New Beautifully Decorated Norfolk Freehold

Key Points
– Beautiful and Tranquil Riverside Location
– Popular food led destination business
– 2 Miles from A10 to Cambridge, Ely & Kings Lynn
– 100 + Internal covers across several trading areas
– 80 external covers with views across the river
– 2 en-suite letting rooms
– Caravan Park with 6 x hook ups
– 2 bed restored private accommodation
– Good size site area of 1.2 acres
– Potential to add further letting accommodation STPP

Property
Purchased by our client in 2018, The Heron underwent a complete restoration and refurbishment, making it fit for the modern era. Great attention has gone into the detailing, from the Heron wallpaper to the usage of natural materials to include flagstone flooring, an oak bar, and wooden beams in the light and airy new restaurant space. The trade areas consist of a main bar (26), with snug area (12). Main restaurant and function room with bar servery (65) with side conservatory and access to garden and decking area. Ladies and Gents facilities. Extensive trade kitchen with separate prep area and wash up space. Fully equipped ground floor cellar.

First floor consists of 2 double en-suite letting rooms. Also self contained 2 double bedroom private accommodation with kitchen, bathroom and access to roof garden.

External areas comprise of paved refuse and storage area, with purpose built dry store. The current owners have extended the external seating areas to now include a decked area overlooking the Great River Ouse with a well maintained grassed area (80). Pontoon (area owned by Environmental Agency) with 12 mooring points. There is an extensive field (c0.8 acres) adjacent to the property currently used by those visiting in caravans with 6 hook up points. This area could be considered for further letting accommodation subject to suitable planning. Large car park for c30 cars.

Measurements
Total building footprint is 3,902ft² (363m²).

The total site area is 1.174 Acres (measurements are taken from digital mapping and are approximate).

Planning
We are advised that the property is not listed, nor does it sit within a conservation area. The property is administered by Kings Lynn & West Norfolk District Council

The pontoon is situated on land owned by the local Environment Agency, Kingfisher House, Goldhay Way, Orton Goldhay, Peterborough PE2 5ZR

There is an overage clause in place for the field adjacent to the pub for a 20 year period from 2018 entitling the previous owner to 25% on any uplift for any domestic dwellings built on the site.

Tenure
Freehold offers are sought in excess of £600,000 (excluding VAT), inclusive of comprehensive trade inventory, IP & goodwill. The property is open and trading and sale will be a transfer of a going concern (TOGC), TUPE will apply to all contracted staff.

The Business
Purchased in 2018 our clients have established a popular food led destination business. Current trade of 70/30 food led split. There is a full compliment of front of house and kitchen staff. During the height of Summer the business can take anywhere up to £21,000 per week and there is still plenty of scope for development. Current turnover approx £700,000 net, per annum.

Rates & Charges
Rateable Value as of 1st April 2023 £25,000.