GA-Select Property Book

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HULL

CLASSIC PROFITABLE LOCALS PUB

Ref: S4495L

£75,000 Serious Offers Considered

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

A CLASSIC SUBURBAN COMMUNITY LOCAL WITH BAGS OF CHARACTER AND A STRONG LOCAL TRADE IN AMONGST A SEA OF HOUSING IN ONE OF HULLS MOST DESIRABLE AREAS.

AN EXCITING FIND A COMMUNITY PUB WITH STRONG TRADE IN A SEA OF DOMESTIC HOUSING ON THE OUTSKIRTS OF HULL FOR SALE DUE TO RETIREMENT, OFFERED FOR SALE BY WAY OF A LEASEHOLD ASSIGNMENT AT £75,000 O.N.O. TO INCLUDE GOODWILL FIXTURES AND FITTINGS PLUS S.A.V.

  • Turnover for the year ended 2007 £333,700 Inc V.A.T. 100% wet with calculated net operating profits available of £48,479.
  • A large well appointed flat with 3 bedrooms all with fitted wardrobes, a large bathroom, kitchen and sitting room.
  • Locals bar (40) lounge bar (30) music room (60) with potential to add a catering kitchen.
  • Large beer garden with an attractive pergola, which has a cover to protect from inclement weather.
  • Large rear yard area with extensive buildings suitable for conversion into further trading area or catering facilities.
  • 15 1/2 years remaining on a 21-year fully renewable partially tied lease with excellent beer discounts available, landlord and tenant protected.

LOCATION (HU5 2PY)

Located on the Queens road in the Northwestern side of Hull. The area is a mass of Victorian and 1930’s ‘Terry and June’ houses, the majority privately owned. Queens’s road crosses the main Beverly road where there are hundreds of small privately owned shops and offices, this all goes to creating a large village feel to the area. The property stands well and has ample street parking all around, its corner plot is substantial thus enabling further development to be carried out. Hull has undergone a huge transformation in the last twenty years the university is world renowned, the city is thriving with massive investment going into the dockside areas, the surrounding suburbs are close to the city centre along boulevard style roads and outside of York you will notice a high proportion of cyclists. The city has a first class motorway network with the M62 running right into the heart of the city so communications to the larger centers of west Yorkshire and South Yorkshire are very easy indeed.

PROPERTY DESCRIPTION

Built of brick under a slate roof with the lower portion of the building clad in timber mouldings and painted in the traditional black and white of the period. It is a classic Victorian suburban local with large windows acid etched on the ground floor. On entering the property there is a passageway through the middle of the building, immediately on the left is the MAIN LOCALS BAR (40) with fabulous curved bar and back bar with turned pillars and mirrored backs, the windows let in masses of light and run along the front and side facades of the building. Fixed seating runs around the walls with traditional lino toped tables and stools. To the right of the passage is the MUSIC ROOM (60) a good-sized room with polished floor and loose seating. To the rear of the passage is the LOUNGE BAR (30) with service from the central bar. There is high backed fixed seating and a grand imposing fireplace with large gilded mirror above, the windows have drapes and swags and the tables are heavy wrought iron with lino inlay, a very grand room indeed. The w.c’s are to the rear of the passage and are in excellent order. The cellar is accessed from the back of the bar down wooden steps, it is made up of two areas one where the drop comes in for the casks and kegs and the other for bottles.

OWNERS ACCOMMODATION

Consisting of three good-sized bedrooms all with fitted wardrobes a large bathroom, substantial sitting room leading to a dinning kitchen with access to a flat roof patio area. This is a generous sized living accommodation and would be ideal for a family.

EXTERNALS

To the right of the front elevation is the beer garden and pergola patio area it is accessed through the pub and offers both covered shelter and a large grassed area. All around the garden are mature shrubs and boarders and there is room for up to ten large picnic tables. To the rear of the building is a yard accessed both from the rear of the premises and through large wooden gates from the road running down the south side of the premises. In the yard are a large garage and four substantial storerooms together with a covered patio area; at present this area is not used. Beyond this is a car park (15).

PREMISES LICENSES

We are informed that the premises licence allows for opening from 12 noon to 11pm Mon, Tues & Wed. Thursday 12 noon to 11.30pm. Friday & Saturday 12 noon to 12 midnight and Sunday 12 noon to 11pm. A personal licence will be required and our training associates would be only too pleased to assist in this matter.

TENURE

We are instructed to offer the business for sale by way of a leasehold assignment at £83,500 O.N.O. to include fixtures and fittings goodwill plus S.A.V. The landlord is Wolverhampton and Dudley Pub Company and is free of tie on all wines, spirits and minerals and the rental is £32,000. With rates payable of £t.b.c. p.a.

SERVICES

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

THE BUSINESS

The most traditional of pub businesses our clients have been in the pub for over fourteen years and are now retiring following an extremely successful and profitable career. With turnover for the year ending 2007 at £333,700 inc V.A.T. with reconstituted net operating profits of £48,479 this is a great business with bags of further trade development potential with the possible introduction of catering by developing one of the numerous store rooms, this we believe could introduce a further £80,000 to the business resulting in a total turnover of circa £420,000. The charm of this business and its attraction to customers is easy to see, no remodelling has gone on and what you see is what you get or as the advert says “it does what it says on the tin”.

FABULOUS SUBURBAN LOCAL WITH GOOD BARRELAGE AND STRONG TRADING PROFITS OVER A NUMBER OF YEARS, RETIREMENT 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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