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For Sale£975,000.00

Restaurant and Hotel Block with Car Park (40 Spaces) - For Sale

Land, Hotels, Pubs/Bars/Clubs, Restaurant/Cafes, Hotel, Commercial Land, Licensed & Leisure
Property type: Land, Hotels, Pubs/Bars/Clubs, Restaurant/Cafes, Hotel, Commercial Land, Licensed & Leisure
Tenure: For Sale Freehold
Price: £975,000.00
Location: Restaurant and Hotel Block with Car Park (40 Spaces), Main Road, Great Yarmouth, NR29 5ER
Property Description
A Restaurant (36 covers) and a Motel comprising of 21 en-suite bedrooms within landscaped grounds and a car park with 40 spaces. The land area is large enough to accommodate more development.

Location
Rollesby is a small Norfolk village, eight miles to the north west of Great Yarmouth on the edge of Rollesby Broad, part of the famous Trinity Broads and linked to Ormesby and Filby Broads. Rollesby is surrounded by woodland and open fields. There are several viewing areas around the Rollesby Broad including a picnic site near Rollesby Bridge where you can watch the sailing boats and wonderful birdlife. It's an ideal spot for fishing and sailing. Discover The Norfolk Broad National Park This is the Venice of the East – in fact, the Norfolk Broads has more miles of waterway than the Italian city! It also has more waterways than Amsterdam! The Broads National Park offers visitors an experience unlike any other, both on its rivers and lakes, and alongside them, on peaceful paths and cycle ways. Without a doubt, the best way to discover the Broads is by boat. So much of the Broads can't be reached by road that days - and nights - afloat become a real adventure, with hidden places, perfect fishing spots and close encounters with wildlife at every turn.

Directions
Located on the A149 Cromer Road from Great Yarmouth. Road, Rail and Air Connections The location has good road links to the south and London (2.5 hours) via the A12 and A11. The midlands and the north are via the A47 trunk road. Main line rail is connected in Great Yarmouth via Norwich intercity to London (2 hour 40 mins) or the Cambridge lines cross country and north. Norwich has an airport hub connected to London and internationally from Stansted.

Business Opportunities
Weddings, functions, restaurant and accommodation. The current tenants only open 9 months per year.

Trade / Restaurant
Patio Area
Lounge / Bar Area
Restaurant with seating
area and tables for 36 covers
Ladies & Gents Toilets.
Fully equipped Trade Kitchen
Freezer Store

Hotel Block:
Reception
Hallway, stairs to first floor.
11 Ground Floor Ensuite Bedrooms
10 First Floor Ensuite Bedrooms.

PrivateAccommodation:
On the First floor and
comprising:
Bedroom 1
Bedroom 2
Lounge
Bathroom having jacuzzi
bath with shower over,
WC, Wash basin.

Note: this area requires refurbishment.

Outside
Tarmac car park with 40 spaces, bin compound,
small "orchard area", rough side garden and patio.

The Current Business
The restaurant operates all year round, evenings and weekends with good local restaurant trade, weddings, parties and funeral wakes.
The bedrooms are busy weekends and during the summer. There is a mix of double twins and family rooms. The current tenant has indicated they wish to retire. The current rent passing is £39,120.

Possession
The property will be sold on the basis of vacant possession.

Business Rates
Rateable Value for 2017 is unpublished however shows a value of £10,500. The amount payable in the £ for 2017/18 is 0.466p for rateable values under £51,000.

Services
Mains water, electricity and drainage are connected. Gas fired radiator central heating throughout from onsite calor gas.

Tenure
Freehold

VAT
All rents and prices are quoted net of VAT. In the event of buildings being classed as “Taxable Buildings”, or owners deciding to opt for buildings to be classed as such, all prices or rents quoted will be subject to the addition of VAT at the standard rate.

Legal Costs
Both parties will be responsible for their own legal costs.
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