Licensees to offer pub's lease for free
ANYONE who has ever dreamed of running their own pub is being offered the chance of a lifetime with the lease of one Norfolk pub being given away.The current licensees of Loddon's The Swan are prepared to hand over the lease to a lucky landlord for no payment up-front- although there will still be an annual fee to pay.
ANYONE who has ever dreamed of running their own pub is being offered the chance of a lifetime with the lease of one Norfolk pub being given away.
The current licensees of Loddon's The Swan are prepared to hand over the lease to a lucky landlord for no payment up-front- although there will still be an annual fee to pay.
The three-storey pub is currently under a 20-year lease that started in 2001, but pub chain London Town Inns are looking for someone else to take it on for the next 12 years.
Included in the deal are all furnishings - and the bowling green that sits in the pub's grounds.
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The pub, which is on Church Plain and is in the heart of the Norfolk Broads, is being sold through agents Fleurets and is still open.
Fleurets director Bob Whittle said: “We're acting on behalf of a pub company and they want to let go of the property and are prepared to let it go for nothing.
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“But whoever takes this on will have to have substance behind them - just a few thousand to get things going. It's a substantial property that is essentially going for nothing because it's in the interests of my clients to get someone in there quickly.”
At present the pub is leased from Enterprise Inns for �36,000 a year, which is set to be reviewed throughout the next 12 years.
Norfolk pub historian Derek McDonald said: “Loddon always seems a thriving place and there are not that many pubs there anymore because they're always shutting. It would be a shame not to keep this going as a pub and I hope someone takes it on.”