George & Dragon, Market Place, North Yorkshire

1,200,000 GBP Offers Over
George & Dragon Market Place,
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Overview

  • Updated On:
  • April 22, 2024

Description

Restaurant & Hotel, North Yorkshire
The George & Dragon Hotel
Offers Over £1.2m

• Opportunity

The George & Dragon Hotel is a vast collection of properties on a large plot in the heart of Kirkbymoorside

Very successful highly profitable restaurant & hotel

The business and property has a full management team, this is a turn-key opportunity at it’s best

Outstanding opportunity to develop the properties to holiday apartments, or residential accommodation

Tinley Garth has already been granted planning permission for a change of use to residential purposes

• Internal Details

The George & Dragon Pub – 390sq/m

Restaurant with 60 covers

Bar area with 60 covers

Very well equipped large commercial kitchen
Three-bedroom managers flat

The Coach House – 376sq/m

12 ensuite letting bedrooms

Tinley Garth – 278 sq/m

8 ensuite letting rooms

Please see the floor plans for further information

• External Details

The George & Dragon Pub – 390sq/m

Rear courtyard with seating for 20 people

The Coach House – 376sq/m

Car parking for 20 cars

Tinley Garth – 278 sq/m

Delightful manicured garden to the rear

Please see the aerial photographs

• Development Opportunity

The George & Dragon Pub – 390sq/m

The ground floor could be retained as a pub & restaurant with the kitchen being moved to the ground floor

The first floor could then be converted in to further holiday apartments or residential accommodation

This would deliver a GDV of up to £750,000

The Coach House – 376sq/m

The building could easily be converted into five apartments, and used for holiday lets or residential accommodation

GDV of this conversion would be up to £1m

Extending the second floor on to the balcony would create a sixth apartment further enhancing the GDV

Tinley Garth – 278 sq/m

The building could easily be converted into three luxury apartments, and used for holiday lets or residential accommodation

Tinley Garth has already been granted planning permission for a change of use to residential purposes

GDV of this conversion would be up to £750,000

The large garden can be shortened to offer additional private car parking spaces

• Location

The George & Dragon sits on the high street in the picturesque tourist destination of Kirkbymoorside

This very sought-after town is a thriving community throughout the year

Excellent shops and amenities attract locals, visitors and holiday makers alike as Kirkbymoorside is one of the largest towns this close to the North Yorkshire Moors National Park

The National Park is one of the most popular and visited National Parks in the UK, attracting some five million visitors every year

The affluent area is known for quality food destinations

• Fixtures & Fittings

All fixtures and fittings not personal to the vendors are included in the sale

• Financials
Accounts for the year ending 31st August 2022 show a turnover of £591,473 delivering an impressive adjusted net profit of £150,367

Full accounts are available

• Tenure

Nationwide Business Sales are thrilled to offer this very profitable opportunity to the market at Offers Over £1.2m

• Further Information & Useful Links

The George & Dragon has a dedicated website, please visit
http://www.gdhotel-yorkshire.co.uk/home.html

Address: George & Dragon Market Place
Zip: YO62 6AA
Country: United Kingdom
Open In Google Maps
Property Id : 53425
Price: 1,200,000 GBP Offers Over
Custom ID: 355347

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