EAST YORKSHIRE WOLDS - SUCCESSFUL COMMUNITY PUB/RESTAURANT
North Frodingham, Driffield, East Riding of Yorkshire
Ref: 44451
£300,000
Leasehold
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Key Features
Precis
Detached public house and restaurant located in a popular East Yorkshire village. Benefitting from three internal trade areas, car park, front trade patio, commercial kitchen, garden to the rear (not currently used). Has a net turnover circa £230k resulting in a 25% net profit. Freehold or new free of tie Leasehold opportunity with rent £23k per annum.
Location
The Blue Post Inn is situated in the East Yorkshire village of North Frodingham approximately 5.5 miles south-east of Driffield, 17 miles north of Hull and 11 miles south-east of Bridlington.
The village has a population of 830 and lies in the Yorkshire Wolds with its rolling valleys and chalk hills. Magnificent unspoiled scenery, busy market towns, stunning country houses and sweeping coastline ensure that visitors return to the area year after year.
The Blue Post is a detached building under slate roof, on two floors. Situated on Main Street in the centre of the village where it enjoys a significant amount of passing traffic and currently the only trading pub in the village. It is also heavily involved with the local community and has football, cricket and darts teams, which help to provide a good trade during the quieter earlier week days.
It briefly comprises the following accommodation:-
The village has a population of 830 and lies in the Yorkshire Wolds with its rolling valleys and chalk hills. Magnificent unspoiled scenery, busy market towns, stunning country houses and sweeping coastline ensure that visitors return to the area year after year.
The Blue Post is a detached building under slate roof, on two floors. Situated on Main Street in the centre of the village where it enjoys a significant amount of passing traffic and currently the only trading pub in the village. It is also heavily involved with the local community and has football, cricket and darts teams, which help to provide a good trade during the quieter earlier week days.
It briefly comprises the following accommodation:-
Property
TRADE AREAS
MAIN BAR with upholstered bench seating and freestanding tables and chairs for 48. Part tiled and part carpeted floor, an open fireplace and multi burner stove. GAMES ROOM with seating for 12. LADIES AND GENTLEMEN’S TOILETS.
RESTAURANT with seating for 22, having carpeted floor. COMMERCIAL KITCHEN with extractor canopy, part tiled walls and 2 stainless steel double sinks. TWO STOREROOMS. ON LEVEL CELLAR with stainless steel sink. Stairs to first floor.
OWNERS ACCOMMODATION
First floor accommodation includes 3 DOUBLE BEDROOMS, LOUNGE, KITCHEN AND BATHROOM with shower.
EXTERNAL
CAR PARK with space for 30 vehicles. FRONT TRADE PATIO with seating for 36. Enclosed rear owners lawned garden, bin store and wooden shed.
MAIN BAR with upholstered bench seating and freestanding tables and chairs for 48. Part tiled and part carpeted floor, an open fireplace and multi burner stove. GAMES ROOM with seating for 12. LADIES AND GENTLEMEN’S TOILETS.
RESTAURANT with seating for 22, having carpeted floor. COMMERCIAL KITCHEN with extractor canopy, part tiled walls and 2 stainless steel double sinks. TWO STOREROOMS. ON LEVEL CELLAR with stainless steel sink. Stairs to first floor.
OWNERS ACCOMMODATION
First floor accommodation includes 3 DOUBLE BEDROOMS, LOUNGE, KITCHEN AND BATHROOM with shower.
EXTERNAL
CAR PARK with space for 30 vehicles. FRONT TRADE PATIO with seating for 36. Enclosed rear owners lawned garden, bin store and wooden shed.
The Business
The vendor has owned and operated the Blue Post Inn for over 10 years and is now looking to offer the freehold or alternatively a new Lease. During his time with the property, he has created and established a profit-making business which offers a relaxed ‘family friendly’ atmosphere that benefits from a loyal customer base. A diverse menu, using locally sourced and fresh ingredients has led to the business being renowned for a good quality food offering. The premises have a 5 Star Hygiene Rating from the Food Standards Agency.
The business is currently operated on limited hours as a community venue with the sales split 70/30 in favour of drink. It offers an opportunity for a new operator to create a destination venue with the increase of opening hours. The business would be suitable for a first-time buyer.
It is our understanding that net turnover for the year ended 2019 was £200,000, with a net profit of circa £45,000 per annum. Further accounting detail will be made available to serious parties following a formal viewing. Post Covid takings are approximately £4,000 - £5,000 per week.
The business is currently operated on limited hours as a community venue with the sales split 70/30 in favour of drink. It offers an opportunity for a new operator to create a destination venue with the increase of opening hours. The business would be suitable for a first-time buyer.
It is our understanding that net turnover for the year ended 2019 was £200,000, with a net profit of circa £45,000 per annum. Further accounting detail will be made available to serious parties following a formal viewing. Post Covid takings are approximately £4,000 - £5,000 per week.
Tenure
FREEHOLD £300,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
OR ALTERNATIVELY
A NEW LEASE ON THE FOLLOWING TERMS:-
LEASEHOLD - £20,000 to include fixtures & fittings and goodwill. Stock at valuation in addition.
TERM - Six years.
LANDLORD & TENANT ACT 1954 - Inside Part II of the 1954 Landlord & Tenant Act.
ASSIGNABILITY - Fully assignable subject to Landlord’s consent.
DEPOSIT - The successful applicant will be required to lodge in advance with the freeholder a deposit equivalent to 3 month’s rent.
RENT - Annual rent £23,000 paid monthly in advance
RENT REVIEW - Subject to rent reviews every third year of the term
REPAIR LIABILITY - Full repairing and insuring lease agreement.
TIE - Free of all trade ties.
INSURANCE - The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT - VAT will not be payable on the Premium or rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
OR ALTERNATIVELY
A NEW LEASE ON THE FOLLOWING TERMS:-
LEASEHOLD - £20,000 to include fixtures & fittings and goodwill. Stock at valuation in addition.
TERM - Six years.
LANDLORD & TENANT ACT 1954 - Inside Part II of the 1954 Landlord & Tenant Act.
ASSIGNABILITY - Fully assignable subject to Landlord’s consent.
DEPOSIT - The successful applicant will be required to lodge in advance with the freeholder a deposit equivalent to 3 month’s rent.
RENT - Annual rent £23,000 paid monthly in advance
RENT REVIEW - Subject to rent reviews every third year of the term
REPAIR LIABILITY - Full repairing and insuring lease agreement.
TIE - Free of all trade ties.
INSURANCE - The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT - VAT will not be payable on the Premium or rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held permitting the sale of alcohol during the hours of 11am to 01.00 am - Monday to Saturday and 12 noon to 01.00am - Sunday.
Opening hours are 5pm to 12 midnight - Monday to Thursday, 4pm to midnight - Friday and noon to midnight - Saturday & Sunday.
Opening hours are 5pm to 12 midnight - Monday to Thursday, 4pm to midnight - Friday and noon to midnight - Saturday & Sunday.
Services
All mains services are connected. The property benefits from being double glazed and includes a fire alarm & 2 camera CCTV security system and newly fitted emergency lighting.
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Enquire about this listing
Ray Vilka
Yorkshire
