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The Old Grey Mare can be described in brief as follows:-
* Prominently positioned on a landmark point, Clifton Green.
* Main road into City Centre, approximately 1 mile distance.
* Affluent and popular residential area.
* Excellent trade mix from wet sales, catering and letting accommodation.
* Lounge Bar, Public Bar, Restaurant up to 45 covers.
* 11 Letting Bedrooms
* Potential to create further Letting rooms, and develop catering.
* Traded in same hands for over 25 years.
* Free of Tie lease.
For sale - £89,500 for the leasehold business and goodwill and trade fixtures, fittings, plus stock at valuation
The property is the subject of a lease of 15 years from 24 June 2014 at a rent of £62,500 per annum with the next rent review due on 24 June 2019. It is of a full repairing and insuring nature. The lease is Free of Tie and therefore all wet products may be purchased from any brewer or supplier.
£62,500 per annum
From York City Centre head out in a north westerly direction along Bootham, past Bootham School, St Peter’s School, and then reaching Clifton Green the property is the left. From the north on the York outer ring road at the A19 roundabout take the signpost into York, and after approximately 1½ miles there are traffic lights at Clifton Green and the property is on the right hand side immediately passing through those.
The outlet has been operated by the same family for over 25 years. There is one full-time proprietor, who is assisted with a full complement of full and part-time staff.
The Old Grey Mare attracts trade from over a wide area, and has a free of tie facility, which enables it to offer a wide range of beers.
There is also a catering facility which currently is “franchised” with an Indian Restaurant. This also operates with a “takeaway” facility. This also adds to the wet trade. The restaurant area also acts as a breakfast room, for those staying in the letting bedrooms. The catering operation can be readily taken back by the Licensee and operated in his own account.
The letting rooms have undergone a recent refurbishment, and continue to achieve excellent levels of occupancy. This business also uses the Old Grey Mare for food and drink requirements, thereby adding further to income.
The Old Grey Mare enjoys excellent levels of sales and hence profitability.
Financial and trading information will be supplied to seriously interested parties, following inspection and serious expression of interest.
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