16th Century Pub & Restaurant with 4 En Suite Rooms for Sale in Bungay Suffolk Town Centre
Bungay, Suffolk
- Status
UNDER OFFER
- Date Submitted:
12/01/24
- Advert ID
604932
- Reference
94533 / Rightbiz
- Call Agent:
- Freehold: £395,000
- Leasehold: £20,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Fully Fitted
- Close to Local Amenities
- Town Centre location
- Prime Location
- Open Plan Trading Area
- Trade Gardens Available
- With Car Park
Business Details
SUFFOLK TOWN CENTRE PUB & RESTAURANT WITH 4 EN SUITE LETTING BEDROOMS
Three storey, 16th century town centre pub & restaurant
Desirable Suffolk market town on the edge of The Broads
Open plan bar/restaurant (50) with commercial kitchen
4 en suite letting bedrooms & 1 bedroom private apartment
Car park (6) & rear trade patio (40) with views of Bungay Castle
Freehold opportunity or new free of tie Leasehold opportunity
The Castle Inn is situated in the Suffolk market town of Bungay which lies in the Waveney Valley on the edge of The Broads. Bungay is located 16 miles west of Lowestoft and the Suffolk coast, 17 miles southeast of Norwich and 21 miles southwest of Great Yarmouth. According to the 2021 census, the town had a population of 5,008.
Bungay benefits from a variety of landmarks and amenities which include two primary schools, secondary school, doctors surgery, golf club, fuel station, theatre, museum and the historic Grade I listed Bungay Castle which overlooks The Castle Inn.
The Castle Inn, which is purported to date back to the 1500s, occupies a three-storey, semi-detached, brick building under a pantile roof. It is situated in a prominent position on the desirable Earsham Street neighbouring an independent butchers, fishmongers, deli and greengrocers, where it is only a few hundred yards from the town centre and Bungay Castle.
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Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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