Swan Inn, Harleston Road, Fressingfield, Eye, IP21 5PE | Property for sale | Savills
0.09 Ac(0.04 Ha)
Offers in the region of £375,000

Swan InnHarleston Road, Fressingfield, Eye, IP21 5PE

  • Freehold

Key features

  • Freehold public house investment
  • Picturesque village setting
  • The site extends to 0.22 acres
  • Car parking for approximately 15 vehicles
  • Extensive staff accommodation at first floor
  • Attractive exposed timber beam interior
  • Guide Price: Offers in the region of £375,000
  • Business unaffected by sale

Attractive public house with large car park and beer garden available for sale or to let.

About this property

  • Description
    The property comprises a two storey detached building with painted and rendered brick elevations under a multi-pitched tile roof. To the rear is a single storey extension currently used as additional dining space. Externally, there is a car park to the right elevation providing parking for approximately 15 vehicles. There is a beer garden to the front elevation with seating on wooden benches for approximately 36 covers.

    Accommodation
    Internally, the trade area is situated at ground floor level with a central bar servery and two separate trading areas. To the front of the ground floor is the bar area with seating on loose tables and chairs for approximately 38 covers. To the rear of the ground floor is a separate restaurant area with further seating for an additional 38 covers. Ancillary areas include the trade kitchen, beer cellar and 2 sets of customer toilets.

    The first floor is accessed from an internal staircase and comprises manager’s accommodation including three double bedrooms, bathroom, separate W.C. and living room.

    The site extends to approximately 0.09 hectares (0.22 acres).

    Tenancy
    The entire property is let to a private individual on a 25 year term from 13 December 2006 at a current rent of £38,000 per annum which is subject to five yearly open market rent reviews. The December 2021 review is outstanding.

    Terms
    We are instructed to invite offers in the region of £375,000.

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

    Rateable Value
    • 2023 - £4,400.

    Planning
    The building is not listed, however it is situated in the Fressingfield Conservation Area.

    Tenure
    Freehold. The property is currently held under title number SK166228.

    Licensing
    The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises is permitted to sell alcohol under the following hours:

    • Monday to Sunday 10:00 – 02:00

    Energy Performance Rating
    C-59.

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

Local information

  • The property is located in the village of Fressingfield 25.5 miles (41 kilometres) south of Norwich, 26.7 miles (43 kilometres) north of Ipswich and 33.5 miles (54 kilometres) east of Bury St Edmunds.
  • The property is situated on Harleston Road in an attractive and predominantly residential village. Local facilities include Fressingfield General Stores,
  • Fressingfield Sports & Social Club, the Fox & Goose pub, Fressingfield Church of England Primary School and Fressingfield Baptist Chapel. The A140 is a short distance from the property and provides access to Norwich which offers a broad range of amenities including Tesco, Sainsbury’s and Waitrose superstores as well as many restaurants and bars.

Energy performance

C (59)