For Sale By Auction | 6.30pm , 15 May 2019 | Lot 3

The Marquis Of Granby, North Churchside, Easington, East Yorkshire, HU12 0TN

Sold £160,000

  • Pub
  • Tenure: Freehold. Vacant possession on completion.

Call the team on 0845 400 9900 for more information

Auction Date

Wed 15/05/2019

Auction Time

6.30pm

Auction Venue

Beverley Racecourse, York Road, Beverley, HU17 8QZ

This is an excellent opportunity to purchase a well established and profitable public free house with 40 covers, 4 letting rooms above the pub and 6 self contained holidays lets set in the courtyard to the rear of the property. The business is presented to a traditional level with excellent potential for sustained and future growth. This most attractive period property could also be converted for residential or a variety of other uses (subject to planning consent) and is an excellent investment opportunity for continuation of the current use.. Sale is due to a change in family circumstances. The property is a popular traditional pub and restaurant offering draught ales, beers and an excellent traditional menu to a large number of regular patrons, as well as general visitors to the area. The letting rooms above the pub have not been utilised by the current owners and therefore offer great scope for additional income. The six modern letting units are popular with holiday makers, workers at the Gas Terminals and locals looking for accommodation for visiting relatives and friends. The latest Management accounts show a turnover of over £3,000 per week.

Tenure

Freehold. Vacant possession on completion.

Situation

Situated in the stunning surroundings of Easington, a haven for bird watchers, this traditional public house is located just a short distance from one of the UK's main gas terminals where the pub benefits from the regular clientèle in the lettings rooms, a constant contributor to the businesses turnover. There are two local caravan sites in the village which offers passing trade. Having successfully operated in the village since 1750 and under current ownership for the last two years, this business has become highly renowned and earned itself an excellent reputation for offering a traditional pub feel.

Accommodation

Bublic Bar, Beer Cellar, Lobby, Grents WC, Ladies WC, Kitchen, Prep Room, Rear Porch. First Floor: Landing, Living Room, Bedroom One, En-Suite Bathroom, Kitchen, Bedroom Two, En-suite Shower Room, Bedroom Three, En-suite Shower Room, Bedroom Four, En-suite Shower Room, Bedroom Five, En-suite Shower Room. Separate Accommodation: Six Letting Rooms. Outside: A side vehicle access leads to a large parking area and a decked seating area.

Stock, Fixtures & Fittings.

The purchase price includes good will and fixtures and fittings relating to the running of the pub and letting rooms. Stock will be at valuation which will be valued independently and agreed between both parties prior to completion. The purchaser and vendor will each contribute to one half of the cost of the valuation. If the purchaser does not want to continue running the property as a pub then the vendors will run the stock down from exchange of contracts but the fixtures and fittings will still be included.

Accounts

Unaudited trading accounts are available for inspection upon request from the Sole Agents.

Joint Agent

Dee Atkinson & Harrison 56 market Place Driffield, YO25 6AW Tel: 01377 241919

Services

All mains services are connected.

Viewings

Strictly by appointment with the sole agents on 0845 400 9900.

Business Rates

Business rates are currently not payable under the small business rate relief scheme. Council tax is payable on the residential accommodation which is listed as being in Council Tax band A.

VAT

The purchase price of the property is subject to VAT however as it is being sold as a going concern, VAT would not be payable if the purchaser is VAT registered.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

East Riding of Yorkshire Council

Solicitors

HSR Law, 26/26a Hickman Street Gainsborough Lincolnshire DN21 2DZ, Ref: Mr Ryan Morgan, Tel: 01427 613831

Offered in association with

Dee Atkinson and Harrison

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.