The Bootham Tavern In York For Sale

Business description

A well placed outlet with a well-established customer base, on one of the main routes into the city centre, with heavy pedestrian flows at most times of the day and evening. Close to other licensed premises, which themselves form their own “circuit”. Comprising 3 Trading Rooms, with central Bar Servery, spacious 3 bed first floor Flat plus 2 recently created Letting Bedrooms with scope for 4 more. In very good internal order having been refurbished in the not too distant past with consistent levels of sales and takings, generating good levels of profit.
PRICE: £95,000 FOR THE LEASE, GOODWILL, FIXTURES & FITTINGS PLUS SAV

Property information

Property:

Leasehold

Lease terms:

The property is held by way of a lease for 15 years, commencing on 24 September 2001 from Punch Pub Company on effectively full repairing and insuring terms. The initial rental being £50,752.62 per annum, subject to indexation and five yearly rent reviews, the next one being due on 24 September 2011. The tenant is tied in respect of beer sales and takings from machine income. Free of Tie for wine and spirits.

Leasehold rent:

£40,000 per annum

Living accommodation:

3 Bed First Floor Flat

Location:

Well placed on one of the main routes into York City Centre.