MapPub for sale
Features and description
Long established Public House, first opened in 1905
Strong trading history with a loyal customer base
Spacious bar and trading areas, ideal for community use
Fully equipped cellar and kitchen
Spacious 2 bedroom flat above, ideal for owner-occupier or rental income
Popular residential setting with strong local community
Well regarded pub with over a century of heritage
Square Meterage: Approx 193m2
The Lacon Arms presents a rare opportunity to acquire a long-established and much-loved public house in the heart of Great Yarmouth. First opened in 1905 to serve the newly built housing estate around it, the pub has been a focal point of the community ever since. Today, it continues to trade successfully and enjoys strong local support, making it a secure and appealing business prospect.
The property itself is well laid out for continued use as a thriving pub. Inside, there is a welcoming bar and spacious trading areas which provide a warm and inviting setting for regular customers, community events, and day-to-day trade. A well-equipped kitchen and cellar support the food and beverage service, ensuring the business is fully functional and ready for its next chapter.
Above the pub, there is further accommodation which adds to the flexibility of this property.
A two-bedroom flat sits on the upper floor, providing ideal living quarters for an owner operator wishing to run the pub on-site, or alternatively serving as a rental opportunity to generate additional income. This makes the Lacon Arms equally appealing to both lifestyle buyers and investors.
Located in a popular residential area, the pub benefits from a loyal customer base built up over many decades. Its strong reputation, combined with its historic roots in the local community, ensures a continued flow of business and provides an excellent foundation for future growth.
The Lacon Arms is an attractive proposition for those looking to take on a successful, established business with character and history, while also offering the added bonus of onsite accommodation or investment potential.
Please note we have not inspected this property.
Rooms
Location
Prime Location: Proximity to Great
Yarmouth Town centre, Beaches and
tourist attractions
Accommodation
Accommodation: A two-bedroom flat situated above the pub, perfect for live-in operators or as a rental income stream.
Accommodation
Pub Cellar & Kitchen: Fully equipped cellar and kitchen facilities, supporting food and beverage service
Tenure
Council tax
EPC
Available upon request ( Rating C, D, E )
EPC Rating: D
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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