Specialist business property adviser, Sidney Phillips are proud to announce the sale of the Sutton Staithe Hotel, a substantial venue situated within the Norfolk Broads, to experienced operators.
Overlooking the River Ant, the Sutton Staithe Hotel enjoys a riverside location close to Sutton and nearby Stalham which connects downstream to Barton Broad, How Hill and Ludham Bridge, through some of the most beautiful Norfolk Broads scenery. Sutton is only ten minutes from some of the best sandy beaches on the North-East Norfolk Coast, and Great Yarmouth. The heritage city of Norwich is just a half an hour’s drive, boasting a magnificent cathedral and Norman castle, and winding medieval streets and lanes. Norwich is also one of the top ten shopping cities in the UK and has a stunning array of stylish café bars, pubs and restaurants.
The Sutton Staithe Hotel dates back to the 1940’s and occupies a sizeable, detached property set in approximately 4 acres. The property boasts a bar, restaurant and games room (80), function room (200), 11 en suite letting rooms, a letting annexe and substantial outside trade space.
Zaine Lamont, Regional Valuations Manager for the Eastern Counties handled the sale and comments, “The Sutton Staithe Hotel is, and has been for a number of years been a thriving waterside business which enjoys trade from destination diners, tourists and those utilising the well-equipped wedding facilities.”
“We have successfully overseen the grant of a new free-of-tie lease on the premises to experienced hotel and restaurant operators who already boast a number of venues across the country. With the expected increase on staycations and backlog of cancelled weddings off the back of the pandemic, the new operators will undoubtedly take this already thriving waterside venue to the next level.”
Sidney Phillips sold the leasehold interest of the Sutton Staithe Hotel off an asking price of £60,000.
For further information about pubs for sale, hotels for sale or how to buy a business, please contact Sidney Phillips on 01522 500059 or please Click Here.