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
