Summary - Norfolk Investment Property , Norfolk, NR9 3DL NR9 3DL
1 bed 1 bath Pub
Income-producing freehold pub with c.10 years left on FRI lease.
Established destination food-led pub with strong local reputation
A long-established, destination food-led pub/restaurant in an affluent Norfolk small-town setting, offered as a freehold subject to an existing FRI lease. The business produces a contracted rental income of £83,000 per annum, with rent reviews every five years and approximately ten years unexpired on the current lease. The substantial detached building is described as being in immaculate condition and presents a low-maintenance asset for a purchaser looking for an income-producing leisure property.
This is primarily an investment-grade opportunity: the vendor is inviting offers for the freehold on an OIRO basis that equates to around an 8.5% gross yield. The combination of a strong local reputation, destination food-led trading and benefitting from very low local crime and an affluent catchment supports continued tenant demand and rental security while the lease runs.
Important purchaser considerations are the lease term and financeability. With only c.10 years remaining on the FRI lease, many commercial mortgage lenders may be reluctant to lend against the freehold; prospective buyers should confirm finance availability before committing. Broadband speeds in the area are reported as slow, which could affect any digital-led operations but does not impact the current rental income.
For an investor seeking an established leisure asset with immediate contracted income and strong local trading credentials, this freehold offers a straightforward, let investment — provided the purchaser is comfortable with the lease length and any associated financing constraints.
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