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Leasehold pub in York

Market Place, Helmsley, York, North Yorkshire YO62 5BL | Ref: 2797
For sale
£125,000
To rent
£60,000 p.a.
sidney-phillips
This property is marketed by:
Sidney Phillips

Key Features

  • Market Town location
  • 19th century public house
  • Large open plan trade area
  • Five en suite letting rooms
  • Private accommodation 
  • Net turnover of £625,000

Location

Located in the historical market town of Helmsley, accessed via the A170 and 15 miles east of Thirsk, North Yorkshire. The town lies on the outskirts of the North York Moors National Park and enjoys a thriving tourist trade. Surrounded by famous attractions and nearby towns and cities such as Malton and York, Helmsley is an excellent place to stay to explore this wonderful part of England. With its recent population growth and thriving tourist industry, the hotel presents a sound investment opportunity. Its pub is very popular with locals and tourists alike. 

The property is an end of terrace public house situated in a busy market town. It is a three-storey property understood to date from the early 19th century and is of stone construction under a pitched slate roof.

Tenure

LEASEHOLD £125,000 to include goodwill, fixtures and fittings. Stock at valuation in addition. 

The property is held on a new, full repairing and insuring lease from Marston’s Brewery for a term of ten years, commencing in April 2024. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable.

Rent currently stands at £60,000 per annum paid monthly in advance. An incoming party will be required to provide a rental deposit to the Landlord in advance plus personal guarantees. The lease is fully tied on wet products.