Finkle Street, Selby, North Yorkshire, YO8

TRADE AREAS
MAIN BAR AREA
To the front of building is the MAIN BAR AREA with ample seating, tables, dance floor, stage and LARGE WOODEN BAR SERVERY. To the rear is a smaller bar area, currently used as a DANCE FLOOR, with DJ BOOTH, disco lighting, seating and its own small servery.

Located on the first floor is a third trade area, currently operating as a function room and serviced by its own servery. This could easily be used as a full time trade area.

BASEMENT
The basement contains the drinks CELLAR and lots of storage.

LETTING ACCOMMODATION
The first and second floors comprise 10 BEDROOMS: three DOUBLE ROOMS with EN-SUITES and seven with shared facilities (three BATHROOMS and a shared KITCHEN AREA).
There are ten lettings rooms in total.

EXTERNAL
To the rear of the property is a large, sheltered patio/smoking area and a large first floor roof terrace located off the upstairs trade area.

LICENCE:
A full Premises Licence is held.

SERVICES:
All mains services are connected.
Local Authority
Selby district council
Civic Centre, Doncaster Road, Selby, North Yorkshire, YO8 9FT
Current rateable value from 1 April 2023 to present: £51,000

The business has been hitherto let on a traditional commercial lease and therefore no trading accounts are available. Prospective purchasers will need to reach their own conclusion as to the potential trade and profitability which can be enjoyed at this outlet.

Tenure:
FREEHOLD £350,000 plus VAT to include goodwill, fixtures and fittings. Stock at valuation in addition.

Or, alternatively

LEASEHOLD: £7,500 plus VAT to include fixtures and fittings
TERM: Seven years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord's consent
BOND: A bond equivalent to three months' rent in advance
RENT: Year 1 - £35,000 plus VAT per annum
Year 2 - £40,000 plus VAT per annum
Year 3 - £50,000 plus VAT per annum
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Full repairing and insuring lease
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will be payable on the Premium and rental payments

The Property is elected for VAT. VAT will be levied on the sale price at the standard rate. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.