Annual T/O £650,000
Extensive & Valuable Properties
Substantial Investment Made
Additional Rental Income of £10,500 p/a
EPC Rating - C
This tremendous hotel is situated at the heart of Kirkbymoorside, a North Yorkshire market town that serves as a blueprint for the perception of a Moors town.
The George and Dragon, from an initial cursory glance, complements this image perfectly with a frontage that could grace any tourist guide book. This impression of a traditional Moors pub is even carried through to the bar and reception area, being as it is, an archetypal English Public House.
After this point however, The George and Dragon digresses completely from the stereotypical image, as leading from the bar area is a superbly presented dining area with approx 46 covers. The dining room shares far more with a city centre brasserie than a market town eatery. This is supported by a superbly equipped catering kitchen.
From here, and across a courtyard, is a converted Corn Mill, which provides the setting for 12 of the Hotel's en-suite letting rooms. After this, a short walk across the car park and through into the beautifully manicured gardens, a Manse style property provides an additional 8 letting rooms.
Adjacent to the 12 letting rooms are 2 wonderful Moors style cottages which are currently used by staff members although, previously, family members of the current owners have lived in these. These 2 cottages provide a rental income £10,500, which is in addition to the profits from the hotel.
These substantial and valuable properties provide any new owner with a secure foundation in terms of balance sheet value.
The business has been developed over the years by the current owners who are experienced hoteliers with corporate backgrounds. Upon their acquisition, there was little business to speak of in the way of turnover but this has grown over the years and even in times of an unstable economy has remained seemingly unaffected.
The net result is a business that is still growing and furthermore, producing excellent profits. To any operator it will be apparent that these profits have been continually reinvested into the hotel.
This is therefore an excellent proposition for acquisition, either as an addition to an existing portfolio or indeed, by another experienced owner/operator.Fixtures:
A full list of fixtures & fittings is available.
The George and Dragon comprises 5 separate properties: The Public House and restaurant with frontage onto Market Place which also includes the impressive owners accommodation. This adjoins other properties to one side with the entrance to the car park at the other and is set over 3 storeys. The Corn Mill, set over 3 storeys and containing 12 letting rooms, is separated from the front building by a courtyard. The Manse style property, with the remaining 8 Rooms, is again set over 3 storeys. Finally, the 2 Cottages are adjoining each other, each with 2 bedrooms and each over 2 storeys. The spacious owners accommodation is set on the first floor of the front building, consisting of a double ensuite bedroom, lounge, domestic kitchen and large double bedroom. The 2 Cottages are as stated above.
Location Details: Kirkbymoorside
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