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HIGHLY DESIRABLE AND VERY POPULAR TRADITIONAL ‘FREE OF TIE’ INN LOCATED IN THE SOUGHT AFTER AND AFFLUENT VILLAGE OF WALSHAM LE WILLOWS, NEAR BURY ST EDMUNDS IN RURAL SUFFOLK

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  • Charming village inn situated in an excellent and sought-after location.
  • Welcoming and characterful Bar with inglenook fireplace (circa 20).
  • Cosy Lounge Area with open fire.
  • Restaurant/Function Room (circa 40).
  • Separate Bar Area with meet and greet reception.
  • Tap Room for up to 20 real ales.
  • Fully equipped Commercial Kitchen.
  • Spacious 4 bedroom Owner’s Accommodation.
  • Large enclosed family/festival Beer Garden.
  • Patron’s Car Park for 15 cars.
  • Advised turnover circa £307,167 (incl. Vat) for year ending July 2019.
  • Trade split 50% wet, 50% food.
  • Free of tie renewable lease - 12 years remaining.
RARE OPPORTUNITY TO ACQUIRE THIS WELL ESTABLISHED AND THRIVING BUSINESS WITH COMFORTABLE LIVING ACCOMMODATION AND MASSIVE GROWTH POTENTIAL IN AN EXCELLENT LOCATION


ASKING PRICE £65,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This well presented and eye-catching traditional inn can be found just off the A143 between Diss and Bury St. Edmunds in the beautiful and sought- after affluent village of Walsham Le Willows in rural Suffolk. Walsham Le Willows is a larger than average Suffolk village offering local amenities such as schools, post office, farm shop, award winning butchers and also has a long- established football club. The bustling and vibrant historic town of Bury St. Edmunds, with its many shops, cafes, leisure facilities (including cinema) and places of interest is only 13 miles away and the busy and highly popular market towns of Diss and Thetford are also in close proximity.

THE PROPERTY

Is an impressive and well-appointed two storey building of brick construction under a pitched tile roof and is in good condition and well maintained throughout.

The Bar (circa 20) has a welcoming traditional atmosphere with exposed beams and brickwork, feature inglenook fireplace with wood burner, fully equipped wooden bar servery with bottle and wine fridges and designated dining area, fully carpeted throughout and furnished with matching tables and chairs.

Lounge Area separate from the bar with brick fireplace and open fire, wood finished flooring and is stylishly furnished with leather chesterfield type sofas, matching chairs and oak coffee tables.

Restaurant/Function Room (circa 40) has exposed brick work, fully carpeted and furnished with matching tables and chairs. There is a separate bar area incorporating a meet and greet reception with tile flooring, wooden bar servery and upright piano and access to the beer garden.

Tap Room is separate from the bar and restaurant and accessed through the beer garden, has capacity for 20 real ales and is currently only used during the Summer months.

Catering Facilities There is a fully equipped commercial kitchen with stainless steel surfaces, extractor system, cooker, fryers etc. (equipment not tested), separate washing up area and fridge/freezer storage.

Cellar which is located on the ground floor all in good order and well maintained.

Ladies & Gents W/C all in good order, gents refurbished 2019.

OWNERS ACCOMMODATION

(Not seen) is spacious and comprises of four double bedrooms, lounge/dining room, domestic kitchen, bathroom and two attic rooms.

Ladies & Gents W/C all in good order, gents refurbished 2019.

EXTERNAL

There is an excellent and extensive enclosed beer/festival garden mainly laid to grass and incorporating a paved patio area, covered smoking shelter and children’s play area with play equipment. (It should be noted that the bouncy castle is not included in the sale).

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun- Thurs 11am to midnight

Fri-Sat 11am to 01.00am

Current opening hours are:

Monday CLOSED

Tue - Thurs 12noon to 11pm

Fri-Sat 12noon to 01.00am

Sunday 12noon to 07.00pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 12 years remaining of the Elizabeth Holdings full repairing and insuring renewable agreement. We are advised that the inn is free of tie.

We are informed that the rent is currently £28,500 per annum to be reviewed July 2020 when the lease is extended.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954.

We are advised that the inn benefits from all mains services with LPG gas cooking and for heating (services not seen or tested). Business rates payable are advised as currently being circa £1,770 per annum.

THE BUSINESS

Our vendor clients took over this award-winning inn July 2016 and in which time they have built up a well-established and thriving trade with a regular and loyal wet trade and a good reputation for quality food from the local community and surrounding area regularly scoring high reviews on trip advisor for good food and hospitality. The restaurant/function room has become a popular venue for private functions such as weddings and parties etc. This inn has truly excellent outdoor facilities and holds regular outdoor events such as festivals and family days and with the added advantage of the tap room this establishment is a must for real ale lovers. There is also an entertainment programme including live music which is always well supported.

The business is currently being run by the owner full time, one front of house full time and six part time staff. Due to domestic reasons our vendor client has decided to sell the business.

We are advised that accounts declare takings of circa £307,167 (inc. VAT) for year ending July 2019.

There is massive potential for new owners to build on this already highly successful business by utilising the outdoor facilities more, by holding festivals and family days etc. and to promote the excellent function facilities for wedding receptions and private hire.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720..

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

Details prepared February 2020

ADDITIONAL IMAGES

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