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NORTH YORKSHIRE

SMALL HOTEL AT PRIME NORTH YORKSHIRE MARKET TOWN

Ref: S4534L

£125,000

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

“UTTERLY CHARMING” 16TH CENTURY COACHING INN AT THE HEART OF A YEAR ROUND ‘HONEY POT ‘ TOURIST DESTINATION MARKET TOWN ON THE EDGE OF THE NORTH YORKSHIRE MOORS

A RARE OPPORTUNITY, TO ACQUIRE A HIGHLY PROFITABLE YET TRUE LIFESTYLE BUSINESS, IN ONE OF THE MOST BEAUTIFUL AREAS OF THE COUNTRY. OFFERED FOR SALE BY WAY OF A LEASEHOLD TRANSFER AT £125,000 TO INCLUDE EXTENSIVE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.

  • Period bar (40), conservatory (20), residents lounge (12) Restaurant (34) 8 en-suite letting bedrooms plus one ground floor suite (self catering unit). 

  • Walled courtyard (30) to rear with interconnecting courtyard (30), 8 car parking spaces for resident’s and ample of street and town centre car parking adjoining the property.

  • A twelve-month trading season with numerous shooting parties from September to the end of January and strong general tourism throughout the rest of the year.

  • Generous lease terms with a partial tie and off invoice discounts on draught beers and a further quarterly retrospective discount. 

  • 6 years remaining of a 10 year fully renewable partial tie lease, landlord and tenant protected.



LOCATION

A most charming market town on the southern edge of the north Yorkshire moors. This thriving small town has great shops and a very busy market and forms the perfect place to be based for a break in the wonderful and dramatic Moorland scenery. The Business in this area can be as busy in winter as summer with the country sports of shooting and hunting bringing thousands of visitors to the area. Also with the advent of global warming walkers can be seen in their brightly coloured attire streaming over hill and dale.

PROPERTY DESCRIPTION

This wonderful property is stone built under a pan tile roof built circa 1700’s as a coaching inn. It is a most attractive building with large sash Georgian windows and an attractive portal entrance leading to the main entrance hall. To the right of the hall is the LOCALS BAR (40) this bar absolutely oozes character with a real feel of a moors Inn, open fire and huge brewery mirror an ideal place to lose several hours reading your favourite book whilst sipping a pint of locally brewed ale or a freshly brewed pot of coffee. To the left of the hall way is the RESIDENTS LOUNGE (12) again with open fire and comfy sofas and foot stool, polished wooden floors with rugs and lamps, creating a restful quiet area. Through the lounge is the RESTAURANT (34) or dining room, again polished wooden floors with large rugs, mixed old tables and chairs and high ceilings give a light airy feel. Directly to the rear of the hall is the CONSERVATORY (20) parquet flooring and light painting this room is used for breakfast and lunch service.
The CATERING KITCHEN is separated into three areas the main stove and service area, the pastry and prep area and the wash up area. There is also a small internal yard used for growing herbs.

LETTING ACCOMMODATION

The excellently appointed GUEST LETTING BEDROOMS are reached via a stairway from the residents lounge and comprise of six doubles, two twins and one suite, the latter being located from the rear courtyard. All guest rooms are en-suite and just packed with characterfull features and views over the pantile rooftops to the hills beyond.

OWNERS ACCOMMODATION

The owner’s accommodation is on the 3rd floor and comprises of a large lounge and office area, a kitchen with appliances and huge bedroom with large en-suite bathroom. The views are spectacular and the rooms are so large it would be possible to create further bedrooms with ease.

EXTERNALS

The Hotel is adjacent to the town’s main car park and to the rear has its own residents parking which leads to the rear of the hotel with two courtyards. One used as an area for a marquee has wiring and lighting to enable full usage for weddings or similar celebrations. The main courtyard leading to the conservatory has tables and chairs for alfresco dining and is quite a suntrap. The capacities of the areas are (30) and (30) respectively. Outside stage area with external power points There is also ample of street parking along the front of the hotel and down the main street.

PREMISES LICENSES

The premises are licensed from 10am until 1am Monday to Sunday. Our clients open 10am until 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 lease assignment of a 10-year partial tie lease from 2004, fully renewable at no further premium with full Landlord & Tenant Act Protection from Marstons (original lease from Jennings.) at an affordable business rent of £51,000 on a partial tie.

SERVICE

We are advised that the pub benefits from mains services with gas central heating throughout. Rates payable are circa £5040 p.a.

THE BUSINESS

This lease is a fine example of how a lease should be considered and viewed, a great business built up by our clients over the last four years into a real lifestyle business. The sales split is 35% wet 40% dry and 25% accommodation. This sales mix delivers a high gross profit and with demand for rooms growing all year round this is where we believe most of the growth can be achieved. The lease provides for discounts on the draught products of £36.00 per barrel with a further quarterly retrospective discount. The hotel is rated two stars and has an excellent rapport with the local tourist information centre, it has a cask marquee of 100% and is in the good pub guide 2008 and has the accolade of pub of the season for Camra.

LIFESTYLE BUSINESS WITH HIGH LETTING INCOME GOOD FOOD TRADE AND DRAUGHT DISCOUNTS – AN EARLY CONSIDERATION OF THIS BUSINESS IS RECOMMENED

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 Graham Alman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.

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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