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GOOLE

HIGH BARRELAGE COMMUNITY FREEHOUSE

Ref: S4497L

£98,500

Leasehold
(Proof of finance or credit line will be required.)

AN EXTRAORDINARY FREE OF TIE LEASE WITH HIGH BARRALAGE IN THE SAME HANDS FOR OVER TWENTY YEARS NEAR THE CENTRE OF GOOLE, EAST YORKSHIRE.

LOOK NO FURTHER FOR A HIGH VOLUME FREE OF TIE COMMUNITY PUB WITH A PRIVATE LANDLORD, OFFERED FOR SALE BY WAY OF A LEASEHOLD ASSIGNMENT AT £98,500 TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.

  • Turnover for the year ended 2007 £340,484 Inc V.A.T. 100% wet, with reconstituted net operating profits available of £49,800.
  • Originally the town’s magistrates court still with many stunning architectural features.
  • Locals bar (60) lounge, games room (40) with external smoking shelter.
  • Free of tie lease with in excess of 320 draught barrels.
  • Owner’s accommodation comprising of 3 bedrooms, dressing room, a large bathroom and sitting room and a huge kitchen.
  • 3 and a half years remaining on a 10-year fully renewable free of tie lease with new lease available, landlord and tenant protected.

LOCATION (DN14 5QW)

Located in the old part of town near to the docks in what is now a listed area with its amazing Victorian architecture. As a result the buildings are having new life breathed into them. The Macintosh Arms used to be the local magistrates court and still has many of the classic features associated with the period when it was built. Converted to a pub over many years ago it has become one of the areas solid favorites for locals both in the town and beyond. Goole it’s self is now a vibrant fast developing centre for commerce with a new marina alongside the modern container docks all served by the first class road network of the M18, M180, M62, it’s close proximity to Doncaster, Scunthorpe and Hull all areas of massive regeneration and growing populations.

PROPERTY DESCRIPTION

Built of brick under a slate roof the property dates back to the early Victorian period, on entering the property you are in a passage with period mosaic floor and doors leading to the lounge and main bar. The MAIN BAR (60) is an ‘L’ shape with a central bar. The walls are covered in the most fantastic memorabilia of the docks and shipping together with more recent trophies from regulars achievements on the track, bike club notice boards and many other knick knacks and mementoes of locals travels the far flung corners of the world. There is fixed seating around the outside of the room and loose stools and tables, with a large screen TV. In one corner. The w.c.’s are to the rear of the property and adjacent to the bar and the LOUNGE COME GAMES ROOM (40) with fixed seating stools and tables also a pool table towards the bottom end of the room. The cellar is traditional and has the drop out on the pavement in front of the property.

OWNERS ACCOMMODATION

The access to the private accommodation is behind the bar and leads to a quite enormous flat comprising of three large bedrooms one with a dressing room a large bathroom and even larger kitchen dining room and sitting room. The building is grade two listed.

EXTERNALS

To the rear of the premises is the car park for 6 cars and smoking shelter with picnic tables, the area has lovely hanging baskets and has a private access to the living accommodation. To the front of the building are a number of picnic tables a space heater and heated lights.

PREMISES LICENSES

The premises benefit from licensing hours from 10.30 am until 12pm Sunday and Monday, Tuesday Wednesday and Thursday 10.30. am until 1 am, Friday and Saturday 10.30 am until 2 Am.

TENURE

We are instructed to offer the business fro sale by way of a leasehold assignment at £98,500 to include fixtures and fittings goodwill plus S.A.V. The landlord is a Mr Charles Oldridge and the rental is £23,000 p.a. with rates payable of £8,000.p.a.

SERVICES

The property benefits from all the mains services Water, electricity, sewage and gas and the central heating is oil fired.

