An exciting opportunity has arisen to acquire a historic freehold property situated in the picturesque and highly sought-after village of Horning, Norfolk.
Staithe ‘N’ Willow, which dates back to the 16th century, features a mix of commercial and residential premises. Available in our 8th May auction with an attractive guide price of £425,000 (plus fees), this well-maintained property comes with the benefit of existing leases, making it an enticing opportunity for investors on the hunt for a stable income stream.
Riverside gem
Perfectly situated alongside the serene banks of the River Bure, Staithe ‘N’ Willow is an iconic establishment marked by its beautiful thatched roof.
The quaint tearoom offers cosy indoor seating for 40 guests, complemented by a spacious courtyard terrace that extends the dining area and provides picturesque riverside views.
Next door is a local gift shop specialising in Norfolk lavender products. A separate one-bedroom cottage is also part of the freehold. The shop, cottage and restaurant are leased on 10-year terms, yielding a stable and reliable income.
Additionally, a one-bedroom manager’s flat is located above the restaurant, offering convenient on-site accommodation.
Altogether, this remarkable freehold investment currently generates an impressive £39,200 per annum, making it a valuable addition to any property portfolio.
Recent renovations to the property have included a full re-ridging and a thorough overhaul of the thatched roof, ensuring that the property remains in excellent condition for many years to come.
High footfall
Staithe ‘N’ Willow occupies a coveted spot in an area known for its natural beauty and historical significance.
Attracting a high volume of visitors due to the scenic surroundings, rich history, and proximity to the water, Horning continues to be a highly desirable location for both commercial ventures and residential living.
The village also boasts a range of attractions, including the famous Three Rivers Race and the luxurious cruiser, known as the Southern Comfort, which draw visitors from far and wide to experience the area's unique appeal.
Don’t miss out
This freehold property offers the perfect opportunity for investors looking for a well-positioned, income-producing asset in one of Norfolk's most attractive locations.
Area Manager, Helen Plumstead, comments: “Whether you are looking to expand your property portfolio or invest in an iconic building in a peaceful riverside village, this is a rare and valuable opportunity not to be missed.”
For further information or to arrange a viewing, please contact the Norwich office on 01603 505100.
