The KING WILLIAM IV

Country Inn & Restaurant

HEACHAM ROAD | SEDGEFORD | | PE36 5LU Highly successful award-winning country inn and restaurant.

Sought-after village location just minutes from ’s beautiful coastline.

Charming public areas retaining many original character features.

9 luxury en suite letting bedrooms, spacious trade garden and car parking.

Exceptional profits from a turnover (net of VAT) £711,812.

An ideal opportunity THE KING for an experienced and discerning operator. WILLIAM IV

£1,350,000 Freehold

The KING WILLIAM IV | ROAD | SEDGEFORD | NORFOLK | PE36 5LU Introduction

The award winning King William IV is a superb destination country inn that is not only a delightful property exuding charm and character, but also an established and successful business that generates an exceptionally high turnover and profit. With its spacious and characterful trading areas and nine well-appointed letting bedrooms, the King William has built up an enviable reputation for the quality of both the freshly cooked and locally sourced food and drink and the standard of the accommodation on offer.

The King William IV is prominently located at the heart of the historic village of Sedgeford situated just a short drive from the North Norfolk coast. The village lies approximately 4 miles south east of , 14 miles from Kings Lynn and 40 miles from the city of .

The location is perfect for attracting not just the affluent local population, but also the many thousands of visitors drawn to the area by the attractive coastline and local attractions including, Sandringham House, Holkham Hall, shopping in nearby and the popular and the North Norfolk coastal path.

THE KING WILLIAM IV The KING WILLIAM IV | HEACHAM ROAD | SEDGEFORD | NORFOLK | PE36 5LU The current Owners purchased the King William in October 2005. During their many enjoyable years at the helm, they have spent considerable time and monies extensively refurbishing and extending the property. In the process they have established a highly successful business with sustained trading growth.

Having now decided to sell, the sale of the King William offers new owners a fantastic opportunity to acquire not only a beautiful and immaculate property, but also an established and successful business with the potential for further trading growth in the future.

THE KING WILLIAM IV The KING WILLIAM IV | HEACHAM ROAD | SEDGEFORD | NORFOLK | PE36 5LU The Property

A substantial two storey period property believed to have been constructed in the 19th Century of traditional brick construction beneath a pitched tile roof. To the rear is a substantial extension of contemporary brick and carrstone construction.

PUBLIC AREAS The main entrance from the upper car parking area leads via a small lobby to the lounge bar with seating for around 34 on freestanding tables and chairs. An attractive room with half panelled walls, feature fireplace with log burning stove and a one side panel bar servery. To the right of the lounge there is access to the conservatory and garden restaurants with approximately 70 covers. To the front accessed via a corridor is a further restaurant/snug area with freestanding tables and chairs to seat a further 32 covers.

LETTING BEDROOMS The King William has a total of 9 letting bedrooms. 4 of the rooms are on the first floor of the original building, with a further 5 located in the extension to the rear. All the bedrooms have en suite bathrooms with showers over, colour TVs, hairdryer and tea and coffee making facilities.

THE KING WILLIAM IV The KING WILLIAM IV | HEACHAM ROAD | SEDGEFORD | NORFOLK | PE36 5LU ANCILLARY AREAS OUTSIDE SERVICES On the ground floor to the side of the Garden The King William IV occupies a site of around Norfolk District Council (0344 800 8012). restaurant is a fully equipped catering kitchen 0.26 hectares (0.66 acres) To the rear of the Mains electricity, water and drainage. with a comprehensive range of commercial property is a substantial patio and seating LPG for cooking and heating. grade catering equipment including extraction area with tables and chairs to accommodate canopy and work surfaces. A rear kitchen door circa 20 beneath an attractive pergola. LICENCE provides access through to further storage, A separate lawn area and trade garden with A premises license is held for the property. including a large walk-in refrigerator and mature shrubs and borders offers a further separate dry goods store. alfresco seating area. The remainder of the LISTINGS site comprises shingled car parking, split Visit 4 Star and Silver award between upper and lower levels, with AA 4 stars space for circa 35–40 vehicles. TRIP Advisor certificate of excellence

THE KING WILLIAM IV The KING WILLIAM IV | HEACHAM ROAD | SEDGEFORD | NORFOLK | PE36 5LU TRADE Accounts supplied by the owner for the year ending March 2017 shows net profits (EBITDA) of £153,180 from a turnover of £711,812 (net of VAT). Accounts for the year ending 31st March 2016 show profits of £162,158 from a turnover net of VAT of £719,468.

A chartered accountant, the owner has provided the agents with a comprehensive package of information that includes occupancy levels and management figures for the current financial year to date.

Further information may be provided to bona fide prospective purchasers following a formal viewing and the signing of a confidentiality agreement (NDA).

PRICE Offers of £1,350,000 are invited for the freehold and trade contents (according to inventory), excluding personal items. Trade stock at valuation.

THE KING WILLIAM IV The KING WILLIAM IV | HEACHAM ROAD | SEDGEFORD | NORFOLK | PE36 5LU THE KING WILLIAM IV The KING WILLIAM IV | HEACHAM ROAD | SEDGEFORD | NORFOLK | PE36 5LU THE KING DIRECTIONS WILLIAM IV Approaching from Kings Lynn - follow the A149 to Hunstanton and turn right at Norfolk Lavender in Heacham onto the B1454 signposted Docking, Sedgeford. After approx, 2 miles you will reach The King William IV on your right hand side.

Approaching from Fakenham follow the B1454 signposted Docking through Docking into the village of Sedgeford.

JONATHAN WREN Director | Hotels Agency 12th Floor Alternative Markets Eleven Brindleyplace D: +44 121 265 7524 2 Brunswick Square M: +44 7764 304672 Birmingham | B1 2LP [email protected]

DISCLAIMER Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending purchaser should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (March 2018) Colliers International is the licensed trading name of Colliers International Property Advisors LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered address is at 50 George Street, , W1U 7GA.

THE KING WILLIAM IV The KING WILLIAM IV | HEACHAM ROAD | SEDGEFORD | NORFOLK | PE36 5LU