It's a popular pub that dates back to the 1880s and occupies "a stunning historic building" in a coastal town.
And next month a freehold pub with two flats above it is due to be auctioned off.
The Grade II-listed Carousel pub in Lowestoft is set to go under the hammer as it is listed for auction.
The "impressive historical building" situated in a "prominent position" on High Street in Lowestoft is set to go under the hammer on September 11.
Described as a "ready made investment", it is due to be sold on a freehold tenure with the business unaffected by the auction as the pub is currently leased until November 12, 2028.
It comes after the commercial property was postponed ahead of an auction in July.
Now marketed once more by Auction House East Anglia, it is listed as part of a livestream auction on September 11.
The freehold pub and two flats above is due to be sold with a guide price of £260,000 to £280,000 plus fees.
With "two generous two bedroom flats", it has stood as "a prominent corner building" within the North Lowestoft Conservation Area since the 1880s when it was known as The Fisheries Hotel in 1892 - becoming The Spread Eagle in the 1900s.
Most recently known as The Wheatsheaf, the pub reopened under its new name last year.
While the pub will continue to be open as usual, ownership of the public house and two recently refurbished two-bedroom flats will be up for grabs via the online auction.
As The Carousel Pub and Flats 1 and 2 at 108 High Street, Lowestoft is listed for auction, the property description from the auctioneers says: "The Carousel public house with two recently refurbished two bedroom flats above, currently let producing £32,400 pa."
'A great ready made investment property'
Situated in "a prominent position", it adds: "This popular pub occupies a stunning historic building.
"This substantial building is located in a conservation area and has been funded by grants for major works on the exterior of the building.
"The owner has also in the past two years made major improvements to the interior of the building costing £125,000 to include rewiring, new fire alarms, plumbing renewed and the roof has had repairs.
"Two generous flats have been completely refurbished and are currently yielding £1,200 pcm on a fixed term lease agreement with three years remaining and have self-contained electric supplies.
"The pub is yielding £1,500 pcm and has a lease of until 12/11/2028 which commenced recently.
"This is a great ready made investment property."
The pub, which features a bar area, pool table area, seating, function room and an outside terrace seating area, has a lease until November 2028.
There is also planning permission for the basement to be converted into a further flat.
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