Investment property for sale in Withernsea

This property is marketed by:
Sidney Phillips

Key Features:

• East Yorkshire Costal Village
• Detached public house
• Private car park
• Spacious owners accommodation
• Planning consent for re-development
• Investment potential

Location

The George & Dragon is situated in the quaint East Yorkshire village of Holmpton, 3.5 miles south of Withernsea, 19.5 miles south-east of Hull and less than one mile from the Yorkshire East Coast and the North Sea.

Holmpton benefits from a variety of notable landmarks and amenities including a nursery, Church dedicated to St Nicholas, village hall, a number of arable farms and the nearby Spurn National Nature Reserve. The nearby seaside resort town of Withernsea allows for larger shopping outlets, supermarkets, and fuel stations.

The George & Dragon occupies a two-storey detached brick building under pitched tile roof. The property benefits from being located on Main Road, where it is the only public house in the village.

It briefly comprises:

Property

TRADE AREAS

Side ENTRANCE HALL with stairs to the first floor accommodation and access to the MAIN BAR with seating for 36, part carpet flooring, part tiled flooring, brick feature fireplace with inset log burner, front entrance porch and access to Ladies & gentleman's TOILETS.

FUNCTION ROOM and COMMERCIAL KITCHEN (Benefitting from planning permission to convert into a two-bedroom bungalow, with large private garden and off-road parking).

PRIVATE ACCOMMODATION

FIRST FLOOR

KITCHEN. LOUNGE. FOUR DOUBLE BEDROOMS (two en-suite) and SEPARATE BATHROOM. (The first floor benefits from planning permission allowing conversion to create a one-bedroom managers flat, three en-suite double letting bedrooms and a double bedroom with dedicated bathroom).

EXTERNAL

Private COURTYARD with parking Separate CAR PARK & BEER GARDEN located the other side of Main Road, benefitting from parking for up to 20 vehicles.

The Business

The George & Dragon has been closed since 2018. The business previously traded as a destination freehouse attracting trade from the nearby caravan/holiday parks as well as destination diners and local village drinkers.

The property now benefits from planning permission allowing the creation of:

• Separate two bedroom bungalow.
• Separate two bedroom semi detached house.
• Four first floor B&B letting rooms and one bedroom managers flat.

All while maintaining the ground floor public house area.

No trade is sold or warranted. Historic trade accounts are not available. Prospective purchasers must make their own assumptions as to likely trade levels having due regard to the location and potential of the site. The property is sold as a vacant possession DEVELOPMENT opportunity.