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Country Pub/Restaurant/Accommodation In Southrepps For Sale

Southrepps, Norfolk, UK
Asking Price:
£795,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Paul Hubbard Commercial is delighted to bring to market this charming country pub, set on a large plot in a picturesque village in Norfolk.

Located in Southrepps, just a short distance to the North Norfolk coastline, Vernon Arms has operated successfully as a pub for well over a century, warmly welcoming locals as well as catering to the influx of holiday makers the area attracts year after year.

Situated on a large plot, approximately 0.5 acres, the property was originally made up of 3 cottages, which over the years has been developed, extended and refurbished into the imposing building you see today.

After many successful years of running the business, the current owners are now looking to pursue other interests and are seeking a buyer to take on an already flourishing establishment who will continue to enjoy the success they have experienced over the past 20 years.

The pub has changed significantly over the years and now boasts 3 large dining rooms, which can cater for up to 90 covers, as well as a spacious beer garden (65+ covers), a games area with pool table and darts, a fully equipped commercial kitchen, ground-floor cellar and a large external storage area.

Above the pub is the private owner’s accommodation, which is currently used as space for staff, an office and additional storage, so the business would be ideal for someone looking to live on site and manage the day-to-day running of the pub.

In addition to this, planning permission has been granted for the development of two semi-detached holiday lets to the rear of the property, as well as conversion of the existing flat into a holiday let, which presents more opportunities to diversify the income for the business and make the most of the busy tourism industry which benefits the area.

The Business
SUMMARY:

• Purchased in 2009 by current owners, who have run the pub since 2005.
• 12 full-time staff members with 2-3 part-time staff, remaining consistent throughout the year.
• Managed on a day-to-day basis by the current owner.
• Potential to develop holiday-letting plans to increase turnover and diversify income.
• Ideal location for events such as beer festivals, summer BBQs, birthdays, etc.
• Suits a couple or partnership who would like to be hands-on with the business or a larger operator looking to bring in an experienced manager or management team.

REVENUE:
(Full accounts can be provided upon request.)

REVIEWS:

4.6/5.0 Google Rating (700+ reviews)
4.5/5.0 Trip Advisor Rating (730+ reviews)
4.5/5.0 Facebook Rating (1,100+ followers)

OPENING HOURS

Monday: Closed
Tuesday 12pm–11pm
Wednesday, 12pm–11pm
Thursday, 12pm–11pm
Friday, 12pm–11pm
Saturday, 12pm–11pm
Sunday 12pm–9pm

The Property
The whole site measures approximately 0.5 acres.

Total floorspace, including pub, flat and storage units, measures approximately 3884 sq ft (360.83sq m)

APPROXIMATE DIMENSIONS:

GROUND FLOOR TOTAL - 3028sq ft (281.37sqm)
Main Bar Area: 14.61 m x 5.32 m
Dining Room 1: 6.61 m x 3.32 m
Dining Room 2: 5.92 m x 4.05 m
Dining Room 3: 4.23 m x 4.05 m
Kitchen: 3.15 m x 8.36 m
Cellar: 3.31 m x 6.49 m
WC 1: 2.11 m x 1.56 m
WC 2: 2.11 m x 3.17 m
WC 3: 1.51 m x 2.84 m
External Store 1: 4.71 m x 3.56 m
External Store 2: 4.71 m x 3.56 m

FIRST FLOOR TOTAL: 855 855sq ft (79.49sq m)
Kitchen: 3.53 m x 4.22 m
Storage 1: 1.53 m x 0.85 m
Bathroom: 3.53 m x 1.67 m
Storage 2: 2.42 m x 3.33 m
Hallway 1: 2.42 m x 2.06 m
Hallway 2: 4.15 m x 2.06 m
Office: 4.15 m x 3.33 m
Lounge/Staff Area: 4.20 m x 5.40 m

The property was originally 3 cottages, which have been extended and refurbished over the years, bringing a charming blend of period features and modern fixtures and fittings throughout.

All planning applications and supporting documents can be found on the North Norfolk District Planning Portal.

Property Information

Property:

Freehold

Location:

Southrepps, North Norfolk.

Size in square feet:
3,884
Planning Consent:

Planning for 2 additional semi-detached holiday lets, and conversion of owners accommodation into holiday let.

Energy Performance Rating:
C

Other Information

Related Documents: