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.
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
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:
Letting rooms (all en suite)
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
The business stock value is: Nil
The business is run by the proprietors with help from a dedicated team of part-time staff who work on an “as required” basis.
Commercial Energy Performance rating: C
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.
Each party to bear their own legal costs incurred in the transaction. This may not include the landlords
Accounts will be provided to genuine purchasers after a formal viewing
Strictly by appointment with the vendor’s agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081