The Stag Public House and Restaurant, 3 Lower Street, Salhouse, Norwich, Norfolk NR13 6RW

SOLD AFTER AUCTION

A highly successful, established and profitable business premises currently trading and achieving a turnover in excess of £750,000 pa

Having recently been refurbished to an exacting specification this public house/restaurant premises is fully operational and ideal for an immediate take over by an experienced operator who could build on the already highly successful business.

The premises includes a public bar and restaurant areas capable of around 65 covers. There is a fully equipped professional kitchen with preparation areas an open plan pizza oven and servery area and terrace area offering additional casual dining space. Whilst on the first floor there are four double letting rooms all with luxury en suite shower rooms finished to a high standard. These rooms provide significant added income or could be adapted to provide owner living accommodation.

Potential may also exist in the future for extension to the current premises or a full conversion to residential use, subject to planning approval. The property also boasts approaching half an acre of gardens including a large trade garden at the rear and ample customer parking at the front. The sale is solely due to retirement and the passing trade is exceptional with turnover already exceeding £750,000 per annum. More detailed figures are available upon request.

Located in a prominent position in the popular Broadland village of Salhouse, near to Salhouse Broad and just 20 minutes (6.5 miles) from Norwich City centre via the A127 and only 2 miles from Wroxham.

Accommodation Main entrance, bar area, restaurant areas, seating for 60-70 covers, Access to customer toilets including accessible facilities, open plan pizza oven and servery, private dining area, covered terrace dining and BBQ area, cellar. Fully fitted commercial kitchen with prep area and external storage in outbuildings.
Side hall with stairs to 4 first floor bedrooms all with ensuite shower rooms.
Outside Public carpark, rear garden mainly lawned with covered terrace dining area
Business Rates The rateable value as of April 2023 is £5,650
Note Fixtures and fittings plus stock available by separate negotiation

Tenure: Freehold

EPC Rating: C

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.