Gilly Gate York
48 Gillygate, York, YO31 7EQAgreement Type: Foundation Tenancy
View details for Gilly Gate YorkRefurbishment Planned
Duke Of York York
Gate Helmsley, York, YO41 1JS
Pub Code: 2300651101
Key Features
- Refurbishment Planned!
- Catering Kitchen
- Cask Ale
- Great Car Parking
- Beautiful Destination Site
Est Min Ingoing Costs: £67,688
Annual Rent: £55,835
More Information
Prominent Village Location
The Duke of York sits prominently at the gateway to the village of Helmsley on the main A166 road, which links several villages/towns between Leeds and York to the coast. The demographics surrounding the pub are promising, with a significant influx of new housing developments attracting affluent locals and visitors alike. With limited competition in the village, the Duke of York is guaranteed to be the go-to for locals whilst also catering to travelling guests from surrounding towns.
A pub business with bags of potential
The transformed Duke of York will stun guests and take its rightful place as THE destination pub in the area. 60/40 food led, this is a fantastic opportunity for a positive and ambitious operator with prior experience of developing and delivering a substantial food offer. Combine this with skills in driving wet sales through a great range of drinks and driving footfall with a strong events calendar and the opportunities at the Duke are endless.
Inside the pub, an exciting transformation is underway with a full overhaul and redecoration of the trade area, bar, and toilets. The layout will be revamped to include multiple zoned areas, such as snugs, a conservatory, private dining areas, and the main bar area with feature fireplaces. Works will be undertaken to improve the kitchen to cater to the 103 internal covers. The main dining area will seamlessly flow into the conservatory and patio area, creating a delightful link between indoor and outdoor dining during warmer weather.
Externally, the pub will undergo a significant transformation as well. A beer patio will be set up at the front, while a spacious terrace with a grassed garden at the rear will cater to walk-in customers and families, providing them with a lovely outdoor space to enjoy. The pub's exterior will be completely redecorated, with a modern and inviting colour scheme designed to catch the attention of passing traffic and beckon them to stop by. Funding has been earmarked for creating a Moretti Star First garden, subject to board approval, further enhancing the appeal of the pub's exterior.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Duke of York will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers. If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this sA full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).ite, as per The Pub Code (2016).
Private Accommodation
The private accommodation at the Duke of York consists of four bedrooms, kitchen and lounge. In line with our "Ready to Trade Promise", should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.
| Annual Rent | £ 55,835 |
| Estimated Annual Turnover | £ 685,835 |
| Deposit | £ 13,959 |
| Estimated Fixtures & Fittings Value | £ 35,229 |
| Estimated Stock Valuation | £ 15,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 67,688 |
| Estimated Minimum Ingoing Costs | £ 67,688 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Gate Helmsley, York, YO41 1JS
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View details for Royal Oak MaltonTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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