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CPH COMMERCIAL are delighted to bring this popular leasehold bar to the market on behalf of the current owner who is reluctantly selling due to other business commitments. The bar is subject to 2 separate leases from Scarborough Borough Council, with the current rent payable equating £11,520pa. This is a fantastic opportunity to purchase the leasehold interest in a busy town centre bar which is situated on an established drinking route. Profit levels are good and could be increased upon by an enthusiastic operator. Great commercial opportunity.
Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. York Place lies within the heart of the town centre and on a well-recognised drinking route.
The property comprises a successful town centre bar spread across the lower ground floors of 2, grade II listed buildings. The bar is accessed down steps from street level into No 19 York Place. This spacious bar has recently undergone a refurbish programme and is finished to a high standard. Separate male and female toilet facilities are located to the rear of No 19 and a good sized cellar is located within No 18 with access for stock via a timber door direct from York Place. The bar also benefits from a small smoking area to the front.
We have measure the property in accordance with the RICS Code of Measuring Practice 6th Edition and can confirm that the property extends to the following approximate gross internal area: 1500 sq ft
We understand that the property has an A4 (Drinking Establishment) use, in terms of the Use Class Order 1987.
Due to the current owners other business commitments, the bar currently only operates 4 nights a week and therefore there is huge scope to increase sales. Audited accounts are available to view to seriously interested parties who have viewed the premises.
An inventory of fixtures and fittings to be included in the sale is being prepared by our client and will be available to view to seriously interested parties who have viewed the premises.
To be inserted once received
The bar is rated for Business Rates as follows: RV - £5,000 The bar benefits from 100% Small Business Rates Relief.
Both leases are available to view at our offices to seriously interested parties who have viewed the premises.
All figures quoted are exclusive of VAT however, our client reserves the right to charge VAT if applicable.
By appointment only via the Sole Agents: CPH Property Services 19 St. Thomas Street Scarborough North Yorkshire YO11 1DY Contact: Joe Walker MRICS Tel: 01723 352235 Email: firstname.lastname@example.org