Lucrative Pub And Letting Rooms In Selby For Sale

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:

New

Lease Terms:

LEASEHOLD: £7,500 plus VAT to include fixtures and fittings
TERM: Seven years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
BOND: A bond equivalent to three months’ rent in advance
RENT: Year 1 - £35,000 plus VAT per annum
Year 2 - £40,000 plus VAT per annum
Year 3 - £50,000 plus VAT per annum
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Full repairing and insuring lease
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will be payable on the Premium and rental payments

Leasehold Rent:

£35,000 per annum

Location:

The Blackamoor Head is situated in Selby town centre, nestled between the cities of York, Leeds, Hull and Doncaster. Selby is one of the fastest growing towns in the UK and lies approximately 15 miles south of York and 20 miles east of Leeds. It is a popular residential centre for those working in and around East Yorkshire, as well as the cities of York and Leeds. The area is undergoing vast amounts of residential and commercial development.

The Blackamoor Head occupies a three storey, character terraced building of brick construction under a pitched slate roof.

Premises Details:

TRADE AREAS
MAIN BAR AREA
To the front of building is the MAIN BAR AREA with ample seating, tables, dance floor, stage and LARGE WOODEN BAR SERVERY. To the rear is a smaller bar area, currently used as a DANCE FLOOR, with DJ BOOTH, disco lighting, seating and its own small servery.

Located on the first floor is a third trade area, currently operating as a function room and serviced by its own servery. This could easily be used as a full time trade area.

BASEMENT
The basement contains the drinks CELLAR and lots of storage.

LETTING ACCOMMODATION
The first and second floors comprise 10 BEDROOMS: three DOUBLE ROOMS with EN-SUITES and seven with shared facilities (three BATHROOMS and a shared KITCHEN AREA).
There are ten lettings rooms in total.

EXTERNAL
To the rear of the property is a large, sheltered patio/smoking area and a large first floor roof terrace located off the upstairs trade area.

Licence:
A full Premises Licence is held

Services:
All mains services are connected.
Local Authority
Selby district council
Civic Centre, Doncaster Road, Selby, North Yorkshire, YO8 9FT
Current rateable value from 1 April 2023 to present: £51,000

The business has been hitherto let on a traditional commercial lease and therefore no trading accounts are available. Prospective purchasers will need to reach their own conclusion as to the potential trade and profitability which can be enjoyed at this outlet.

Other Information

Leasehold asking price:

£7,500 - Furniture / Fixtures included