Red Lion, Merchantgate, York, YO1 9TU
Tenure: Leasehold
For Sale £175,000 Leasehold Business for sale (ref 17)
BEST AND FINAL OFFERS BY TUESDAY 10TH DECEMBER AT 5PM
Leasehold pub providing a detached two-story property of brick construction with colour washed elevations under a pitched roofs. A traditional public house with ground floor trading and good outside spaces catering for a mixture of regular locals and tourists and a good mix of wet and dry trade.
Unique and Historic Public House in the City Centre of York Within the Walls
Traditional and Characterful Interior with Multiple Trading Areas
Excellent Outside Spaces with Ample Outside Seating Areas
Three Bedroom Owners Accommodation
Good Mix of Wet and Dry Trade with Strong Consistent Turnover and Profits
Free of Tie Lease
Superb location within the city walls of York. Close to both the main tourist areas and shopping precinct with good footfall throughout the year. York is one of the most visited places in the country with an estimated figure of 8.9 million people a year.
The following floors have been measured in accordance with the prevailing RICS Code of Measuring Practice.
Ground Floor –
Front Entrance Lobby leading to –
Main Bar – 5.163m x 3.955m – Mixture of wood and carpeted flooring, exposed beam work and exposed brick fireplace.
Front Bar – 5.173m x 4.192m – Carpeted flooring, perimeter seating, bar server and features including stained glass windows, exposed beams and brick fireplace.
Back Bar – 5.120m x 4.289m – Wood flooring, brick fireplace with inset gas fire.
Snug – 3.683m x 4.231m – Wood flooring, fireplace range and exposed beam work.
Catering Kitchen – 3.853m x 1.932m – Fitted with a range of stainless-steel fittings and extraction.
Ladies and Gents Customer Toilets
First Floor –
Bedroom 1 – 4.533m x 5.233m – Radiator and features including beam work and fireplace.
Bedroom 2 – 3.767m x 3.262m – Radiator.
Bedroom 3 – 3.103m x 2.584m – Radiator and exposed beam work.
Lounge – 4.898m x 3.879m widening to 4.909m – Radiator.
Kitchen – 3.685m x 3.451m – Fitted with a range of base units and lino floor covering.
Bathroom – 2.134m x 2.423m – Three-piece suite with shower over the bath.
Office – 1.887m x 4.477m – Radiator.
Hallway – 4.692m x 3.244m – Combi boiler located in this space.
Spirit Store
External –
Beer Cellar – 4.489m x 3.180m
Outside storage rooms
Ample outside split level beer garden with seating on picnic benches and incorporating two covered smoking shelters.
Parking for two vehicles to the front and further customer seating.
After many years our client is selling their leasehold interest in the property to allow them to retire. The business is easily managed by the owners and staff with the main focus on wet sales. Food is also offered and in recent years the kitchen has been franchised out and operated independently, with our client taking a rent.
Trade is drawn from a strong mixture of regular locals and the high numbers of visitors to the city every year. It has a prime and highly visible location close to both the main tourist and shopping areas. A further significant boost to business is seen during the summer months with the extensive outside seating.
It has the distinct advantage of being free of tie, enabling the leaseholder to source their wet stock from whomever they choose and to secure the best possible prices. The business shows a strong and consistent level of turnover in the region of £12,000 to £14,000 per week net of VAT including food sales. More detailed accounting information will be made available to interested parties after viewing the property.
Tenure: Leasehold
For Sale £175,000 Leasehold Business for sale (ref 17)
Traditional and Characterful Interior with Multiple Trading Areas
Request details
Fields marked with an asterisk (*) are required.
Request more information about this property or register your interest.
Other properties you may like
Red Lion Inn, 28 High Street, Cloughton, Scarborough, North Yorkshire, YO13 0AE
Tenure: Leasehold
For Rent £20,000 PA
Rocklands Lodges, Wrelton, Pickering, North Yorkshire , YO18 8HE
Tenure: Freehold
For Sale £2,500,000
Sprinkles, 84 Church Street, Whitby, North Yorkshire, YO22 4BH
Tenure: Leasehold
For Sale £29,950 Leasehold Business for sale
Coachman Inn, Pickering Road West, Snainton, Scarborough, North Yorkshire, YO13 9PL
Tenure: Freehold
For Sale £795,000