Millington, Pocklington, East Yorkshire, YO42 1TX
David CashSenior Business Agent - Licensed,Newcastle
+44 191 269 7025
+44 7736 621 023
[email protected]
At a glance
Freehold village pub/restaurant
Turnover Y/E April 2017 £328,443
Adjusted Net Profit c. £89,500
4 bedroom owner's accommodation
90 covers in bar & function room combined
Large car park to the rear. Energy Rating C
The Gait Inn
Ref: 5455321
Freehold: £545,000To Rent: £75,000Annual Rent: £25,000
This sustainable business has been in the hands of the current
owners for 12 years and continues to be profitable. The Gait Inn
has a main bar area and snug which can cater for up to 40 covers .
The function room and pool table area can cater for up to 50.
There is potential to extend the current opening hours and
introduce letting accommodation, if en suite facilities were added
to the three bedrooms above the inn, subject to obtaining planning
consent.
In February 2019 the kitchen had a significant refurbishment and
in March 2019 was awarded a 5* Food Hygiene Rating.
Internal DetailsFront bar, snug bar and function room, with part
panelled walls, beamed ceilings and bench seating with mixed
tables.
Ancillary areas include; a front porch, commercial grade
catering kitchen with full range of equipment, preparation room,
store room, rear entrance which leads to the first floor
accommodation, beer cellar and customer toilets.
Fixtures & FittingsWe are advised that the majority of
fixtures and fitting are owned outright and will be included in the
sale, subject to an inventory.
Lease OptionOur clients would consider the grant of a new, free
of tie lease to an experienced operator.
Terms & conditions are largely negotiable but the asking
premium for the business (to include fixtures & fittings and
goodwill) is £75,000 and the asking rent is £25,000 per annum.
External DetailsTo the rear of the property is a beer garden and
large car park with extensive secure storage.
Owner's AccommodationThe owner's accommodation comprises three
double bedrooms on the first floor. In a single storey extension on
the ground floor are: one double bedroom, office, lounge/ dining
room, kitchen and bathroom.
The OpportunityThe Gait Inn presents an opportunity for an owner
operator to take over a consistently profitable business and
replicate the success of the current owners. There is also
significant scope to increase trading hours and grow the business
by introducing letting accommodation at first floor level,
STPP.
Trading InformationTurnover year ended 5th April 2018: £305,636.
Adjusted Net Profit circa £79,587.
Trading HoursBar: Friday 12 -3pm, Saturday 12-4pm, Sunday
12-3pm. Evenings except Monday 6.30-11pm.
Food: Lunch: Fri/Sat/Sun: 12-2pm, evenings except Monday
6.30-9pm.
RegulatoryPremises licence
The Gait InnLocationThe Gait Inn is located in the village of
Millington which is situated on The Wolds Way, Minster Way and
cycle routes. Millington is c. three miles away from the thriving
and bustling market town of Pocklington with its vibrant town
centre, and wide range of leisure attractions. The historic city of
York is 18 miles away.
Ref: 5455321
Freehold: £545,000To Rent: £75,000Annual Rent: £25,000
Christie Insurance can arrange the right insurance cover at the
right price, backed up by our superb claims support.
For more information contact Christie Insurance on 0207 444 0040
or visit christieinsurance.com
Whether you’re considering commercial property for the first
time or are an experienced business-owner, it is important to
understand your finance options.
Contact your local Christie Finance Consultant on 0344 412 4944
or visit christiefinance.com
The Gait InnEnergy performance certificate
These particulars are a general guide to the property and are
not to be relied on as statements or representations of fact.
Purchasers should instruct professional advisers and rely on their
own searches, enquiries and inspections regarding the property and
any associated business. Neither Christie & Co nor any employee
is authorised to give any representation or warranty regarding the
property. Christie & Co for itself and for its client gives
notice that: (a) these particulars are made without responsibility
on the part of Christie & Co or the client and do not
constitute any part of an offer or contract; (b) Christie & Co
has not conducted a detailed survey or tested services, appliances
or fittings; and (c) any dimensions, floor plans and photographs
provided are for indicative purposes only.
Ref: 5455321
Freehold: £545,000To Rent: £75,000Annual Rent: £25,000
tel:0207%20444%200040http://www.christieinsurance.comtel:0344%20412%204944http://www.christiefinance.com