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Exceptional Free Of Tie Public House, Restaurant And Function Venue With Guest Accommodation for Sale

York, North Yorkshire

Leasehold : £ 150,000
Turnover : £ 7,692 p.w.

This superb public house with guest accommodation is located in the picturesque village of Coxwold. Coxwold is a beautiful Estate village belonging once to Newburgh Priory and set in rolling countryside close to where the White Horse of Kilburn stands guard on an escarpment of the Hambleton Hills. It features period stone houses which front each other across a broad green. The village church, St Michael’s, is one of the finest in Yorkshire and dates from 757 AD. The village is also served by this popular public house and a thriving village hall, with playing fields and tennis courts. York itself, and the market towns of Thirsk and Helmsley, are in easy reach; there is a primary school at nearby Husthwaite and the village is in the catchment area for Easingwold Comprehensive school. Ampleforth College is about 4 miles distant.

EXCEPTIONAL FREE OF TIE PUBLIC HOUSE, RESTAURANT AND FUNCTION VENUE WITH GUEST ACCOMMODATION
Reduced for a quick sale due to other business interests
Turnover in excess of £400,000 with 50%+ GP
Original 30 year lease, long term investment
Early viewing essential to fully appreciate
8 well presented en-suite letting rooms
Handover period & training if required
Scope for owners’ accommodation
Ideal partnership opportunity
Bookings into 2015
LONG LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this fantastic free of tie public house with guest accommodation and restaurant which has been established since circa 1640 and has been in the careful hands of our clients for the last 8 years. The only reason this superb opportunity is being offered to the market, is due to our clients desire to take well deserved retirement. Since our clients took ownership of the business they have invested time and money in the business and premises to the point where it is in full walk in condition. Our clients inform us that annual turnover currently runs in excess of £400,000 with a GP of over 50% which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks as well as a popular hot & cold food menu served in their restaurant. The business also has guest letting accommodation which is beautifully presented; they also hold functions such as weddings, christenings, birthdays etc and sell a range of products in the on site shop. The guest accommodation is extremely popular due to it’s’ location in the business district and its forward bookings run well into 2015. This is a superb opportunity to purchase a true lifestyle business in one of the most desirable areas in the UK and as such early viewing is highly recommended as this superb business is not to be missed. There is scope to use some of the letting rooms as owners’ accommodation as there are two separate staircases. The owners’ are keen to offer training and a handover period is required.

Trading Hours: Monday - Sunday: 9:00am – 12:00pm
 
Accommodation: Imposing Grade II listed property, briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Open plan bar with feature fireplace

Traditional fitted bar servery

Seating areas throughout

Dining room/lounge
Ample dining tables and chairs for approximately 40 covers

Further bar area with fitted servery

Fully fitted commercial kitchen
Utility room

Toilet facilities

Storage room

Access to large cellar
FIRST FLOOR
Hatoft - Double room with en-suite
Sheepwash – Twin room with en-suite

Gormire – Double room with en-suite
Pinkers Pond – Double room with en-suite

Rosedale – Double suite with bathroom
Thixendale – Double suite with bathroom

Troutsdale – Double suite with bathroom
Belasyse – Double suite with bathroom
EXTERNAL
Large terrace

Lawned gardens with summer house

Patio with seating space

Outbuildings such as coal house, storage and walk-in fridge

Glass fronted shop with ample product displays also used as a function venue

Parking facilities

 
Tenure: We are advised long leasehold
Original Length: 30 years
Remaining: 22 years
Rent: 2,400pm Inc VAT

 
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199 Advert ID 42837    Sellers Ref : 3582/BSOL

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