Freehold public house/restaurant investment , Producing £20,000 per annum , Prominent town centre position close to railway station , Approximately 258.63 sq m (2,784 sq ft) accommodation , Let on FRI lease , Offers circa 8% gross initial yield
Freehold public house/restaurant investment producing £20,000 per annum, prominently positioned within Selby town centre, reflecting a gross initial yield of approximately 8% at the asking price.
Imagery Disclaimer: Some photographs and videos within these particulars may have been digitally enhanced or edited for marketing purposes. They are intended to provide a general representation of the property and should not be relied upon as an exact depiction.
Description - The property comprises a mid-terraced, two-storey public house of traditional construction, providing well-configured trading accommodation across ground and first floors. The ground floor offers a principal bar area with ancillary trading space, together with a fully fitted commercial kitchen, office and staff facilities. The first floor provides additional customer seating and WC facilities.
Externally, the property benefits from a rear courtyard and two allocated parking spaces accessed via Back Park Street.
The building is Grade II listed and situated within a designated conservation area.
Location - The property occupies a prominent position on Park Street, linking directly to The Crescent which forms part of the A19 arterial route between York and Doncaster.
The location benefits from strong pedestrian flow due to its proximity to Selby railway station, with routes into the town centre passing directly along Park Street. Selby is an established market town approximately 15 miles south of York, providing good regional connectivity and serving a wide commuter catchment.
Accommodation - The property extends to approximately 258.63 sq m (2,784 sq ft) GIA on a site area of approximately 0.075 acres (0.03 hectares).
Services - The property is understood to benefit from mains electricity, gas, water and drainage. Heating is provided via gas-fired boilers serving a wet radiator system.
Tenure - Freehold
Tenancies - The property is let to private individuals on a full repairing and insuring lease for a term of 7 years from 1 August 2023, expiring 31 July 2030. The current passing rent is £20,000 per annum exclusive, payable monthly in advance, subject to a rent review on the third anniversary of the term.
Local Authority - North Yorkshire Council.
Rating Assessment - Rateable Value: £6,800 (effective from April 2026).
Planning Permission - The property has an established use as a public house. Interested parties should make their own enquiries with the local planning authority.
Energy Performance Certificate - C 62
Viewings - Strictly by prior appointment with the sole selling agents - Stephensons Estate Agents (Commercial).
Costs - Each party is to be responsible for their own legal and professional costs incurred in the transaction.
Value Added Tax - The property may be capable of being treated as a Transfer of a Going Concern (TOGC). Interested parties should seek their own professional advice.
