Available
Weaverthorpe – Public House with Letting Accommodation
The Star Inn, Main Road, Weaverthorpe, Malton YO17 8EYFreehold Public House with Letting Accommodation Investment
Price
£420,000
Rent P.A.
£31,200
Yield
7.43%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y 2m
Area
4,800 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises public house with 5 letting rooms and 2-bedroom owner`s accommodation
- Situated 16 miles east of Malton, which is famous for being the food and drink capital of Yorkshire and hosts annual food festivals.
- The Historic city of York is 35 miles away and Scarborough, which is one of the UK's most visited tourist towns, is 12 miles to the west.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises village public house with restaurant and 5 luxury en-suite letting rooms. The property also includes a modern, two-bedroom apartment for owners living quarters/staff quarters or extra letting accommodation if desired. There is a beer garden to the front of the pub for approx. 50 covers, as well a side beer garden for an extra 50 covers. The property benefits from large car park at the rear, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, kitchen, storage
First Floor: 5 en-suite letting rooms, 2-bed managers flat with separate kitchen and bathroom
Total GIA: 445 sq m (4,800 sq ft)
Ground Floor: Open plan bar & restaurant, kitchen, storage
First Floor: 5 en-suite letting rooms, 2-bed managers flat with separate kitchen and bathroom
Total GIA: 445 sq m (4,800 sq ft)
Tenancy Description
The entire property is at present let to an Individual for a term of 6 Years 11 Months from 29th April 2025 at a current rent of £31,200* p.a. and the lease contains full repairing and insuring covenants. Rent review in April 2028 open market upward only. No breaks. Deposit held of £7,800.
*Tenant pays reduced rent of £25,740 p.a. for Year 1 and £28,600 p.a. for Year 2. Fixed rental increase to £31,200 p.a. in April 2027 until rent review. Vendor will top-up rent until April 2027, so the buyer receives the equivalent to £31,200 p.a. from completion.
*Tenant pays reduced rent of £25,740 p.a. for Year 1 and £28,600 p.a. for Year 2. Fixed rental increase to £31,200 p.a. in April 2027 until rent review. Vendor will top-up rent until April 2027, so the buyer receives the equivalent to £31,200 p.a. from completion.
Tenancies & Accommodation
Location Description
Weaverthorpe is located in the Yorkshire Wolds and is well known to hikers, cyclists and tourists who visit the area year-round. The village is 16 miles east of Malton, which is famous for being the food and drink capital of Yorkshire and hosts annual food festivals. The Historic city of York is 35 miles away and Scarborough, which is one of the UK's most visited tourist towns, is 12 miles to the west.