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Royal George, Skelton-in-cleveland For Sale

Skelton-In-Cleveland, North Yorkshire, UK
Asking Price:
£25,000
Turnover:
Available on request
Net Profit:
Available on request

ROYAL GEORGE, SKELTON IN CLEVELAND

Excellent opportunity to take over the long-established Public House, with spacious trading areas. It has not only operated as a conventional Public House with wet sales, but in the past has offered catering, having a sizeable Restaurant. This could be used as a small Function Room facility. The trading areas also benefit from external ‘Beer Garden’ complementing the outlet.

Latterly the Royal George has focused on wet sales only, but catering could be re-introduced, with the re-fitting of the First Floor Catering Kitchen and Preparation Rooms. There is also Living Accommodation on the Second Floor.

TO LET – NIL PREMIUM
NEW LEASE – 10 YEARS ON FRI BASIS
FREE OF BEER TIE
RENT – HEADLINE £24,000 PER ANNUM WITH FLEXIBILITY

Popular village close to Saltburn-by-the-sea
Easy commuting distance to Teesside
Period property with original features benefitting from modern ground floor extension to trading area
Front lounge bar with servery
Restaurant/dining area for up to 70 covers
External beer garden and further trading area
First and second floor living accommodation/letting bedrooms/catering areas

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

The property is offered To Let by way of a new full repairing and insuring lease, for a term of 10 years. The Headline Rent for the property is £25,000 per annum, exclusive. The landlord however is prepared to be flexible with a rental structure over the first 3 years of the term, to give the incoming tenant, the opportunity to fully establish the business, particularly if it is intended to change the style ooperation from that of a public house with a food offering, to a restaurant or bistro with wet sales.
The incoming tenant will be required to contribute towards the Landlord’s legal costs in connection with the preparation and agreeing the form of lease, of £1,500 plus VAT.
A rent deposit of £5,000 will be required upon completion of the lease.

Leasehold Rent:

£25,000 per annum

Location:

On entering Skelton from the south/west on entering the village the property is easily found and prominently positioned on the left-hand side. On entering from the east, the property is found on the western side of the village, on the right-hand side.

Other Information

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