The Old Red House, a wet led public house situated in the Suffolk village of Carlton Coalville has been sold through specialist hospitality agent, Sidney Phillips.
The Old Red House occupies a two-storey public house situated on a main road position, opposite a fuel station, close to the centre of Carlton Colville, a suburb of the old fishing port of Lowestoft.
Located approximately 12 miles south of Great Yarmouth, Oulton Broad is approximately 1 mile away and has always been known as the ‘Southern gateway to the Broads National Park’ and in the summer months draws large crowds of nature enthusiasts as well as speed boat racers.
The property is a hub of activity and regularly hosts quiz nights, live music and karaoke as well as showing sporting events on both SKY Sports and BT Sports, the property also houses three darts teams and two pool teams that participate in the local leagues.
Zaine Lamont, Regional Valuations Manager for the Eastern Counties handled the sale and comments, “I am delighted to complete on yet another leasehold assignment within Suffolk. I’m also pleased to see demand for partially tied leases remains strong in today’s market”.
Sidney Phillips sold The Old Red House off a Leasehold asking price of £35,000.
For further information about pubs for sale or how to sell your business, please contact Sidney Phillips on 01522 500059 or please take a look at our Buyer’s Guide.
(August 2022)