No longer on the market
This property is no longer on the market
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Features and description
- Freehold and Fairtrade
- Scope for Expansion and Conversion
- Fully licensed bar area
- Close to Seafront and Town
Here is a fantastic opportunity to purchase this Grade 2 listed long established popular Freehold bar in the heart of Fileys fashionable Victorian Crescent at Royal Crescent Court.
The bar is Freetrade with no brewery ties. The bar has a strong trading performance on wet sales only. There is the potential to introduce catering. Sales have averaged around 5.5k gross per week over the last twelve months, with a high level of gross profit margin of approximately 65%. Consequently, profitability is high with the opportunity to expand.
The vast basement area (currently unused) has various rooms and storage spaces. This area is also fully licenced with the opportunity to expand the existing trading area or subject to the necessary planning consent, has the potential for development into residential flats.
After inspection of the property and the business. Seriously, interested parties will be supplied with trading and financial information in due course.
trading and financial information in due course.
Tenure: Freehold-with a quarterly service charge for building maintenance, building insurance and background heating.
Licences: The property operates with a Premises Licence that permits the sale of alcohol for consumption on and off the premises between Sunday-Thursday from 10am-midnight, and on Fridays and Saturdays between 10 am-1 am.
Rateable Value: £7,600.
EPC
As the property is situated within a Grade 11 listed building there is no requirement to provide an Energy Performance Certificate.
This property would suit a wide range of buyers needs, whether taken over as a going concern or redevelopment.
Viewing is strongly advised to appreciate all this property has to offer.
Fantastic Freehold property with public house in situ and scope for expansion or conversion. Viewing really is a must!
Bar Area - 5 x 13.29 - Split level with two seating areas providing approximately 40 covers and bar, three sash windows to the side aspect, sash window to the rear aspect, feature fireplace, wooden bar area (Stock available by separate negotiation) dado rail and delph racks.
Inner Hall - Storage cupboard, dado rail, door to the kitchen and door to the cellar.
Ladies Wc - 2.02 x 3.91 - Two opaque windows to the side aspect, wash hand basin, hand dryer, two WC cubicles with low flush WC's and electric wall heater.
Mens Wc - 2.17 x 2.9 - Opaque window to the rear aspect, part tiled walls, tiled floor, stainless steel urinal and wash hand basin.
Kitchen Store - 1.93 x 3.63 - Stainless steel sink and drainer unit, wash hand basin, shelving and power points.
Kitchen - 2.31 x 2.54 - Stainless steel work surfaces, stainless steel extractor fan, range oven with five ring Gas burner, tiled splash backs and power points.
Basement Level - Two large unconverted fully licensed cellars with ample space for conversion subject to the relevant planning permissions or expansion of the current business. Windows to the front and side aspects, door to the rear and door to the side and various store areas.
Store Room 1 - Sink and drainer unit, two gas pumps, 14 beer barrel pumps and power points.
Store Room 2 - Window to the side aspect, door leading outside and cellar skid.
The bar is Freetrade with no brewery ties. The bar has a strong trading performance on wet sales only. There is the potential to introduce catering. Sales have averaged around 5.5k gross per week over the last twelve months, with a high level of gross profit margin of approximately 65%. Consequently, profitability is high with the opportunity to expand.
The vast basement area (currently unused) has various rooms and storage spaces. This area is also fully licenced with the opportunity to expand the existing trading area or subject to the necessary planning consent, has the potential for development into residential flats.
After inspection of the property and the business. Seriously, interested parties will be supplied with trading and financial information in due course.
trading and financial information in due course.
Tenure: Freehold-with a quarterly service charge for building maintenance, building insurance and background heating.
Licences: The property operates with a Premises Licence that permits the sale of alcohol for consumption on and off the premises between Sunday-Thursday from 10am-midnight, and on Fridays and Saturdays between 10 am-1 am.
Rateable Value: £7,600.
EPC
As the property is situated within a Grade 11 listed building there is no requirement to provide an Energy Performance Certificate.
This property would suit a wide range of buyers needs, whether taken over as a going concern or redevelopment.
Viewing is strongly advised to appreciate all this property has to offer.
Fantastic Freehold property with public house in situ and scope for expansion or conversion. Viewing really is a must!
Bar Area - 5 x 13.29 - Split level with two seating areas providing approximately 40 covers and bar, three sash windows to the side aspect, sash window to the rear aspect, feature fireplace, wooden bar area (Stock available by separate negotiation) dado rail and delph racks.
Inner Hall - Storage cupboard, dado rail, door to the kitchen and door to the cellar.
Ladies Wc - 2.02 x 3.91 - Two opaque windows to the side aspect, wash hand basin, hand dryer, two WC cubicles with low flush WC's and electric wall heater.
Mens Wc - 2.17 x 2.9 - Opaque window to the rear aspect, part tiled walls, tiled floor, stainless steel urinal and wash hand basin.
Kitchen Store - 1.93 x 3.63 - Stainless steel sink and drainer unit, wash hand basin, shelving and power points.
Kitchen - 2.31 x 2.54 - Stainless steel work surfaces, stainless steel extractor fan, range oven with five ring Gas burner, tiled splash backs and power points.
Basement Level - Two large unconverted fully licensed cellars with ample space for conversion subject to the relevant planning permissions or expansion of the current business. Windows to the front and side aspects, door to the rear and door to the side and various store areas.
Store Room 1 - Sink and drainer unit, two gas pumps, 14 beer barrel pumps and power points.
Store Room 2 - Window to the side aspect, door leading outside and cellar skid.
Property information from this agent
Area statistics
Crime score
Low crime
2/10
About this agent
Hunters Filey have a good range of properties on the market available and under offer, from smaller ones to large country homes. Filey is a popular coastal town where many clients have holidayed as children over many years and have since returned to relive their happy memories, they have come for many years and also brought their families into the area, year on year. We have lots of clients from out of the area looking for second homes, looking to retire here as well as local clients who range from first time buyers to finding their forever home. As we are Hunters we are very different from the local branches; we offer a lot more of a service from start to finish. Pride ourselves on achieving the best possible results for our clients, we currently achieve on average 98% of asking price, offer high quality brochures with floorplans and great property photos, 100% accompanied viewings, a pro-active approach, local and national advertising, a prime office location.