Freehold Leasehold Hotel And Bar Restaurant For Sale

Business description

Advent Business Sales have been instructed to offer for sale this long established and popular hotel with excellent further potential.

Established 23 years ago by the vendor, it is now reluctantly offered for sale due to the vendor’s retirement plans.

This popular hotel occupies a substantial three storey premises with the ground floor given over to bar and large restaurant area, with a total of 80 covers. The first and second floors separated into accommodation consisting of 12 rooms, with 2 used as living accommodation by the vendor, leaving a further 10 as letting rooms.

The business being well located adjacent to the town centre and also close to the industrial area of Pontefract ensures a high level of occupancy.

The ground floor restaurant has proved extremely popular in the past; however, due to the retirement plans and effectively winding down, the vendor currently does not operate the restaurant business.

The premises are decorated to a good standard throughout, operated free of tie and staffed by a family team.
ref:8289WF

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Freehold

Lease terms:

Freehold/Leasehold
Leasehold £75,000 + SAV
Lease to be negotiated with vendor
Rent £30,000 per annum
We are advised that the current business rates are £2,811.50 per annum

Living accommodation:

BUSINESS PREMISES A substantial three storey premises with double frontage located in a parade with the added security of internal and external CCTV system and consisting of the following: Lower Floor - Cellar area consisting of large storage area, chilled cellar room, boiler room with 2 separate boilers, store room and office with CCTV system. Ground Floor - Double frontage with central entrance leading to bar lounge area with bar severy leading to - Restaurant area total of 87 covers - Fully equipped stainless steel commercial kitchen - Ladies and gents w/c - Door to enclosed yard - Fire exit to rear of premises - Doorway with access to cellar area - Doorway with access to upper floors First Floor - Separate secondary fire exit leading to first floor front of premises plus 4 single letting rooms with en-suite shower/bathrooms decorated to a good standard with coffee making facilities and TV - Self contained living accommodation consisting of: lounge with French door access onto large roof terrace, large double bedroom, and bathroom. Second Floor - Double en-suite bedroom - 2 x twin bedrooms (1 with en-suite) - Single bedroom - Bathroom - Second area which can be self contained consist of: single bedroom, double bedroom, bathroom, hallway, fire exit leading down to first floor and subsequently front of ground floor of premises

Location:

The premise occupies a prime central location in the busy West Yorkshire town of Pontefract. The immediate locality consists of bars, pubs, restaurants and shops.

There are excellent parking facilities around this market square area with pay and display parking plus free customer parking to the rear of the premises.

There are excellent transport links with the hotel being located less than 100 yards from the main ring road and ‘A’ roads through Pontefract.

Business Operation

Expansion potential:

There is excellent potential for growth and expansion including full operation of the restaurant area. This is also potentially an excellent venue for weddings, conferences etc

Trading hours:

7 Days a Week

Other information

Related documents:

• 
• Sales Particulars

Leasehold asking price:

£75,000