For Sale By Auction | 11:00 am, 07 April 2016

The Bird in Hand, Church Road, Wreningham, NR16 1BJ

*Guide | £1,000,000 + (plus fees)

  • Hospitality
  • 10 Bedrooms
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Thu 07/04/2016

Auction Time

11:00 am

Auction Venue

The Sunningdale Suite, Dunston Hall Hotel, Ipswich Road, Norwich, NR14 8PQ

Thriving gastro pub and hotel with function rooms

THRIVING DESTINATION PUB AND RESTAURANT WITH FUNCTION ROOMS AND SEPARATE DETACHED SINGLE STOREY BULDING WITH EIGHT EN-SUITE BOUTIQUE LETTING ROOMS The Bird in Hand trades as a food led bar and restaurant together with trade from private functions and events throughout the year. The food is highly rated with considerable return trade and there has been a growth in sales over the past few years and considerable investment in the improvement and expansion of the premises. There is currently seating inside for approximately 140 covers with two external seating areas to add additional summer trade. The kitchens have recently been totally refurbished and fitted to a high quality specification. Further planning exists to extend the property and there is a substantial customer car park and garden area.

Tenure

Freehold

A two bedroom manager's flat is situated above the main bar and this could be converted to provide additional letting bedrooms if required. Our clients are now intending to retire from the business leaving it in a very sound position with potential further growth and expansion possible. This opportunity should appeal to more experienced operators and corporate multiple retailers. Further information can be found at www.birdinhandwrenningham.com.

Location

The Bird in Hand is located in the heart of Norfolk, only a mile from Lotus Cars and seven miles south of Norwich. Other major centres in the area include Wymondham, Attleborough and Long Stratton.

The Opportunity

This business has been operated by the same family for some time and has established a highly respected trade and reputation within the area. Significant improvements to the fabric of the building including the addition of the eight new letting rooms, has built on the established trade and once promoted, these would provide an additional and significant added income to the already thriving trade.

Planning

Planning permission already exists for the extension of the existing function room for a further 30 covers creating a café seating 20 and the addition of a shop and post office. Further details can be obtained from the Agents or from the public access website of South Norfolk District Council, www.southnorfolk.gov.uk/planning.

Trading Hours

Monday - Sunday 12noon - 23:00hrs

Business Rates

Rateable value: £36,000 set in 2010

Viewing

Please contact Bryan Baxter - 01603 505100

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

South Norfolk Council. Tel: 01508 533633

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.