Beer Garden
External Drinking Area
Property details
The Albion pub is located a short walk from the centre of the bustling market town of Thetford with a population of 24,000 people. Thetford has excellent transport links with the recent duelling of the A11. The Albion is a busy, highly regarded, profitable pub ready to be taken to the next level and there is plenty to get excited about.
The pub has a cosy environment with an open fire and currently offers a wide selection of draught products including cask ales. Traditional and homely in feel, there is a clear opportunity for the right operator to put their stamp on the pub. There is currently no food offer with local competition focusing on value-led offers, presenting an opportunity for a mid-market offer. The pub boasts a fantastic games area complete with a darts board and pool table.
Outside retail space consists of a popular gated area to the front of the pub and a beautiful courtyard garden to the rear. Directly opposite the pub is the historic Castle Park with a children’s play area. Free parking is available opposite the pub and directly on the street.
The private accommodation consists of three bedrooms located above the pub and in good order.
Cask Ale
Catering Kitchen
Team Games
Pool Area
Live Entertainment
Trading style
The current trading style of the business is that of a classic community pub; it is envisaged that this style of trading would continue and would be developed to keep it ahead of the game. There is a large area of unused land to the rear of the pub which could be developed to lend itself perfectly to hosting family fun days, Ale and cider festivals and an additional income stream could easily be achieved by promoting the external retail space.
The pub will continue to thrive under the direction of a sound operator who understands that character, quality and service are the core values that make this kind of business successful. The pub would suit an entrepreneurial couple or individual who has experience in identifying and exploiting the business potential of this type of pub. They must share the owning pub company’s vision to develop and grow the business. The ideal licensee needs to be passionate about quality beers and ales and possess exceptional customer service and engagement skills along with fantastic standards that will be key in moving this already successful beautiful pub onto the next level. Previous experience in operating a high-volume pub would be preferred but not essential. Knowledge of cask ale management is a must.
Key financials
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Reference Number:
IU3WDL / P03525
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£7,500.00
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Annual Rent:
£17,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £17,000 ( 50% off headline rent for first 3 months)
Security Deposit: £2,000 (Deposit Build Available up to £5k)
Working Capital: £2,500
Stock: £3,000
F&F: Upon valuation – funding options may be available for the right licensee.