25 High Street, Dereham, Norfolk, NR19 1DZ
The Bull is a charming high street pub in the market town of Dereham, Norfolk. Occupying a prominent position upon a one way system in the town centre, its excellent location facilitates a large amount of passing trade throughout the day and evenings from locals and visitors. The rare opportunity now exists for a new operator to build on the already successful trade this site enjoys.
Transferring from our retail estate, the Bull is in a great condition after undergoing extensive refurbishment a few years ago including featured wallpaper and area zoning to create a snug community feel. The pub now offers 3 segregated trade areas including an L shaped bar, outside pool table and courtyard beer garden. Plans are in motion to invest and improve on the courtyard areas in order to generate further business. The car park holds circa 10 cars and is a valuable asset in this town centre venue.
The trade areas are open plan, but have strategic curves and walls to formulate cosy snug areas. There is a large L shaped bar which takes centre stage and an outdoor courtyard garden.
|Car park spaces||10|
Large 3 bedroom private owners accommodation.
|Annual rent||£35,000 per annum plus 7.0% Turnover Royalty|
£35,000 per annum, £673.08 per week paid weekly by direct debit. All terms negotiated on agreement.
Entry costs approximately £17,650.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note F&F is currently still to be valued, assisted purchasing may be available*
|Fixtures & fittings||£0||Working capital||£7,000|
|Other costs||£3,000||Total entry cost||£17,650|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||Please note, value for wines & spirits includes minerals. Breakdown TBC.|
Dereham, also known as East Dereham, is a town and civil parish in the English county of Norfolk. Dereham is a short 40 minute drive to the North Norfolk coastal areas and 20 minutes to the nearest city of Norwich. Dereham is at the heart of Norfolk and should be distinguished from the small village of West Dereham which is 25 miles away with a small population of 500.
An important annual event is the Dereham Carnival, involving parades, arena displays, food and drink and lots of community spirit. Dereham also has a Hollywood Cinema located in the Market Place, originally a grain market and converted to a cinema in 1924. Another historic site in the village is St Nicholas Church and bell tower which dates back to the 12th century.