Restaurant for sale

The property comprises of a licensed premises with ancillary living accommodation on the upper floor. The pub itself provides an open plan seating layout with large bar area including a rear kitchen/prep area, W/c facilities and a cellar/chiller room.

The first floor provides five bedrooms each containing en-suite facilities and a separate living room situated towards the front of the property. Outside, the property has a rear parking area alongside a raised decking area to provide an outdoor seating area for the customers of the former pub. Additionally, the property provides a detached single-storey building at the rear comprising of six en-suite bedroom facilities that have previously been utilised for holiday lets and contractor accommodation on a nightly rate basis.

The pub premises has the potential to be redeveloped and converted into residential accommodation with the added benefit of utilising the income stream from the rear six bedrooms for short stays. Alternatively, the pub could be continued to be run as a drinking establishment and/or restaurant premises with guest accommodation above.

The entire property presents an opportunity for an ingoing purchaser to run successful hospitality business or to transform the available space that lies within easy reach of the nearby beach and well-renowned Spurn Point.

Location

The property lies in the village of Easington, East Yorkshire which is approximately 23 miles east of Hull and 8 miles south of Withernsea. The property is situated along North Church Side directly opposite the local church and is within walking distance of Easington's community hall and beach.

Accommodation

See floor plans.

Viewing

Strictly by appointment with the Auctioneers on[use Contact Agent Button] 

Business Rates & Council Tax:

We understand the current rateable value is £4,000. Interested parties are advised to check with the local authority on the current business rates. Business rates may currently not be payable under the small business rate relief scheme. Council tax is payable on the residential accommodation which is listed as being in Council Tax band A.

Tenure: 

Freehold with vacant possession on completion.

Services:

All services are connected to the property. The services have not been tested by Auction House.

VAT:

We understand VAT is not payable on the purchase price.

Solicitors:

Matt Hudson of Ancora Law, C4DI @thedock, 31-38 Queen Street, Kingston Upon Hull, HU1 1UU.  Tel[use Contact Agent Button]

METHOD OF SALE

The property will be offered for sale by online auction, with bidding commencing at 12 noon on Monday, 22nd July 2024, and closing on Wednesday, July 24th, at 3.00 pm. For further legal information relating to this lot, please log on to auctionhouse.co.uk/hullandeastyorkshire.

CONDITIONS OF SALE

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.

ADDITIONAL FEES

The purchaser will be required to pay an administration charge of 0.3% of the sale price subject to a minimum fee of £750 (£625 plus VAT) and a buyer’s premium of £480 (£400 plus VAT) in addition to the purchase price of the property.

GUIDE PRICE

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

DISBURSEMENTS

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

ONLINE BIDDING

If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c