Property

For Sale By Public Auction on 16 May 2024 starting at 08:30 AM - FREEHOLD PUBLIC HOUSE ON 0.75 ACRE SITE WITH ALTERNATIVE USE AND DEVELOPMENT POTENTIAL, SUBJECT TO OBTAINING THE NECESSARY PLANNING CONSENTS



The property comprises a vacant detached Grade II listed public house of approx. 5,961 sq. ft. on a site area of approx. 0.75 acre.
Externally there is car parking for 44 vehicles and a landscaped garden with outdoor seating area.
Internally there is a central bar, cellar, restaurant, lounge, commercial kitchen with scullery, external cold room, and WCs to the ground floor. To the first floor there is an open plan dining area with roof terrace, office, and flat providing 3 bedrooms, bathroom, storeroom, and reception room.
The property benefits from a large trade area seating 165 covers internally, and 45 covers externally. We understand turnover outside Covid periods was in excess of £500,000 p.a. (70% food / 30% wet sales). Please note no trading information is available.
The property could continue to be operated as a public house but also offers change of use and development potential, subject to obtaining the necessary planning consents.

Accommodation
Public House: 4,863 sq.ft. (451.78 sq.m.)
Basement: Cellar
Ground Floor: Bar, Restaurant, Lounge Areas, Commercial Kitchen, Ladies & Gents WC's, Scullery.
First Floor: Open Plan Dining Area, Office.
Managers Apartment 1,098 sq.ft. (102 sq.m.) Three Bedrooms, Bathroom, Store Room, Reception Room
Outside: Car Park for approximately 44 vehicles, Rooftop Terrace, Landscaped Grounds & Seating Area.

Location
The property is located approx. 5 miles southeast of Norwich on the A146 Loddon Road. The property is strategically situated on, and highly visible from, Loddon Road. Lodden Road is a busy arterial route between Norwich city centre and Lowestoft and is traversed by approx. 6,000 cars per day.
Popular Norfolk walking and coastal holiday destinations such as The Broads, Great Yarmouth, Cromer, Mundesley, Blakeney, and Overstrand are all within an hour's drive. Norwich International Airport is less than a 20 minute drive from the property and offers flights to and from 14 destinations in 8 countries including the UK, Spain, Greece, Majorca, Turkey, Finland and Amsterdam.

Energy Performance Rating
See legal pack.

Tenure
Freehold Vacant possession upon completion.

Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.