Guide price
£450,000
Pub/bar for saleHigh Street, Lowestoft NR32
EPC Rating: D
Just added
About this property
Historic Public House: Trading since the mid 1800's
Large bar and dining areas: With original charm
Commercial Kitchen Space
Popular town centre setting: With strong local community
Character: Beautiful stained glass windows and traditional wooden bar
Ideal for a food-led or traditional pub operation
Thriving Business: Previously run as a successful bar and restaurant
HMO: Fully let 9-bedroom HMO generating 3,680 pcm - strong supplementary income alongside the pub business.
Summary
Located in Lowestoft's historic high street, The Globe Inn is a charming and long-established public house dating back to circa 1861.
This well-known pub boasts a cosy interior full of charming features, a spacious bar/restaurant area and kitchen. The building sits prominently on the roadside, making it a local landmark and a picture-perfect setting for any visiting customers. The High Street is North of Lowestoft, and was awarded Heritage Action Zone status by Historic England in 2017
Occupying the upper floors of the property is a well-presented and fully let 9-bedroom HMO, currently achieving a rental income of 3,680 per month. Offering consistent occupancy and a reliable yield, the HMO provides a valuable residential income stream to complement the pub business, making this a highly attractive and versatile investment opportunity
Located centrally, the property benefits from excellent accessibilityclose to bus routes and within easy walking distance of Lowestoft train station. Lowestoft is a charming seaside town on the Sunrise Coast, featuring award winning beaches, piers, theme parks, and the scenic Broads, making it a well-visited tourist destination. This location thrives on both local community patronage and seasonal tourist footfall.
Whether you're an experienced publican, Investor or a passionate newcomer with a vision, this is a fantastic chance to bring new life to a pub that's stood at the heart of the town for nearly two centuries.
Location
Located in Lowestoft's historic high street, The Globe Inn is a charming and long-established public house dating back to circa 1861.
This well-known pub boasts a cosy interior full of charming features, a spacious bar/restaurant area and kitchen. The building sits prominently on the roadside, making it a local landmark and a picture-perfect setting for any visiting customers. The High Street is North of Lowestoft, and was awarded Heritage Action Zone status by Historic England in 2017
Location
Located centrally, the property benefits from excellent accessibilityclose to bus routes and within easy walking distance of Lowestoft train station. Lowestoft is a charming seaside town on the Sunrise Coast, featuring award winning beaches, piers, theme parks, and the scenic Broads, making it a well-visited tourist destination. This location thrives on both local community patronage and seasonal tourist footfall.
Accommodation
Historic Public House: - trading since the mid 1800's
Large bar and dining areas: With original charm
Commercial Kitchen Space
Popular town centre setting: With strong local community
Character: Beautiful stained glass windows and wooden interior
Ideal for a food-led or traditional pub operation
Thriving Business: Previously ran as a successful bar
Rateable Value
The adopted rateable value is 7,000 as of 1 April 2023. Sourced from voa
Council Tax
Band B
EPC
Available upon request ( Rating B )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Located in Lowestoft's historic high street, The Globe Inn is a charming and long-established public house dating back to circa 1861.
This well-known pub boasts a cosy interior full of charming features, a spacious bar/restaurant area and kitchen. The building sits prominently on the roadside, making it a local landmark and a picture-perfect setting for any visiting customers. The High Street is North of Lowestoft, and was awarded Heritage Action Zone status by Historic England in 2017
Occupying the upper floors of the property is a well-presented and fully let 9-bedroom HMO, currently achieving a rental income of 3,680 per month. Offering consistent occupancy and a reliable yield, the HMO provides a valuable residential income stream to complement the pub business, making this a highly attractive and versatile investment opportunity
Located centrally, the property benefits from excellent accessibilityclose to bus routes and within easy walking distance of Lowestoft train station. Lowestoft is a charming seaside town on the Sunrise Coast, featuring award winning beaches, piers, theme parks, and the scenic Broads, making it a well-visited tourist destination. This location thrives on both local community patronage and seasonal tourist footfall.
Whether you're an experienced publican, Investor or a passionate newcomer with a vision, this is a fantastic chance to bring new life to a pub that's stood at the heart of the town for nearly two centuries.
Location
Located in Lowestoft's historic high street, The Globe Inn is a charming and long-established public house dating back to circa 1861.
This well-known pub boasts a cosy interior full of charming features, a spacious bar/restaurant area and kitchen. The building sits prominently on the roadside, making it a local landmark and a picture-perfect setting for any visiting customers. The High Street is North of Lowestoft, and was awarded Heritage Action Zone status by Historic England in 2017
Location
Located centrally, the property benefits from excellent accessibilityclose to bus routes and within easy walking distance of Lowestoft train station. Lowestoft is a charming seaside town on the Sunrise Coast, featuring award winning beaches, piers, theme parks, and the scenic Broads, making it a well-visited tourist destination. This location thrives on both local community patronage and seasonal tourist footfall.
Accommodation
Historic Public House: - trading since the mid 1800's
Large bar and dining areas: With original charm
Commercial Kitchen Space
Popular town centre setting: With strong local community
Character: Beautiful stained glass windows and wooden interior
Ideal for a food-led or traditional pub operation
Thriving Business: Previously ran as a successful bar
Rateable Value
The adopted rateable value is 7,000 as of 1 April 2023. Sourced from voa
Council Tax
Band B
EPC
Available upon request ( Rating B )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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