Pubs for sale in Pickering

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £350000.00 Leasehold Price:
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Business Description
The Cayley Arms is situated on the A170 Scarborough to Pickering main road, with significant amounts of passing traffic at most times. The Cayley Arms is therefore well positioned to attract regular passing trade, as well as that to be drawn from a much wider area. It also has the benefit that Allerston is a sizeable village, from which local and regular trade can be drawn.

The Cayley Arms is an excellent business proposition, effectively comprising 3 separate elements. There is a solid regular wet sales operation from the bars, the restaurant and catering offering is varied, capable of being formal dining as well as for bar meals and the like, and additionally there are 5 Letting Bedrooms. The trade rooms comprise a Lounge Bar, Public Bar, Games Room, Restaurant, and Carvery Room. The whole is complemented by having a sizeable 2/3 Bedroomed Flat.

To the outside there are excellent facilities, including a forecourt Car Park area which is also adaptable for an external drinking facility, Beer Garden areas to the front and left hand side through which a stream runs, a sizeable rear Car Park, and a Stable Block which is currently used for general storage but could readily revert to stabling use.

This is an excellent opportunity for a partnership of two or more who have appropriate catering and licensee skills to take on such a diverse business, which can generate income from several different sources. Given the prominent location of the property it would be expected that the business as a whole can be significantly developed over future years.

TO LET: BY WAY OF A NEW LEASE; GUIDE RENT £30,000 PER ANNUM EXCLUSIVE ON FRI TERMS. THE TENANT WILL BE REQUIRED TO TAKE OVER THE INVENTORY TO BE ACQUIRED AT VALUATION ON DAY OF TRANSFER, PLUS STOCK AT VALUATION

OR FOR SALE: OFFERS OVER £350,00 FOR THE FREEHOLD BUSINESS GOODWILL AND FIXTURES AND FITTINGS
Tenure: Freehold, Leasehold

Location Details:

From Scarborough take the A170 towards Thirsk and Pickering and the property is prominently positioned on the right hand side on the main road. From the Pickering/Thirsk direction take that same road and the property is on the left hand side on entering Allerston. From the York/Malton direction take the A64, following signposts to Snainton and then Allerston, and on reaching the village continue to the A170, and the property is found directly in front of you.

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Listed by: Barry Crux & Co
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C1629
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