Charming Village Inn For Sale

Business description

A STUNNING CLASSIC INN, RIGHT AT THE CENTRE OF “HEARTBEAT” COUNTRY IN THE THRIVING VILLAGE OF CASTLETON ON THE NORTH YORKSHIRE MOORS.


> Turnover for the year ended 2007 £288,310 Inc V.A.T. 75% wet, 21% dry and 4% accommodation with calculated net operating profits available of £74,000.
> 5 delightful en-suite letting rooms with charming views over the village and surrounding countryside.
> Exposed stone, low oak beams, open fires to Locals bar (50) Restaurant (20) Games room (16) with excellent catering kitchen.
> Large beer garden with the most beautiful views over the north Yorkshire moors national park.
> Owner’s accommodation comprising of 2 bedrooms a bathroom and sitting room.
> 10-year fully renewable partially tied lease, landlord and tenant protected.

THERE CAN BE FEW BUSINESSES OFFERING SUCH A COMPLETE PACKAGE AND IN SUCH A BEAUTIFUL LOCATION AS THIS WITH BAGS OF POTENTIAL TO DEVELOP TRADE FURTHER OFFERED FOR SALE BY WAY OF A LEASE ASSIGNMENT AT £48,500 TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.


“Back page”
LOCATION (YO21 2EE)
Located in the heart of Castleton high on the North Yorkshire Moors famous for ‘Heartbeat’ and ‘Herriot’ within minutes of Whitby, Sands end and Robin Hood’s Bay, Sandsend and to the south the market towns of Pickering Kirkby moorside and Helmsley. The pub sits in the route for the coast-to-coast walk and altogether offers so much to tourists and walkers alike. The village of Castleton is the largest in the moorland area with shops and a bank so has a good population to support throughout the winter months. Although with the much milder winters the tourist trade and indeed the walkers are to be found all year round supported by the winter shooting season and steam railway enthusiasts who visit the north Yorkshire moors railway running through the village alongside the river below the village.


PROPERTY DESCRIPTION
Build of local stone under a pan tile roof the property forms part of the south side of the main street running through the village, with access to the right hand side of the premises for cars. The property dates back to the 17th century and just oozes character and charm, once owned by the estate of Lord Downe who still is a major landowner in the area. The MAIN LOCALS BAR (50) has exposed stone walls and beamed ceiling with an open fire at one end the bar faces to the front of the building and there are four Yorkshire slider windows looking out in the main Village street. The GAMES ROOM (16) complete with pool table is to the rear of the bar and would we believe be better suited to being a dining area with a capacity of (20) covers. The RESTAURANT (20) has exposed stone walls and open fire being adjacent to the rear entrance and a FULLY EQUIPPED CATERING KITCHEN. There are ladies and gent’s w.c’s .


GUEST LETTING ROOMS
On the first floor is the FIVE LETTING BEDROOMS ALL EN-SUITE. These are all done in a farmhouse style an offer a comfortable facility for weary walkers or tourists alike.

OWNERS ACCOMMODATION
The owner’s accommodation comprises of two double bedrooms a bathroom and a sitting room. The apartment is located on the 2nd floor and has been created from the attic so has many period features.

EXTERNALS
To the rear of the premises are the car park 6 cars and a stunning beer garden with stupendous views over the surrounding dale and moors looking back toward Blakey ridge. To the front of the building there is a cobbled area with room for up to four picnic benches.

PREMISES LICENSES
The premises benefit from licensing hours from 10 am Monday to Saturday until 12 midnight and 12 noon until 11 pm Sunday. A personal licence would be required and our training associates would be only too pleased to assist in this matter.


TENURE
We are instructed to offer the business fro sale by way of a leasehold assignment of a 10 year lease from Punch Pub Company and the rental is £37,158 p.a. The lease is partially tied and protected under the Landlord & Tenant Act being fully renewable at its end for a further 10 year period and under no less favourable terms and at no further cost. Rates payable of £t.b.c.p.a.


SERVICES
The property benefits from all the mains services Water, electricity, sewage and L.P.G and the central heating is also L.P.G. fired.

THE BUSINESS
Our clients since purchasing the lease have invested heavily in developing the trade and are just beginning to reap the benefits of there efforts, however due to ill health they are reluctantly having to retire. The business has been supporting not only our clients but also their extended family that have also lived at the pub. The local trade is excellent and the turnover for last year of £288,310 Inc V.A.T WITH 75% WET SALES 21% DRY AND 4% ACCOMMODATION shows how strong that trade has been. However the accommodation and food trade has not been exploited to the full, recently the pack horse company who transport luggage for the coast to coast walkers have started to use the rooms and we would expect to see a considerable increase in room income not to mention the spin off for food and beverage with resultant income at 50% occupancy and current achieved room rate delivering a room income for the year of £41,000 and a similar increase in food and beverage brining the total income for the year to circa £376,000 inc V.A.T. The one other major factor here is the quality of life one would have living in one of the country’s most beautiful areas in a thriving village community.



WHY NOT “HAVE IT ALL” WITH THIS SUPERB MOORLAND VILLAGE INN LOCATED WITHIN THE FAMOUS ‘HEARTBEAT COUNTRY’ CLOSE TO WHITBY AND WITH STUNNING VISTAS ALL AROUND.

Property information

Property:

Leasehold

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