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Agent's details

Red Lion, 87 Market Place, PE37

For sale: £435,000.00|0.14 Acre|Other, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure

Property details

FOR SALE£435,000.00
SIZE0.14 Acre
ADDRESSRed Lion, 87 Market Place, Swaffham, PE37 7AQ
TYPEOther, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON11th April 2024


Key Points

  • Freehold public house investment
  • Entire property let to an individual operator
  • Property arranged over ground, basement and first floors
  • Current rent of £34,500 per annum
  • Lease expires March 2030
  • The rent is subject to five yearly open market rent reviews
  • We are instructed to invite offers in excess of £435,000 (7.60% NIY)
  • Business unaffected by sale
  • Summary

    Freehold public house investment


    The property comprises a two storey end of terrace building with painted and rendered elevations beneath a multi pitched tile roof. There is a single storey outbuilding to the rear.

    Ground Floor:
    The ground floor provides an open plan bar area to the front and separate restaurant area to the rear with a central bar servery and seating on loose tables and chairs for 36 customers. Ancillary areas include a trade kitchen and customer WC's.

    Cellar and stores

    First Floor:
    The first floor provides manager's accommodation comprising three bedrooms, living room, kitchen, bathroom and separate WC.


    Swaffham is an attractive market town in the county of Norfolk, 31 miles (50 kilometres) west of Norwich, 30 miles (48 kilometres) north of Bury St Edmunds and 48 miles (77 kilometres) north east of Cambridge.

    The Red Lion is situated in the town centre fronting Market Place. Surrounding occupiers are generally independent retailers and licensed operators


    The property is held freehold (Title Number NK133402)


    The entire property is let to a private individual on a 20 year lease from 7th March 2010 at a current rent of £34,500 per annum which is subject to five yearly open market reviews


    The property is Grade II Listed and is situated within the Swaffham Conservation Area.


    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.


    An EPC is in the course of preparation


    We are instructed to invite offers in excess of £465,000 (7.1% NIY) assuming the usual purchasers costs.

    Fixtures and Fittings

    The fixtures and fittings are currently owned by the occupational tenant.

    Money Laundering

    Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewings and Contacts

    All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

    For further information and all viewing requests please contact the sole selling agents Savills.


    Location: Red Lion, 87 Market Place, Swaffham, PE37 7AQ
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