Iconic Suffolk freehouse with rich cultural history of folk music

The detached property provides 2 main trade areas with wooden floor boards and tiles, bar servery’s and a mix of fixed and loose seating, with over 60 covers in total. To the rear is a scullery, commercial trade kitchen and basement cellar. Serving these area are male and female WC’s.

The 1st floor above the main pub provides sizeable residential accommodation comprising 2 double bedrooms with ensuite bathrooms, lounge and office.

Externally there are 2 self contained chalet style letting blocks, comprising 8 en suite letting rooms. The Stables to the front comprises 4 twins & doubles, with larger rooms to the rear of the site, including triple and family rooms.

There is a raised west facing terrace as well as 2 covered seating areas to the rear with space for 60-80, regularly used for music sessions and bands. In addition there are a number of outbuildings used for storage, logs, fridge freezers, dry stores and staff changing /sleeping areas (The Captains Cabin).

Opposite is a dedicated car park with space for 25+ cars.

Measurements
The area of the site is approximately 0.51 acres and the ground floor footprint of the public house extends to 505 m² (5,433 ft²). Measurements are taken from digital mapping and are approximate.

Planning
We are advised that the Ship Inn is Grade II Listed (Listing Number 1030864).

The local authority is East Suffolk Council.

Tenure
A new ‘free of tie’ lease on standard commercial terms, seeking rental OIRO £35,000 pax, with incentives available to strong candidates.

Premium
Premium offers are sought in excess of £30,000 to include all fixtures and fittings, IP, goodwill and a new lease. Stock payable in addition on completion.

Fixtures & Fittings
The property is fully fitted, including 8 letting rooms, open and trading. Trade inventory to be acquired by the incoming tenant as part of premium.

The Business
An experienced operator is sought to carry on the Ship’s popularity and rich social history in this premium holiday destination. The business is trading well but has scope to increase further, given the recently refurbished letting accommodation. Turnover information is available to genuinely interested parties.

Rates & Charges
The business rate for this property as of April 2023 to present is £17,300.

Council Tax – £1,357 p/a (Band A).