Property
Front entrance leading directly into the main bar, which is beautifully decorated in a traditional theme with exposed beams and large inglenook fire place and stunning period features throughout. The bar area can set approx 40 customers, including bar seating. The main bar leads round to the restaurant area (the other side of the fireplace) and can seat up to 60 customers. Fully equipped trade kitchen with prep/wash up area. The kitchen also benefits from a walk in fridge/freezer. Ancillary storage and laundry room space both internally and externally as well as a ground floor cellar which is accessible from behind the bar.
1st floor owners accommodation consisting of 2 double bedrooms, spacious lounge, kitchen with dining area, bathroom. 2nd floor one room, which could be used for storage or a third bedroom. There is also an office and storage room.
Letting Accommodation – The accommodation is a separate, two storey building which includes 8 separate rooms which are available to book 7 days per week. This unit includes just over 2,000 sq ft of floor space, with 4 double bedrooms with en-suites on the ground floor and 2 double bedrooms with en-suites on the first floor. There is also a family bedroom and a single bedroom which share a bathroom on the first floor.
External areas consist of a large car park to the front and side of the pub for 50 plus cars. The property boasts one of the largest beer gardens in the area (200 + on bench seating), with a children’s play area. There is also a hard standing covered pagoda space with wall mounted TVs, ideal for those wanting to watch live sports in the warmer months. The large space lends itself ideally for various events throughout the year such as music events and beer festivals.
Measurements
The total area for the site is 1.046 acres and the ground floor footprint (GEA) of the public house extends to 439 m² (4,728 ft²).
Planning
We are advised that the property is Grade II Listed, Listing number 1033250.
For further information please contact the Mid Suffolk District Council https://www.midsuffolk.gov.uk/
Tenure
Freehold available as a transfer of a going concern (TOGC). Seeking offers in the region of £1,250,000 (plus VAT), plus stock at valuation.
A new ‘free of tie’ lease is also available to experienced operators only. Term to be agreed. Full repairing and insuring. Premium £150,000 to include full trade inventory. Rent £90,000 (exc VAT). Rent deposit of 3 months of headline rent. Stock at valuation.
The Business
The business has been in our clients hands for over the past 37 years, making this a notable and desired opportunity. Over the years the family run business has established one of the most popular destination pubs in the region. There is a well supported local trade as well as a high number of visiting customers. The addition of the letting rooms has provided a further source of income and proven to be healthily occupied by workers during the week and couples visiting on the weekends. Rooms start at £75 per night including breakfast for the doubles, £65 per night including breakfast for the single and £85 per night including breakfast for the family room. Trade split is approximately 50% food, 42% wet and 8% accommodation, with potential to increase the letting room trade. Accounts for year ending 30th September 2023 show a net turnover in excess of £1,000,000. Accounts can be made available to genuinely interested parties following a formal viewing.
Rates & Charges
Rateable Value from 1st April to date are £42,000.
