FOOD PUB WITH ROOMS in York for Sale.
A historic coaching inn in the heart of Clifton in York, prominently situated right on The Green. A no expense spared renovation in 2022 costing in excess of £400,000 transforming this tired old pub into a chic and contemporary venue with outstanding internal and external areas including an open plan restaurant with designer inspired features such as polished concrete and restored antique oak floors, modern décor, furniture and lighting. The former stable has been converted into a wine cave with its own bar for private events, a glazed atrium providing covered and heated outdoor seating with electronically retractable awning, and an open terrace overlooking the green for those hotter months. The wine cave is linked to the main building via this glazed pergola with sliding glass panels and retracting roof. Superbly designed and very functional, tying in all customer areas of the pub and restaurants. The original concept was to have a very contemporary fine dining restaurant, a retail delicatessen, a function space with dedicated bar and ten luxury en-suite guest rooms. All of the ground floor areas have already been completed in readiness to trade, leaving just the guest rooms to be completed by enterprising new owners who wish to take advantage of the shortage of available guest rooms in and around York. The location, in close proximity to the racecourse, York Hospital, the National Railway Museum and the City of York, would undoubtedly guarantee a tremendous amount of demand for its guest rooms once completed.
THE PROPERTY - Held on a secure lease for 20 years from June 2021 and incorporating a very beneficial option to purchase the freehold interest in the property from the landlord at a very attractive price, well below its actual market value. This is a large property on a site of circa 934 sq m (10,000 sq ft) with potential for a residential development scheme (subject to planning) to the rear car park. The option to buy the freehold would be favourably considered by the landlords who have expressed a wish to sell the property.
THE BUSINESS - Given the very short time the business has been operating since its refurbishment, no formal accounts are available, although the owners can provide evidence of the capital invested in the refurbishment of the property. Annual turnover £410,000. This is an outstanding opportunity for hospitality professionals to finish the scheme and take advantage of the substantial investment already put into the property. We highly recommend that interested parties make a viewing arrangement, as the photos in this brochure do not do justice to the quality of the works undertaken in the property. EPC Band C.
