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Oak Tree Norwich

Pubs & Bars • 59 Ipswich Road, Norwich, Norfolk, NR4 6LA Management opportunity
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Summary

The Oak Tree is a traditional looking site that successfully combines as both a destination and neighbourhood offering sitting prominently on the Ipswich Road, just as you arrive into Norwich.

Description

The Oak Tree is a traditional looking site that successfully combines as both a destination and neighbourhood offering sitting prominently on the Ipswich Road, just as you arrive into Norwich. Enjoying a reputation for good pub food along with the regular Poker Nights, Weekly Quiz, Monthly Music and Theme Nights, The Oak Tree successfully draws regular custom from the local chimney pots as well as those from further afield who make use of its spacious car park. On entering the pub from the central main entrance, you are greeted with a large open plan trading area with space for 100 plus covers. To the left there is a mix of dining tables, fixed banquets and soft back chairs around a decorative fireplace. From here the entrance to the Conservatory area which can be shut off for private dining and functions for up to 30 seated covers. To the right is a more informal pub layout with a mixture of seating options including high bar stools and tables along with further TV screen and the pool table. To the rear is a secluded garden which is set up beautifully with different seating and table configurations, a large outdoor screen and a covered booth area, in total there is space for 70 plus covers. The private accommodation is set over two floors including 3 bedrooms and staff facilities. Key features The Oak Tree is a traditional looking site that successfully combines as both a destination and neighbourhood offering sitting prominently on the Ipswich Road, just as you arrive into Norwich. Enjoying a reputation for good pub food along with the regular Poker Nights, Weekly Quiz, Monthly Music and Theme Nights, The Oak Tree successfully draws regular custom from the local chimney pots as well as those from further afield who make use of its spacious car park. On entering the pub from the central main entrance, you are greeted with a large open plan trading area with space for 100 plus covers. To the left there is a mix of dining tables, fixed banquets and soft back chairs around a decorative fireplace. From here the entrance to the Conservatory area which can be shut off for private dining and functions for up to 30 seated covers. To the right is a more informal pub layout with a mixture of seating options including high bar stools and tables along with further TV screen and the pool table. To the rear is a secluded garden which is set up beautifully with different seating and table configurations, a large outdoor screen and a covered booth area, in total there is space for 70 plus covers. The private accommodation is set over two floors including 3 bedrooms and staff facilities. Business & financial information The Oak Tree is a traditional looking site that successfully combines as both a destination and neighbourhood offering sitting prominently on the Ipswich Road, just as you arrive into Norwich. Enjoying a reputation for good pub food along with the regular Poker Nights, Weekly Quiz, Monthly Music and Theme Nights, The Oak Tree successfully draws regular custom from the local chimney pots as well as those from further afield who make use of its spacious car park. On entering the pub from the central main entrance, you are greeted with a large open plan trading area with space for 100 plus covers. To the left there is a mix of dining tables, fixed banquets and soft back chairs around a decorative fireplace. From here the entrance to the Conservatory area which can be shut off for private dining and functions for up to 30 seated covers. To the right is a more informal pub layout with a mixture of seating options including high bar stools and tables along with further TV screen and the pool table. To the rear is a secluded garden which is set up beautifully with different seating and table configurations, a large outdoor screen and a covered booth area, in total there is space for 70 plus covers. The private accommodation is set over two floors including 3 bedrooms and staff facilities. Key information • Agreement type: Fixed Term Tenancy (FTT) • Model: Leased & Tenancy • Estimated ingoings (upfront): £1 • Deposit: £1 • Estimated startup capital (site guidance): £58,500 • Guide rent (annual): £56,000 • Forecast turnover (annual): £887,997 • Facilities: TradeKitchen, DestinationDining, FunctionRooms, SportsLed, PubGames, CarPark, BeerGarden, FoodLed, CommunityLocal

Upfront cost

POA
Cost type: POA

Key facts

Upfront cost
POA
Turnover (annual)
£887,997
Rent
£56,000 (annual)

Location

59 Ipswich Road, Norwich, Norfolk, NR4 6LA
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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