Search
The Caterer

Enterprise Inns buys Norfolk restaurant and bar

20 December 2007 by
Enterprise Inns buys Norfolk restaurant and bar

Enterprise Inns has bought the freehold on the Red Lion restaurant and bar in the Norfolk village of Needham.

The deal was brokered through the Ipswich office of Christie + Co, which additionally sold a new, 25-year leasehold on behalf of Enterprise Inns to local operators David and Jo-Ann Rye.

The Red Lion is a Grade II-listed three-storey property in the heart of the Waveney Valley that dates back to the early 16th century.

Along with a 40-seat restaurant and bar, the property offers five-bedroom owners' accommodation and extensive grounds that include a beer garden, a 30-seat decked terrace, paddocks, stables and a barn.

The Ryes will run the Red Lion alongside their other business, the 15th century Swan Inn pub and restaurant in nearby Hoxne, which they also hold on an Enterprise Inns lease.

The Ipswich office of Christie + Co sold the freehold off an asking price around £647,000 on behalf of Garry Leaf.

By Angela Frewin

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.