIONSUBSTANTIAL LOAN TO AN APPROVED APPLICANT.OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY (excluding the large rear barn), GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £950,000 plus STOCK AT VALUATIONSUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTStaff : The business is at present operated by the vendor plus manageress with the assistance of 1 head chef, 1 second chef, 2 trainee chefs, 1 part time washer-up. In addition there are part time waiting staff, 1 head housekeeper plus 2 assistant housekeepers | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
