Restaurant

Situated in a prime location, benefitting from roadside parking and a public car park close by. The property is of traditional brick and tile construction over three floors (plus a cellar) and the building has recently been fully double glazed. Heating is provided from a gas-fired boiler (not tested).  Having traded very successfully for 28 years the sale provides an opportunity for a new owner to continue its use as a restaurant and takeaway or to redevelop for alternative use (subject to any necessary planning consent).

Location

George Street is in the centre of this thriving East Yorkshire town and the premises are in a highly visible location opposite Tesco supermarket.  The Town itself provides a good range of shopping amenities and excellent public transport services on the East coast line serving Scarborough, Bridlington, Driffield, Beverley and Hull.

Accommodation:

Ground Floor: Entrance leading to the ground floor restaurant with 24 covers, bar area with good sized commercial kitchen off including six burner gas oven with professional extraction, tandoori oven, fryers etc. Storage area with walk-in cold room. 

First Floor:  Restaurant area with 36 covers. further bar area, ladies and gents toilets, staff toilet.

Second Floor: Two large storage rooms.

Cellar:  With restricted head clearance (approx 5'8") the cellar provides excellent extra storage space.

Outside: Yard with refuse area.

Fixtures and fittings

Only the fixtures and fittings specifically mentioned in this description are included in the sale.  The vendor will be prepared to sell other contents, and trade fittings subject to negotiation.

Services

All mains services are connected to the property.  None of the services or installations have been tested.

Business Rates

Business rates are payable to East Riding of Yorkshire Council.  The current rateable value is £4,950 although depending on the circumstances of the occupier, it may qualify for Small Business rate relief under which there is the opportunity for occupiers to claim up to 100% relief against business rates in certain circumstances.

Tenure

Freehold.  

Viewings

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

Solicitors

Weightmans Solicitors LLP. No1, Whitehall Riverside, Whitehall Rd, Leeds LS1 4BN. FTAO : Aamir Khan

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd May 2023 and closing on Wednesday 24th May 2023 at 3.00pm. 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.

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.

Additional Fees:

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

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

ONLINE BIDDING

If you are wanting 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