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A CHARACTERFUL INN WITH LETTING ACCOMMODATION FOR SALE SET IN THE HEART OF THIXENDALE VILLAGE, NEAR TO MALTON, IN THE STUNNING NORTH YORKSHIRE WOLDS – OFFERED FREEHOLD OR NEW FREE-OF-TIE LEASE

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  • Unopposed Charming Inn set in the heart of the village of Thixendale in close proximity to the Yorkshire Wolds Way.
  • Traditionally presented and welcoming Bar/Trading area (circa 34).
  • 3 well-presented and proportioned en-suite Letting Rooms.
  • 3 Bedroom Owners Living accommodation.
  • Attractive rear Beer Garden (circa 20)
  • Advised turnover for y/e 06/18 was approx £135,000 (incl. VAT).
  • CAMRA award winning business, including Pub of the season.
  • Offered Freehold or new 10 year Free-of-Tie Lease.
A RARE AND EXCITING OPPORTUNITY TO ACQUIRE A THRIVING LIFESTYLE AND BUSINESS IN A TRULY IDYLLIC SETTING


ASKING PRICE £329,950 FREEHOLD OR £35,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

Thixendale is a civil parish in the Ryedale district of North Yorkshire, historically forming part of the East Riding of Yorkshire, it lies within the Yorkshire Wolds, around 20 miles east of the Historic City of York.

Thixendale lies around 9 miles south of the popular Market Town of Malton.

The Yorkshire Wolds Way, a 79 mile long distance footpath which runs from Hessle to Filey passes through the village. As a result, the business benefits from a steady stream of walkers wishing to take advantage of the letting rooms on offer.

The area has a curious undulating landscape which is a result of the Wolds forming part of a chalk belt running from the English Channel to Flamborough Head.

Thixendale and the surrounding farms have a combined population of 293 (201 Census)

THE PROPERTY

This traditional inn is of brick construction, under a pitched, tiled roof, occupying an excellent position in the heart of Thixendale.

The trading area is extremely welcoming and well presented in a traditional style.

A central bar serves an ‘L’ shaped trading area (circa 34), carpeted throughout and benefitting from an attractive mix of upholstered benches, chairs and free standing tables. The area is dual aspect to the front with an open fire.

Ladies and Gents W.C’s are accessed from the trading area.

There is a well-equipped commercial catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a wash up area.

Below Ground Floor Beer Cellar.

OWNERS ACCOMMODATION

The owner’s accommodation is situated on the 1st floor and briefly comprises: 3 bedrooms, lounge, kitchen and bathroom.

LETTING ACCOMMODATION

There is a large separate stable block to the rear of the property which houses 3 spacious and extremely well furnished en-suite letting rooms (one double and 2 twin) situated on the first floor. On the ground floor there is a laundry room and 2 spacious storage areas.

EXTERNAL

The business benefits from a good sized beer garden laid to lawn with seating for circa 20 provided by wooden benches.

Additional Ladies and Gents W.C’s are provided for patrons enjoying the beer garden.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon- Sat 11am to Midnight

Sunday Noon to Midnight

Current opening hours are:

Mon- Thurs 6.00pm to 11.00 pm

Friday-Sat Noon to 3.00pm & 6.00pm to 11.00 pm

Sunday Noon to 3.00pm & 7.00pm to 10.30pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business are being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10-year Private FRI Lease Agreement as follows-

1. The asking premium will be £35,000.

2. The initial annual rent will be £20,000.

3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.

4. Rent payable monthly in advance.

5. Deposit equivalent to 3 months' rent.

6. Lease re-assignable after initial 2-year period.

7. Free of all brewery and supply ties.

8. Each party responsible for own legal costs relating to the transaction.

9. Satisfactory references will be required on behalf of our vendor client.

10. We are advised that our vendor client may be agreeable to insert an ‘Option to Purchase' clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954.

We are advised that the inn benefits from mains electricity, LPG heating and a septic tank.

Business rates are advised as currently being £Nil per annum.

THE BUSINESS

The current owners purchased the business in 1986 and have enjoyed many happy and successful years’ operating this lifestyle business which is only being made available so that they can enjoy a well-earned retirement.

The business has secured excellent Trip Advisor ratings and has won numerous CAMRA awards.

New owners can continue to operate the successful business model in place, although opportunity exists to increase turnover by extending opening hours, especially during the summer months.

We are advised that declared turnover for y/e June 2018 was approx. £135,000 (inc VAT) with a trade split of 50% wet, 30% food and 20% accommodation.

Accounting information will be made available to interested parties after viewing.

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Prepared: September 2019.

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