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The Crown is an attractive and traditional pub located in the picturesque village of Colkirk in North Norfolk. Situated just 3 miles north of the market town of Fakenham, Colkirk has a small population of around 600, but within a 10-minute drive, the surrounding area's population expands to over 12,000. This idyllic village, nestled in the beautiful Norfolk countryside, is a favoured destination for walkers and cyclists, making The Crown a potential hub for both locals and visitors exploring the area. Colkirk boasts a rich history, reflected in its historic landmarks such as the Grade II-listed St. Mary’s Church. At the heart of the village is the charming village green, a popular spot for community events and gatherings, drawing both residents and visitors alike. The village also supports several local businesses, including a village shop, a post office, a garage, and a farm shop, adding to its tight-knit and self-sufficient character. The strong sense of community is a hallmark of Colkirk, with residents active in various community groups and clubs such as the gardening club, the history society, and the women’s institute. This vibrant community life adds to Colkirk’s appeal as both a great place to live and visit, making The Crown ideally placed to serve as a social and cultural hub for the village, offering quality hospitality to both residents and the influx of countryside tourists.
Pub Layout
The Crown pub offers a warm and inviting main bar, which branches into two distinct areas for different types of customers. On the left is a cosy designated dining area with seating for 18, though it has the potential to increase to 28 with additional furniture, providing a more robust dining option. On the right, you'll find a space more focused on drinks, currently accommodating around 30 guests. With extra tables and chairs, this space could easily be expanded to serve more guests, enhancing both the drinking and dining experience. One of the pub’s key features is the quaint courtyard accessible from the dining area, a perfect sun trap where visitors can relax outdoors. Additionally, the property benefits from a large car park and an expansive area that could be revitalized into a spacious beer garden, offering even more outdoor seating potential. The kitchen, located conveniently behind the dining area, is well-equipped with a combination of electric and LPG gas appliances, providing a solid foundation for expanding the food offerings. Overall, The Crown presents ample opportunities to maximize its spaces, both indoors and outdoors, to cater to a diverse clientele in the charming village of Colkirk.
The private accommodation, above the pub, is in good order and comprises 4 double bedrooms, lounge and bathroom. There is presently no domestic kitchen in the accommodation but plenty of room to create one.
Annual Rent: £15,000
Security Deposit: £5,000
Working Capital: £1,000
Stock: £3,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
The Crown has tremendous potential to become a thriving hub for both the village of Colkirk and the surrounding areas. It needs a licensee who can bring consistency and actively promote everything the pub has to offer. With its cosy interiors and versatile spaces, the pub could drive more foot traffic by hosting a variety of regular events and activities, from food promotions and pub games to community and charity events. These initiatives would foster deeper connections with the locals while also attracting visitors from nearby towns. While the pub is already in good condition, there is room for enhancement. For the right tenant, the option to install a kitchen in the private quarters offers additional flexibility. Moreover, the beer garden, currently out of use, presents a prime opportunity to create an inviting outdoor space that could significantly boost the pub’s appeal, especially during the warmer months. By revitalizing the garden and promoting the pub’s features across all channels, the right licensee could firmly establish The Crown at the heart of Colkirk’s community.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
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MISREPRESENTATION ACT 1967
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