The Graduate 6-12 Lendal York YO1 8AA

  • The Graduate<br>6-12 Lendal<br>York<br>YO1 8AA

The Graduate
6-12 Lendal
York
YO1 8AA

Freehold Long Let Bar/Restaurant Investment in Historic Tourist/University City Centre

  • Entirely let to Stonegate Pub Company Limited
  • Lease expires July 2030 (no breaks)
  • Approximately 819.90 sq m (8,830 sq ft) plus two flats on the second floor
  • Prominent city centre location
  • Nearby occupiers include Betty's Tea Room, Pizza Express, Costa Coffee, McDonald's,
  • ASK Italian, Carluccio's, Jaeger, Pandora and Crabtree & Evelyn
  • Lot
    28
  • Auction
    11th July 2019
  • Rent
    £152,553 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,500,000
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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Freehold Long Let Bar/Restaurant Investment in Historic Tourist/University City Centre

  • Entirely let to Stonegate Pub Company Limited
  • Lease expires July 2030 (no breaks)
  • Approximately 819.90 sq m (8,830 sq ft) plus two flats on the second floor
  • Prominent city centre location
  • Nearby occupiers include Betty's Tea Room, Pizza Express, Costa Coffee, McDonald's,
  • ASK Italian, Carluccio's, Jaeger, Pandora and Crabtree & Evelyn
  • Lot 28
  • Auction 11th July 2019
  • Rent £152,553 per Annum Exclusive
  • Status Sold
  • Price £2,500,000
  • Sector
    Leisure
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
24 miles north-east of Leeds
57 miles north-east of Sheffield
Roads
A1 (M), A19, A59, A64
Rail
York Station (King's Cross - 1 hr 50 mins)
Air
Leeds Bradford Airport
Situation

York is an historic cathedral city with a population of about 200,000 and two established universities. The city serves as a popular tourist destination, with attractions such as York Minster, The National Railway Museum and the Jorvik Museum attracting many thousands of visitors every year. The property is prominently located in a conservation area on the south side of Lendal, a short walk from the River Ouse in the heart of the city centre, and benefits from being less than 100 metres from the Yorkshire Museum and the Museum Gardens. Lendal is effectively a continuation of Coney Street, the prime shopping street in York. Nearby occupiers include Betty's Tea Room, Pizza Express, Costa Coffee, McDonald's, Carluccio's, ASK Italian, Jaeger, Pandora and Crabtree & Evelyn.

Tenure

Freehold.

Location
Miles
24 miles north-east of Leeds
57 miles north-east of Sheffield
Roads
A1 (M), A19, A59, A64
Rail
York Station (King's Cross - 1 hr 50 mins)
Air
Leeds Bradford Airport
Situation

York is an historic cathedral city with a population of about 200,000 and two established universities. The city serves as a popular tourist destination, with attractions such as York Minster, The National Railway Museum and the Jorvik Museum attracting many thousands of visitors every year. The property is prominently located in a conservation area on the south side of Lendal, a short walk from the River Ouse in the heart of the city centre, and benefits from being less than 100 metres from the Yorkshire Museum and the Museum Gardens. Lendal is effectively a continuation of Coney Street, the prime shopping street in York. Nearby occupiers include Betty's Tea Room, Pizza Express, Costa Coffee, McDonald's, Carluccio's, ASK Italian, Jaeger, Pandora and Crabtree & Evelyn.

Tenure

Freehold.

Description

The property comprises two adjoining listed buildings which interconnect on all levels and are arranged on lower ground, ground and two upper floors on the main front elevation with two and three storey additions to the rear. The main bar and restaurant area are at ground floor level. There is also a recently renovated customer seating area, dining area, bar, lounge and customer WCs at lower ground floor. The first floor comprises a function room, ancillary and storage accommodation and management office. The second floor consists of staff living accommodation, whilst the third floor attic is not currently in use. The property has a rear paved courtyard garden offering external seating (70 covers) and a small enclosed staff car park accessed via a service road.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Description

The property comprises two adjoining listed buildings which interconnect on all levels and are arranged on lower ground, ground and two upper floors on the main front elevation with two and three storey additions to the rear. The main bar and restaurant area are at ground floor level. There is also a recently renovated customer seating area, dining area, bar, lounge and customer WCs at lower ground floor. The first floor comprises a function room, ancillary and storage accommodation and management office. The second floor consists of staff living accommodation, whilst the third floor attic is not currently in use. The property has a rear paved courtyard garden offering external seating (70 covers) and a small enclosed staff car park accessed via a service road.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Gross Internal Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Lower Ground
Ground
First
Second
Third		 Bar/Restaurant & Beer Cellar
Bar/Restaurant
Kitchen/Office
Staff Accommodation
Attic (not used)
290.10 sq m
316.00 sq m
213.80 sq m
Not Measured
Not Measured
(3,130 sq ft)
(3,400 sq ft)
(2,300 sq ft)
 STONEGATE
PUB COMPANY
LIMITED (1)		 25 years
from
29/07/2005
until
28/07/2030
on a full
repairing
and insuring
lease		 £152,553 23/12/2021
and 5
yearly
thereafter
Totals
819.90 sq m
(8,830 sq ft)
     £152,553  

(1) Stonegate Pub Company is the 4th largest managed pub company in the UK, operating 770 pubs across the country. Brands include Slug & Lettuce, Yates, Classic Inns and Walkabout. Stonegate is owned by investment funds managed by TDR Capital LLP
(Source: www.tdrcapital.com).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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