York Place, Scarborough YO11 2NP – Scarborough
Leisure property for sale
£30,000 1,500 sq ft
TOWN CENTRE LEASEHOLD BAR
• NO BUSINESS RATES PAYABLE!!
• FREE OF TIE
• LOW OVERHEADS
• PRICED TO SELL. ALL ENQUIRIES TO CPH
CPH COMMERCIAL are delighted to bring this popular leasehold bar to the market on behalf of the current owner who is reluctantly selling due to other business commitments. The bar is subject to 2 separate leases from Scarborough Borough Council, with the current rent payable equating £11,520pa. This is a fantastic opportunity to purchase the leasehold interest in a busy town centre bar which is situated on an established drinking route. Profit levels are good and could be increased upon by an enthusiastic operator. Great commercial opportunity.
Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. York Place lies within the heart of the town centre and on a well-recognised drinking route.
The property comprises a successful town centre bar spread across the lower ground floors of 2, grade II listed buildings. The bar is accessed down steps from street level into No 19 York Place. This spacious bar has recently undergone a refurbish programme and is finished to a high standard. Separate male and female toilet facilities are located to the rear of No 19 and a good sized cellar is located within No 18 with access for stock via a timber door direct from York Place. The bar also benefits from a small smoking area to the front.
Due to the current owners other business commitments, the bar currently only operates 4 nights a week and therefore there is huge scope to increase sales. Audited accounts are available to view to seriously interested parties who have viewed the premises.
The bar is rated for Business Rates as follows: RV - £5,000 The bar benefits from 100% Small Business Rates Relief.
This leisure property for sale is located in Scarborough.