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KEIGHLEY, WEST YORKSHIRE

FABULOUS STONE BUILT INN

Ref: S4500L

£65,000

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

A FABULOUS STONE BUILT INN ON OVERLOOKING STUNNING COUNTRYSIDE ON THE EDGE OF KEIGHLEY WITH STRONG LOCAL SUPPORT.

TREMENDOUS PURPOSE BUILT INN WITH GREAT FACILITIES OFFERED FOR SALE BY WAY OF A LEASEHOLD TRANSFER AT £65,000 TO INCLUDE GOODWILL, EXTENSIVE FIXTURES AND FITTINGS AND S.A.V.

  • M.A.T. Turnover for 2007 £527,575 Inc V.A.T. with reconstituted net operating profit calculated at £60,000 with excellent year on year on year turnover currently run under management.

  • Bar area (60), dining area (34) games area (30). 

  • Large decking terrace (60), beer garden and new children’s play area (60).

  • Good beer volumes with excellent discounts available.

  • Large owners flat with independent access and three large bedrooms and office, stunning house bathroom and sitting room, kitchen dining room and large private garden.

  • 8 years remaining of a10 year fully renewable partial tie lease, landlord and tenant protected.



LOCATION (BD22 6BZ)

The property is located on Fell Lane, which runs from close to the town centre through a large residential area. The pub itself is located on the edge of this housing with commanding views over the surrounding beautiful countryside. This area of west Yorkshire is becoming very sought after as Leeds and Bradford draw larger and larger numbers of workers to the new industries and commerce. With the new road systems Skipton, Ilkley, and the Yorkshire dales are easily reachable within minutes. This is growing as an area for tourism with Salts Mill, the Bronte country, Bradford’s museum of cinematography, Leeds Royal Armouries and many more facilities.

PROPERTY DESCRIPTION

Built in the late 70’s out of stone on this elevated location the facilities on offer are first class. Built in local sandstone under a composite tile roof in the style of a ‘dales’ farm building it is most attractive. On entering the property the farm feel is continued with exposed beams, open rafters ledges with barrels and sacks adorn the whole area. The floor finishes are mixed tiled and carpeted continuing the rustic theme. The trading area is split into three distinct areas the MAIN BAR (60) with bar stools and some seating around freestanding tables. The GAMES AREA (30) with pool table, some tables and chairs and a large projection screen for the sports broadcasting, this area leads to the decking through French doors. Finally at a lower level along the other side of the bar is the DINING AREA (34) COVERS looking out over the wonderful views of the dale. The BAR is a long rustic design with excellent back bar fittings and plenty of display points together with a designated food order point and dirty glass dump. There is a good size-catering kitchen and storeroom together with a ground floor cellar, and staff toilet, the customer toilets are located next to the front entrance.

OWNERS ACCOMMODATION

More akin to an expensive Leeds canal side apartment the living accommodation is of the highest standard. Comprising of here good sized bedrooms a fully tiled house bathroom, fully fitted dining kitchen, sitting room with lovely views private entrance and private garden.

EXTERNALS

A large car park on two levels, a newly constructed double level decking area with large fixed canopies complete with halogen heating lamps, below the pub is a large area of grass with picnic tables and a new timber children’s adventure playground complete with palisade for safety.

PREMISES LICENSES

The premises are licensed from 10am until midnight Sunday to Thursday, 10am until 1am Friday and Saturday. Currently the opening hours are 12 until 11pm Sunday to Thursday and 12 until 12 Friday and Saturday. A personal licence will be required and our training associates would be only too pleased to help in this matter.

TENURE

We are instructed to offer the business for sale by way of lease assignment of a 10-year partial tie lease from 2001, fully renewable at no further premium with full Landlord & Tenant Act Protection from Punch Taverns at a business rent of £62,000.

SERVICE

We are advised that the pub benefits from mains services with oil central heating throughout. Rates payable are circa £15,000 p.a.

THE BUSINESS

The business is currently run under management as our clients have other business interests, in the last financial year the turnover was £527,575 Inc V.A.T. with the net operating profit for the period calculated at £60,000 80% wet and 20% dry. The food area is one, which we feel could be most easily developed all the facilities are in place to gain a turnover in the region of £250,000 at least from food alone. The pub is well designed to provide separate areas for all needs from a meal to a quieter drink and of course there is the games area with big screen projection for sports. In all we feel that a turnover of £750,00 Inc V.A.T. is achievable, given the right operator. Our clients have recently invested a considerable amount of money on a superb decking area and children’s play area, so when we do have a summer this will have a considerable effect on the turnover increasing the trading area by 100%.

A GREAT CHANCE TO ACQUIRE A FAMILY INN WITH HUGE RESIDENTIAL AREA TO DRAW FROM OVERLOOKING STUPENDOUS COUNTRYSIDE.

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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