Licensed property specialists, Sidney Phillips are delighted to announce the sale of the Leasehold interest of the Wheatsheaf, West Beckham, near Holt in Norfolk. This successful destination food-led pub and guesthouse had been in the hands of our clients for 5 years and has now been passed to a private operator looking to continue this successfully established business.
The Wheatsheaf occupies a detached two-storey quintessential character property of brick & flint construction believed to have been built over 400 years ago. The property was formerly the 'Old Manor Farmhouse', a building steeped in history, which was converted into the pub in 1983. Externally, the site provides a substantial trade garden for up to 72 covers, which is particularly busy in the summer months, as well as ample parking for up to 26 vehicles.
Situated on Church Road in the idyllic village of West Beckham in Norfolk the property is located only a short drive away from the historic Gresham Castle (built in 1318) as well as an array of camp sites and holiday parks bringing trade to the local village businesses. The region is a hub for professional and aspiring stargazers this is due to it being a low light area, which creates some of the clearest and visible night skies in the country.
Zaine Lamont, Regional Valuations Manager for the Eastern Counties Office handled the sale and comments, “It has been a real pleasure to represent our clients Steve & Daniella on the sale of their Leasehold interest in the Wheatsheaf. They created a profitable business in the five years they have been in operation and now pass on a character filled property to a new enthusiastic owner who has inherited a gem in the Norfolk countryside. I would like to give a special mention also to Alexander Bak from Docklands Solicitors, Canary Wharf for his efforts throughout the after sale and sales progression process. I would like to congratulate the new Leaseholder on his purchase and I wish him luck in continuing this successful business”.
Sidney Phillips sold the Wheatsheaf off a Leasehold asking price of £60,000.