Sculthorpe Mill

Lynn Road, Sculthorpe, Fakenham, Norfolk, NR21 9QG

Gallery

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Pub overview

Sculthorpe Mill Is a charming destination business. Popular with tourist and travellers to the North Norfolk coastline. Extensive outside gardens, good sized letting rooms and various trading options. Rarely available, the Mill is now ready for a new operator further develop this fantastic business.

The Mill is a charming period property surrounded by flowing streams with large landscaped gardens and open fields. Rarely available, this business would suit an experienced operator that has knowledge of the seasonal trade and Tourism markets.

The trading areas are mainly made of a good sized restaurant area on the first floor and a further 3 dining areas on the ground floor. There is a good sized bar and reception desk area.

Trade space
Bars 1
Car park spaces 40
Dining rooms 4
Food covers 65
Function rooms 1
Gardens 3
Trade kitchens 1
Rooms to let 6
Patio areas 2

Private owners accommodation is situated on the first floor

Private space
Private Rooms 5
Lounge 1
Double bedrooms 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £50,000 per annum
Weekly rent £961.54 per week fixed
Notes

£50,000 per annum, £961.54.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £20,350.00 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). Fixtures and Fittings value to be confirmed,. Other costs include training course requirements.

Brokers £675 Legal £825
Deposit £12,500 Stocktaking fees £150
Fixtures & fittings £0 Working capital £5,000
Other costs £1,200 Total entry cost £20,350

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 84 35 4,698
2015/16 72 26 4,158
2014/15 74 21 4,628
Volume notes

Location

Situated down a small country lane just off the A148 near Fakenham in North west Norfolk. Sculthorpe mill is ideally located for guest looking to stay within the coastal area but away from the hussle and bussle of the main coastal road. 10 miles away are the charming and affluent coastal villages of Wells next the Sea and Burnham Market which enjoy all year round trade. the A148 is the main arterial route from Cromer to Kings Lynn.

Facilities

Trade bar
Car park
Dining area
Function room
Pub garden
Trade kitchen
Letting rooms
Trade patio

Current premises licence opening hours

Sunday to Thursday- 10:00hrs-00:30hrs Friday & Saturday- 10:00hrs-02:00hrs

Contact Us

Lee Jarvis

Business Development Manager

Call us today 01284 714 497

Apply online
“ Sculthorpe Mill is a former working water mill, located a short distance from the market town of Fakenham and 10 miles inland from the ever popular North Norfolk coast. The pub enjoys a large well maintained garden and car park with picturesque views over the flowing streams that wrap around the site. Internally there are 2 trading floors with the main restaurant seating on the first floor and the remainder of seating and bar on the ground floor. This pub would suit an experienced operator who has knowledge of the seasonal trading patterns that would be associated with a destinational tourist business. The venue currently holds a wedding ceremony licence which maybe available to be purchased from the out going lease holder. Various agreement and tie options maybe available by negotiation ”