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Guesthouse Restaurant Function Venue With Eight Letting Rooms For Lease

Leeds, West Yorkshire, UK
Asking Price:
£79,999
Turnover:
£137,000
Net Profit:
Available on request

• Guesthouse, restaurant & function venue
• 8 Good sized letting rooms (all ensuite)
• located in sought after West Yorkshire village
• 2 Function rooms & 60 cover restaurant
• Licensed wedding premises
• Excellent trading location near Leeds/Bradford Airport
• Owners apartment
• Good size customer car park
• Valuable inventory of quality fixtures & fittings
• Genuine reason for sale

Falcon Commercial is delighted to offer for sale this well-presented Public House which occupies a prime trading position in the centre of this sought-after West Yorkshire Village. It dates back to 1864 and has been under the proud ownership of our clients since 2018 during which time they have made considerable improvements and refurbishments to the premises. It is now reluctantly being placed on the market due to a change in the owner's circumstances.

During our client's stewardship, the business has built up an excellent reputation for its welcoming atmosphere, good food and great service.

This long-standing and turnkey opportunity are mainly operated as a multi income business and has huge scope for successful trade as a B&B, bistro, restaurant and function events venue. It stands on a generous site and has gardens and parking.

Our clients run the business with help from casual staff and generate a turnover in the region of £137,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover by possibly extending the food offering.

This rarely available opportunity is not to be missed, and early negotiations with Falcon Commercial come highly recommended

Property Information

Property:

Leasehold

Lease Terms:

We are advised that the business comes with the benefit of a secure lease which is for 20 years and has 17 years remaining.

Leasehold Rent:

£36,000 per annum

Living Accommodation:

• Lounge
• Kitchen
• Bedroom
• Bathroom

Location:

Peasehill House is located in Rawdon near Leeds. It's just off Harrogate Road which experiences high traffic movements and heavy footfall. The businesses benefits from being positioned centrally to Leeds, Bradford and Harrogate. Surrounding affluent areas such as Ilkley, Guiseley and Horsforth are close by.
Peasehill House is also only 2 miles from Leeds Bradford Airport. It is also within close driving distance to Bradford and Horsforth golf clubs as well as several churches and crematoriums making it suitable for functions and events.

Premises Details:

Substantial and well-maintained building, benefiting from gardens and parking.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation.
The premises briefly comprise:

Business Accommodation
• large entrance hall
• Guest lounge and breakfast room with a private bar suitable for up to 20 covers.
• 60 cover restaurant frequently used as a function/events space with a private bar
• Kitchen

Letting rooms (all en suite)
• 4 Double rooms
• 2 Single rooms
• 1 King/family suite
• 1 Twin room

Owners Accommodation
• Lounge
• Kitchen
• Bedroom
• Bathroom

External
• Car park for approximately 16 cars
• Private terrace patio to the rear
• Elevated gardens to the front

Contact Falcon Commercial

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