£275,000

Pub/bar for sale

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Guide price

£275,000

(£96.76/sq. ft)

Pub/bar for sale

High Street, Northwold, Thetford IP26

2,842 sq. ft

Local area information

Property location

Nearby amenities

  • The Norman Church of England Primary School, Northwold 0.1 miles
  • Sheridan House School (SEN) 0.9 miles
  • Brandon 6.4 miles
  • Lakenheath 6.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Public house with restaurant
  • Three bedroom owners accommodation
  • Potential planning for detached bungalow (STPP)
  • Located within a conservation area
  • Current owners renovated the building
  • Toilets are located on the ground floor
Summary

*For sale via secure sale online bidding: Terms and conditions apply.*

The Crown Inn is a public house with residential accommodation above. The current owners took the Crown Inn over in July 2019 but have ceased trading in the last few years. During their ownership, they have extensively renovated the building and put in over 50,000 worth of investment in the venue. The Crown Inn occupies a detached two-storey house of brick and stone construction. The building is not listed but is located within a conservation area.

The property previously had planning for the construction of three ancillary accommodation units at the rear, which could allow the new owner to generate a further income stream. This planning application has now lapsed and would need to be resubmitted to the local council planning department if wanted.

Please note we have not inspected this property.

Location

The Crown Inn is situated in the Norfolk village of Northwold, a village with a population of just over 1,100 residents, lying approximately 11 miles from Downham Market, 18 miles from King's Lynn and 13 miles from Thetford. Nearby attractions include Thetford Forest, Center Parcs Elveden Forest and Oxburgh Hall. The closest train stations are that of Downham Market, Brandon and Thetford.

Accommodation

Trade Areas:

To the front of the building is a patio area which allows outdoor seating for approximately 18 people. The main bar area has seating space for approximately 22 people with tiled flooring and a fireplace with feature brick surround and multi-fuel burner. The commercial kitchen is accessed from the main bar area. The restaurant area allows seating for approximately 24 people with a further dining area allowing seating for approximately 18. Toilets are located on the ground floor. Outside there is a garden area allowing trade seating and a car park allowing space for approximately 20 vehicles.

Owners Accommodation:

The first floor houses the owners accommodation which comprises of three bedrooms, living room, kitchen and bathroom.

Services

Various items within the property will be included in the sale. An inventory of fixtures/fittings can be provided upon request.

Mains water and electricity, oil central heating, kitchen cooking facilities supplied via lpg, septic tank drainage.

The current Vendors have advised that the business is currently exempt from business rates. They have also advised that the flat is charged at Band B level council tax with King's Lynn & West Norfolk Council.

Tenure

Freehold. Title number NK101925.

EPC

Available upon request (rating E).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

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 of 6,000 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.

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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  1. Zoopla
  2. Commercial for sale
  3. Norfolk
  4. Thetford
  5. Northwold
  6. High Street