Bar for rent

pe19 6ha


£792,000 per year
£66,000 per month
S.O.A.

Features

  • 2 Function rooms & 60 cover restaurant
  • 8 Good sized letting rooms (all ensuite)
  • Excellent trading location near Leeds/Bradford Airport
  • Genuine reason for sale
  • Good size customer car park
  • Guesthouse, restaurant & function venue
  • Licensed wedding premises
  • Located in sought after West Yorkshire village
  • Owners apartment
  • Valuable inventory of quality fixtures & fittings

Description

Well-presented Public House which occupies a prime trading position in the centre of this sought-after West Yorkshire Village. It dates back to 1864 and has been under the proud ownership of our clients since 2018 during which time they have made considerable improvements and refurbishments to the premises. It is now reluctantly being placed on the market due to a change in the owner’s circumstances.


During our client’s stewardship, the business has built up an excellent reputation for its welcoming atmosphere, good food and great service.


This long-standing and turnkey opportunity are mainly operated as a multi income business and has huge scope for successful trade as a B&B, bistro, restaurant and function events venue. It stands on a generous site and has gardens and parking.


Our clients run the business with help from casual staff and generate a turnover in the region of £137,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover by possibly extending the food offering.


Location


Peasehill House is located in Rawdon near Leeds. It’s just off Harrogate Road which experiences high traffic movements and heavy footfall. The businesses benefits from being positioned centrally to Leeds, Bradford and Harrogate. Surrounding affluent areas such as Ilkley, Guiseley and Horsforth are close by.


Peasehill House is also only 2 miles from Leeds Bradford Airport. It is also within close driving distance to Bradford and Horsforth golf clubs as well as several churches and crematoriums making it suitable for functions and events


The Premises


Substantial and well-maintained building, benefiting from gardens and parking.


The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation.


The premises briefly comprise:


Business Accommodation



  • large entrance hall

  • Guest lounge and breakfast room with a private bar suitable for up to 20 covers.

  • 60 cover restaurant frequently used as a function/events space with a private bar

  • Kitchen


Letting rooms (all en suite)



  • 4 Double rooms

  • 2 Single rooms

  • 1 King/family suite

  • 1 Twin room 


Owners Accommodation



  • Lounge

  • Kitchen

  • Bedroom

  • Bathroom



External



  • Car park for approximately 16 cars

  • Private terrace patio to the rear

  • Elevated gardens to the front


Business Details


Turnover



  • £137,000 Per year


Business Rates


Business rates payable: TBC


Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk


Stock


The business stock value is: Nil


Staff


The business is run by the proprietors with help from a dedicated team of part-time staff who work on an “as required” basis.


EPC


Commercial Energy Performance rating: C


Tenure


We are advised that the business comes with the benefit of a secure lease which is for 20 years and has 17 years remaining. The current rent payable is £36,000 per year.


Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website:  www.leasingbusinesspremises.co.uk


Fixtures, fittings & affects


Normal fixtures and fittings associated with this type of property are included in the sale. A detailed inventory of trade fixtures and fittings will be supplied prior to the exchange of contracts.


Legal Costs


Each party to bear their own legal costs incurred in the transaction. This may not include the landlords


Accounts


Accounts will be provided to genuine purchasers after a formal viewing


Viewing


Strictly by appointment with the vendor’s agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081


Categories

Bars
Call
Property reference
CP4383481_4