THE BUSINESS

Our clients have been at the Macintosh Arms, named after the founder and architect of Goole Docks, for over twenty years during which time they have consistently operated this classic community local and those who would have us believe that this sector is dead should just take a look at this business, over 320 draught barrels Turnover for year ending 2007 at £340,484 inc V.A.T. and recon profits of £49,800 and this year showing further growth. The pub boasts two bike clubs together with all the usual activities associated with a local. Of course food could be introduced offering a further increase to the turnover. The premises have a feel of a traditional Tetley tenancy not surprising when you consider that this is what the pub started life out as until being bought by the current landlord Mr Oldrige at which point our client Mr Lockwood and his wife took the lease so they are the one and only operators for over twenty years a feat in it’s self in today’s market. We feel this demonstrates the quality of this business and makes it represent excellent value for money.

“POSSIBLY” ONE OF THE BEST COMMUNITY PUBS IN THE COUNTRY, FREE OF TIE, HIGHLY PROFITABLE AND A RETIERMENT SALE.

Accounts information will be made available to interested parties after viewing.

Our panel of financial experts are here to help; call for referrals: 01530 414140’.

The Property was viewed by Simon Kershaw who will be delighted to discuss the opportunity with you 7 days a week on 07776 302 293.

Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.

SOLE SELLING RIGHTS:

Attention: These Sale Particulars are issued by way of the "web" or hard copy on the understanding that all VIEWINGS, CONTRACTS and negotiation in connection with the business or property are conducted through GA SELECT or their agents who are appointed by the vendor under a SOLE SELLING RIGHTS AGREEMENT with total CONFIDENTIALITY. Under no circumstances must you approach the Owner directly without a formal appointment or disclose to other customers, staff or suppliers that the business is for sale. Failure to comply with these terms may make you liable in law to damages.

BUSINESS FINANCE for PURCHASE of a LICENSED PROPERTY: GA SELECT will be pleased to contact our ASSOCIATE COMMERCIAL FINANCE SPECIALIST on your behalf to engineer the necessary finance package for you at preferential rates and for a period of up to 30 years. Our Business managers will make the contact on your behalf and initial opinions will be offered by our associate at no charge. Alternatively talk to GRAHAM ALLMAN for advice who is licensed by the OFT to give such advice; License No 520042.

VIEWING: ALL APPOINTMENTS must be made by GA SELECT by calling 01530 41 41 40. Our business managers will request your purchasing position then confirm the viewing arrangements back to you. Your viewing will be followed up by a call from either a Business Manger or Sales Director. All properties are left on our web site until contracts have completed.

PROPERTY MISDISCRIPTIONS ACT: GA SELECT give notice that for themselves, their associates, vendors or lessees of the property or business that…

1) These particulars are intended as a guidance for the prospective purchaser and do not constitute or form part of any offer or contract.
2) All descriptions which include distances, plans, dimensions, demographics, or opinion on potential trade and profits are along with all other items within these particulars or given verbally by GA SELECT or its associates, are given in good faith as a guide and no responsibility is assume or accepted by GA SELECT. For there accuracy.
3) GA SELECT do not make or give within these particulars or at any other occasion any representation or warranty in relation to the condition or suitability of the property or its fixtures and fittings. Like wise for any misstatement, omission or error. Independent advice is recommended within all issues relating to the purchase and no warranty is offered by GA SELECT for the working condition or legal positions.
4) Prospective purchasers should satisfy themselves on the suitability of the conditions within the Premises Licence and their ability to obtain a Personal License.
5) Intending purchasers should make their own independent enquiries of fact, accounting information, the use of the property, permissions and potential uses and licenses including any other matters affecting the business including items within 2-3-4.
6) Viewings are totally at the clients risk relating to HEALTH & SAFETY LAW or risks within any act related to the business. GA SELECT nor its vendors hold ourselves responsible for any expenses in any circumstances whatsoever incurred by applicants inspecting a business or property which may be sold or withdrawn from sale or for any other reason, to include traveling expenses, survey, valuations, legal fees etc.
7) It must not be assumed that photographs are current or untouched nor that contents within them are included in the sale.

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