BUSY PUB WITH BUILDING DEVELOPMENT POTENTIAL in Pontefract for Sale.
The Olde Tavern is a very traditional pub. It is located on a busy main road close to Pontefract town centre, the racecourse and famously King Richard III favourite castle. Surrounded by commerce and lots of industry, as well as densely populated residential communities, the pub enjoys a good level of trade throughout the day. The site also has tremendous development potential, given its size and location.
THE BUSINESS - Very popular with families for its all-day carvery, large beer garden and bird aviary attraction. The pub enjoys an almost perfect 50/50 split between food and wet sales and has average weekly takings of £10,000 to £12,000, showing enviable net profits. The pub would suit any style of operation, be it a sports pub or alternative food restaurant. The owner has operated the pub very successfully for the last 12 years, but now needs to sell, as he has a specific health condition that will limit his ability to effectively work within the business.
THE PROPERTY - Internally, the building has an expansive internal space measuring approximately 438 sq metres (4,712.6 sq ft) to include a superbly equipped commercial kitchen capable of putting out 300+ Sunday dinners, a spacious dining area accommodating 80 customers, darts and pool rooms, lounge bar. Private, self-contained owners / managers accommodation on the first floor with kitchen, lounge, two double bedrooms and house bathroom, all recently refurbished. Decked terrace with seating and a large beer garden with children’s play area and bird aviary. Several parking spaces, plus an agreement with a neighbouring business to use additional parking spaces evenings and weekends.
DEVELOPMENT POTENTIAL - The entire site is approximately 0.37ac (16,152 sq ft) and would therefore be of obvious interest to developers looking to build a residential scheme on the site. Provisional architects’ plans have been drawn up and it is believed that there is adequate space for ten to twelve homes on the site, subject to planning consent.
