Summary - North Elmham, NR20 NR20 5JQ
4 bed 3 bath House
Profitable tea room, post office and three holiday lets with owner apartment and growth potential.
20% current yield with scope to increase income
A rare freehold mixed-use site in the heart of desirable North Elmham, combining a well‑regarded tea room and post office with three established holiday lets and a two‑bed owner’s apartment. The tea room seats 30+, holds a TripAdvisor Certificate of Excellence, and benefits from repeat local trade, while the holiday lets (one‑bed cottage, studio barn and additional unit) deliver steady short‑stay income.
The business currently produces a strong reported 20% yield with clear, realistic scope to increase turnover: extended opening hours, evening events, a food‑led offering (Sunday lunches, themed nights), and stay‑and‑dine packages could materially lift revenue. The property includes a private off‑road customer car park and a spacious commercial kitchen and WC suitable for higher footfall.
This is attractive for an investor or owner‑operator seeking live/work flexibility: a beautifully presented two‑bed apartment at the rear can be owner‑occupied or let. The site is freehold, has no flood risk, and sits in a popular village location ten minutes from Dereham and 30 minutes from Norwich and the coast.
Notable constraints: the wider area scores as deprived and broadband speeds are average, which may affect some bookings or remote‑working needs. Some nearby schools are rated “Requires improvement” while others are “Good.” The main residence to the rear (62a Holt Road) is excluded from the sale but may be available by separate negotiation. Detailed verified trading accounts and income breakdowns are available on request.
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