Pub/bar for sale in The Diplomat, Ormesby Road, Badersfield, Scottow, Norfolk NR10

For sale by auction on Wednesday, 01 May 2024 at 11:00

Venue: Livestream Auction

A vacant public house in excellent condition ready for new owner/landlord or investor

The current tenancy has just ended and although vacant the property now is ready for immediate occupancy by new owner occupiers. The Freehold property would also make a highly productive investment having previously been let for £18,000 per annum. There are two bar areas, a large function room, fully equipped kitchen, cellarage and a spacious managers flat. There are formal and private gardens and an area of additional parking which can be leased or purchased with the property if required.

The surrounding area is mainly residential being situated on the former RAF Coltishall air base which has now mostly been sold into private ownership. This is an exciting and potentially highly productive business opportunity and viewing is highly recommended.

Accommodation
Reception areas, main bar and lounge, second bar and divisible function room, professional kitchen, male and female customer toilets, cellar. Managers flat with large living room/kitchen, double bedroom, bathroom.

Outside
Formal garden areas to front, enclosed pub gardens with bbq area. Enclosed garden area for manager. To the side of the property is an additional area of land which may be purchased for an additional £30,000 which could offer further parking or future redevelopment opportunities.

Business Rates
Rateable value from 1 April 2023 to present: £3,750

Viewings
Viewings can be arranged and the next date is Wednesday 24April. Please call the Norwich office to book.

EPC Rating: C

Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.