Millington, Pocklington, East Yorkshire, YO42 1TX

David CashSenior Business Agent - Licensed,Newcastle

+44 191 269 7025

+44 7736 621 023

david.cash@christie.com

At a glance

Freehold village pub/restaurant

Turnover Y/E April 2017 £328,443

Adjusted Net Profit c. £89,500

4 bedroom owner's accommodation

90 covers in bar & function room combined

Large car park to the rear. Energy Rating C

The Gait Inn

Ref: 5455321

Freehold: £545,000To Rent: £75,000Annual Rent: £25,000

This sustainable business has been in the hands of the current owners for 12 years and continues to be profitable. The Gait Inn has a main bar area and snug which can cater for up to 40 covers . The function room and pool table area can cater for up to 50.

There is potential to extend the current opening hours and introduce letting accommodation, if en suite facilities were added to the three bedrooms above the inn, subject to obtaining planning consent.

In February 2019 the kitchen had a significant refurbishment and in March 2019 was awarded a 5* Food Hygiene Rating.

Internal DetailsFront bar, snug bar and function room, with part panelled walls, beamed ceilings and bench seating with mixed tables.

Ancillary areas include; a front porch, commercial grade catering kitchen with full range of equipment, preparation room, store room, rear entrance which leads to the first floor accommodation, beer cellar and customer toilets.

Fixtures & FittingsWe are advised that the majority of fixtures and fitting are owned outright and will be included in the sale, subject to an inventory.

Lease OptionOur clients would consider the grant of a new, free of tie lease to an experienced operator.

Terms & conditions are largely negotiable but the asking premium for the business (to include fixtures & fittings and goodwill) is £75,000 and the asking rent is £25,000 per annum.

External DetailsTo the rear of the property is a beer garden and large car park with extensive secure storage.

Owner's AccommodationThe owner's accommodation comprises three double bedrooms on the first floor. In a single storey extension on the ground floor are: one double bedroom, office, lounge/ dining room, kitchen and bathroom.

The OpportunityThe Gait Inn presents an opportunity for an owner operator to take over a consistently profitable business and replicate the success of the current owners. There is also significant scope to increase trading hours and grow the business by introducing letting accommodation at first floor level, STPP.

Trading InformationTurnover year ended 5th April 2018: £305,636. Adjusted Net Profit circa £79,587.

Trading HoursBar: Friday 12 -3pm, Saturday 12-4pm, Sunday 12-3pm. Evenings except Monday 6.30-11pm.

Food: Lunch: Fri/Sat/Sun: 12-2pm, evenings except Monday 6.30-9pm.

RegulatoryPremises licence

The Gait InnLocationThe Gait Inn is located in the village of Millington which is situated on The Wolds Way, Minster Way and cycle routes. Millington is c. three miles away from the thriving and bustling market town of Pocklington with its vibrant town centre, and wide range of leisure attractions. The historic city of York is 18 miles away.

Ref: 5455321

Freehold: £545,000To Rent: £75,000Annual Rent: £25,000

Christie Insurance can arrange the right insurance cover at the right price, backed up by our superb claims support.

For more information contact Christie Insurance on 0207 444 0040 or visit christieinsurance.com

Whether you’re considering commercial property for the first time or are an experienced business-owner, it is important to understand your finance options.

Contact your local Christie Finance Consultant on 0344 412 4944 or visit christiefinance.com

The Gait InnEnergy performance certificate

These particulars are a general guide to the property and are not to be relied on as statements or representations of fact. Purchasers should instruct professional advisers and rely on their own searches, enquiries and inspections regarding the property and any associated business. Neither Christie & Co nor any employee is authorised to give any representation or warranty regarding the property. Christie & Co for itself and for its client gives notice that: (a) these particulars are made without responsibility on the part of Christie & Co or the client and do not constitute any part of an offer or contract; (b) Christie & Co has not conducted a detailed survey or tested services, appliances or fittings; and (c) any dimensions, floor plans and photographs provided are for indicative purposes only.

Ref: 5455321

Freehold: £545,000To Rent: £75,000Annual Rent: £25,000

tel:0207%20444%200040http://www.christieinsurance.comtel:0344%20412%204944http://www.christiefinance.com