The Jubilee, Balfour Street, York, England, YO26 4YU

The sale of The Jubilee on a brand new 10 year leasehold basis. Under new freehold ownership, our client wishes to offer the ground floor premises and beer garden space to an experienced publican / restaurant operator. The pub is offered on a internal repairing insuring lease only, where the tenant will have internal liability for maintenance, decorations, repairs and insurance, not externally.

The prospective leaseholder is required to renovate the unit throughout, with an appropriate fitted bar area, trading customer space, offering dining areas, function space and a commercial kitchen to the rear. The beer garden rear space also needs maintaining and refreshing.

The Jubilee Pub is located on a prominent corner plot on Balfour Street, near Holgate approximately one mile from the centre of the historic city of York. Situated in busy and well established residential area, the pub is also within easy walking distance of the River Ouse.

The premises includes a layout of two trading spaces with a previous bar serving area, a function or dining room, commercial kitchen room and customer toilets.

The unit is empty, everything is included in current condition.

The Jubilee's new IRI lease on offer is a great opportunity for an experienced local operator or multi site pub company to acquire this pub restaurant unit, treating required renovations and fit out as a blank canvas to invest throughout as desired. The pub can then be re-opened and trade can commence. Locally, residents are excited at the prospect of a re-opening as soon as possible, so new leasehold owners can take advantage of this, as well as York's high tourism trade throughout the year.

The pub is offered on a internal repairing insuring lease only, where the tenant will have internal liability for maintenance, decorations, repairs and insurance, not externally.

Above the pub premises, the property is currently undergoing development on the upper floors. This space is being converted into residential apartments with parking made available to the side of the property. Subject to tenancy terms, a new pub leaseholder or staff may have the opportunity to rent an apartment above the pub.

New IRI Leasehold - negotiable terms
10 year term
Rent of £18,000 per annum
3 year rent reviews
5 year break clause

Confirmation of business rates payable should be obtained from the local authority.

Premises licence.