Freehold Public House Investment For Sale
The property comprises the ground and first floor of a semi-detached building with rendered brick and stone elevations beneath a pitched and hipped roof. A single storey extension has been constructed to the rear.
Ground Floor: The ground floor provides an open plan trading area with a single bar servery and seating on loose tables and chairs for approximately 60 covers.
Ancillary areas include a ‘snug’ area, trade kitchen, beer cellar and customer WC’s.
First Floor: The first floor comprises manager’s accommodation with kitchen, living room, bathroom, three bedrooms and office.
Externally: There is an extensive beer garden to the rear with seating for 150 customers and a car park for 15 vehicles to the front.
The property is held freehold (Title Number NYK116321).
The entire property is let to Dalriada Inns Ltd a 20 year lease from 23 May 2018 subsequently extended to 2043 at a current rent of £64,232 per annum which is subject to five yearly reviews and annual uncapped RPI increases (which do not apply in the open market review year). A rent deposit of £18,041 is held by the landlord.
The property is not listed and is situated within Bishopthorpe Conservation Area.
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.
We are instructed to invite offers in excess of £750,000 (8.31% NIY) assuming the usual purchasers costs.
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings & Contacts
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.
For further information and all viewing requests please contact the sole selling agents Savills.
EPC Rating is E (119)
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