Royal George, Skelton-in-Cleveland

  • Leasehold Price: £25,000
For Sale
Skelton, Teesside, England
Seller Ref:C2125
For Sale

Royal George, Skelton-in-Cleveland

Skelton, Teesside, England
Seller Ref:C2125
  • Leasehold Price: £25,000

Overview

Seller Ref: C2125

Description

ROYAL GEORGE, SKELTON IN CLEVELAND

Excellent opportunity to take over the long established Public House, with spacious trading areas. It has not only operated as a conventional Public House with wet sales, but in the past has offered catering, having a sizeable Restaurant. This could be used as a small Function Room facility. The trading areas also benefit from external ‘Beer Garden’ complementing the outlet.

Latterly the Royal George has focused on wet sales only, but catering could be re-introduced, with the re-fitting of the First Floor Catering Kitchen and Preparation Rooms. There is also Living Accommodation on the Second Floor.

TO LET – NIL PREMIUM
NEW LEASE – 10 YEARS ON FRI BASIS
FREE OF BEER TIE
RENT – HEADLINE £24,000 PER ANNUM WITH FLEXIBILITY

POPULAR VILLAGE CLOSE TO SALTBURN-BY-THE-SEA
EASY COMMUTING DISTANCE TO TEESSIDE
PERIOD PROPERTY WITH ORIGINAL FEATURES BENEFITTING FROM MODERN GROUND FLOOR
EXTENSION TO TRADING AREA
FRONT LOUNGE BAR WITH SERVERY
RESTAURANT/DINING AREA FOR UP TO 70 COVERS
EXTERNAL BEER GARDEN AND FURTHER TRADING AREA
FIRST AND SECOND FLOOR LIVING ACCOMMODATION/LETTING BEDROOMS/CATERING AREAS

Leasehold Terms:
The property is offered to let by way of a new full repairing and insuring lease, for a term of 10 years. The Headline Rent for the property is £25,000 per annum, exclusive. The landlord however is prepared to be flexible with a rental structure over the first 3 years of the term, to give the incoming tenant, the opportunity to fully establish the business, particularly if it is intended to change the style of operation from that of a public house with a food offering, to a restaurant or bistro with wet sales.The incoming tenant will be required to contribute towards the Landlord’s legal costs in connection with the preparation and agreeing the form of lease, of £1,500 plus VAT. A rent deposit of £5,000 will be required upon completion of the lease.
Number of Bedrooms:
2
Location Details:
On entering Skelton from the south/west on entering the village the property is easily found and prominently positioned on the left-hand side. On entering from the east, the property is found on the western side of the village, on the right-hand side.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
NA

Business Documents

C2125 - Royal George, Skelton-in-Cleveland

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