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4 bed property
North Elmham NR20
£600,000
North Elmham NR20
£600,000
Our Summary
- Currently producing a healthy 20% yield, the property offers clear potential for growth through extended trading hours, event hosting, and an enhanced food offering, such as a Sunday lunch service
- Further Potential
- The existing business is well-established, but currently operates on limited hours leaving considerable scope for a new owner to enhance both income and visibility
- With strong staycation demand and three holiday lets already in operation, there’s further potential to create stay-and-dine packages, making the most of this multi-faceted site and tapping into Norfolk’s growing food and hospitality market
- With the above implemented we feel there is potential to increase the current income by 100%
- Currently generating a 20 % yield with clear scope to increase income through extended hours, events, and food offering
Description
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Here is a summarized version of the property description in a single paragraph:
The North Elmham Tea Post is a unique commercial site in the heart of Norfolk village, comprising a tea room, post office, and three holiday lets. The property currently produces a 20% yield and offers potential for growth through extended trading hours, event hosting, and an enhanced food offering. The site also includes a spacious two-bedroom apartment, suitable for live/work flexibility or as on-site accommodation for the owner/operator. The tea room has a strong reputation for quality and atmosphere, and there is scope to increase revenue through extended opening hours, Sunday lunch service, and creative events such as pop-up kitchen residencies and wine tasting evenings. The three holiday lets, including a two-bedroom apartment, a one-bedroom cottage, and a studio-style barn, are consistently popular with guests. The property is located in the desirable village of North Elmham, known for its beautiful countryside and thriving community.