White Swan Hotel In Hunmanby For Sale

Business description

The White Swan Hotel is situated in the popular village of Hunmanby, which is only a few miles inland from the East Coast of Yorkshire, Filey being within 3 miles of the village. The property is extremely well presented and there is a good range of trading rooms, comprising Lounge Bar, Public Bar, Breakfast/Dining Room and 48 cover Restaurant, complemented by a total of 10 Bedrooms, 5 of which are currently used for Letting purposes, each having an en-suite facility. Externally there is a large Car Park, as well as a range of former Stables, which are ideally suited to conversion to create further Letting Rooms or Holiday Cottages. The business has been developing well in recent years, building an improving reputation for its catering operation in particular, yet there is still potential to maximise sales further.

Property information

Property:

Leasehold

Lease terms:

The property is the subject of a lease dated 20 February 2004 from Enterprise Inns PLC, being for a term of ten years, at a rent of £20,000 per annum, exclusive, without further review. There is provision for annual indexation increases on the rent, plus a cyclical rent review at the end of the fifth year of the term. The lease is of a full repairing and insuring nature, although there is a schedule of condition attached limiting the tenants liability to maintenance of certain parts of the property. There is a full tie in place, being in respect of the sale of all draught and bottled beers, stouts and ciders, as well as flavoured alcoholic beverages, wines, spirits and minerals and a discount of £60 per barrel receivable.

Leasehold rent:

£20,000 per annum

Living accommodation:

Four Bedroomed Private Living Accommodation

Location:

Situated in the popular village of Hunmanby, which is only a few miles inland from the East Coast of Yorkshire.

Business Operation

Trading hours:

11am until Midnight each day, Sundays noon until 11.30pm

Employees:

The business has been operated by a partnership of four, three of whom play a full time role in the business and one part time role. In addition there is one full time employee plus two or three part time staff undertaking general duties and working variable hours.

Other information

Related documents:

• 
• Sale Particulars