Commercial Property in NR11 available for sale
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Commercial Property for Sale near the NR11, Norwich

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More details for 2 Church St, Southrepps - Retail for Sale

Vernon Arms - 2 Church St

Southrepps, NR11 8NP

  • Retail for Sale
  • £795,000
  • 3,884 sq ft

Southrepps Retail for Sale

The Vernon Arms is located in the village of Southrepps approximately 5.2 miles east of the popular coastal town of Cromer and 22 miles north of Norwich. Situated in the North Norfolk countryside, the village is well connected to coast, rural and Norfolk Broads amenities as well as numerous surrounding villages. Trimingham Beach is located approximately 4 miles north east. Upper and Lower Southrepps has an approximate population of 815 (2011 census). FREEHOLD NORTH NORFOLK COUNTRYSIDE VILLAGE PUBLIC HOUSE NEAR CROMER - £795,000 The property comprises three former cottages creating a detached two storey building of brick construction with exposed brick and flint elevations beneath a multi-pitched tiled roof. There are several single storey extensions to the side and rear. External areas include gravel car parks to the front and rear and a beer garden. The property is within a plot of approximately 0.39 of an acre. Character village freehold public house located 5 miles from coastal town of Cromer on North Norfolk countryside Includes two bed private accommodation and planning permission for two holiday lets Ground floor customer areas (90 seats) and external seating (65+) site area 0.391 acre and property GIA c. 3,884 sqft Good level of turnover and trading since 2005 Freehold guide £795,000 (business included) Ground Floor The pub benefits from a traditional bar servery and three connected customer areas which can seat up to 90 covers. Ancillary space includes commercial kitchen, ample storage, a ground floor beer cellar and customer WCs. Upper Floor Accommodation on the first floor is currently used for ancillary purposes but consists of a large lounge area, two bedrooms, bathroom, and kitchen area. There are two gravel car park areas located to the front and rear of the plot with space for approximately 28 cars. Situated to the rear is a beer garden with seating potential for in excess of 64. The Vernon Arms was acquired by our clients in 2009 and has built a solid reputation as an independent free house with Tripadvisor rating of 4.6/5.0 (768 reviews). The Profit & Loss accounts for the year ending June 2024 show a good net annual turnover and profit before tax. Further information is available to seriously interested parties. The property is Grade II listed and situated within the Southrepps (Upper) Conservation Area. C - 57. We understand that mains electricity is connected. A heating oil boiler runs the hot water and heating for the building and the trade kitchen oven range runs on LPG. The building is connected to mains sewerage.

Contact:

Savills

Date on Market:

22/07/2025
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FAQs about Commercial Properties For Sale in NR11

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How many Commercial Property listings are available for sale in NR11?
There are currently 1 Commercial Properties available for sale near NR11. These NR11 Commercial Property listings have an average size of. The largest available listing in NR11 is. The thriving commercial centre and excellent transport links in NR11 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in NR11?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in NR11 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in NR11?
There is a diverse range of commercial properties available in NR11 to suit various business needs. NR11 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 NR11 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

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