The Angel

Description

The Angel is a brick built, two-storey detached building under a pitched and tiled roof. The property is Grade II Listed, with some parts dating back to 1610. The pub closed in November 2024 but the previous business attracted locals who enjoyed a selection of cask ales and traditional home cooked meals.

Localisation

The Angel public house is located in the rural village of Swanton Morley in the heart of Norfolk. Swanton Morley is located 3 miles north east of the market town of Dereham and approximately 13 miles from Fakenham. The county city of Norwich is 16 miles to the east, a 40/45 minute drive via the A47. Steeped in history, The Angel public house, originally home of Richard Lincoln, grandfather of Samuel Lincoln, American immigrant and ancestor of Abraham Lincoln.

Parties communes

* Beamed main bar * Single bar servery with access to compact trade kitchen and storage * Open fireplace * Some fixed seating and can accommodate approximately 40 covers * Dining/function room for additional 20 seated covers * Games room with additional bar, space for pool table or additional tables.

Mobilier et équipement

There are no fixtures and fittings included in the sale.

Les extérieurs

* Large forecourt suitable for outside trade * Customer parking for 10 cars * Bowling green included * Private yard and garden to rear of property.

Logement de fonction

Accessed from the kitchen on ground floor, the accommodation provides three-bedrooms, lounge and bathroom.

Le bien

An opportunity has arisen for an experienced operator to take on a new 20 year, free of tie lease. The opportunity would ideally suit a community focussed owner-operator with a good understanding of the local area. There is potential to increase revenue by modernising the interior, establishing weekly events/entertainment, increasing the food offering and advertising the function room.

Performances de l'actif

No accounting information is available.

Heures d'ouverture

The pub previously traded seven days per week: Monday to Saturday: 11:00am - 11:00pm Sunday: 11:00am - 7:00pm

Typologie

The property is offered on a free of tie, fully repairing and insuring lease for a term of 20 years. The annual rent will be £27,500 plus VAT per annum and will be reviewed five yearly. Rent will be subject to annual RPI increases, collared at 2.5% and capped at 5%. Applicants must have sufficient capital available to cover three months rent and buildings insurance, deposit equivalent to six months rent plus VAT, £1,750 (plus VAT) legal fees contribution and working capital. Proof of funding and a business plan will be required.

Tarifs

The current rateable value as at 1 April 2023 is £2,500.