Located in the village of West Newton, Norfolk, the Edwardian style property, originally built between 1880 and 1900 as social club, was operational until around 2020 before closing due to the effects of the pandemic and decline in membership.
The Rightmove listing sated: “The premises are vacant and now offer an ideal and unique opportunity for investment and upgrading for a new occupier and business as a public house with associated restaurant.
Panoramic views
“Capital investment is required and the proposal is set out to allow a new ingoing tenant the incentive to create a new business.”
The property, situated in the Norfolk Coast Area of Outstanding Natural Beauty with a total estimated square footage of 4350, boasts panoramic views of adjacent farmland, an adjoining bowls club, snooker and games room, designated carpark, meeting hall, ancillary rooms, bar area, cellar, and conservatory as well as garden areas.
Listed through lettings agents Landles, the mains terms offered at the time of publication included a lease term of 20 years with stepped rent over the initial ten years and market rent at the end of the tenth year alongside rent reviews after the initial stepped rent period at five-yearly intervals.
Prospective licensees are required to submit a pre-application form prior to viewing the property with applicants judged on individual merit and references.
New operation
Furthermore, the advert noted the ingoing tenant was responsible for the landlords’ legal costs in connection with the transaction and any proposed works would be subject to landlords’ prior approval in writing.
The listed added: “The Client’s will require a plan to be put forward at an early stage of discussions as to how an operating tenant would engage and consult with the local community in respect of a new operation at the premises.”
Additional information is available from Landles with prices available on application.
