Royal George, 9 North Terrace, Skelton-in-Cleveland, TS12 2ES

TO LET: BY WAY OF NEW FULL REPAIRING AND INSURING LEASE AT HEADLINE RENT OF £25,000 PER ANNUM EXCLUSIVE

POPULAR VILLAGE CLOSE TO SALTBURN-BY-THE-SEA
EASY COMMUTING DISTANCE TO TEESSIDE
PERIOD PROPERTY WITH ORIGINAL FEATURES BENEFITTING FROM MODERN GROUND FLOOR EXTENSION TO TRADING AREA
FRONT LOUNGE BAR WITH SERVERY
RESTAURANT/DINING AREA FOR UP TO 70 COVERS
EXTERNAL BEER GARDEN AND FURTHER TRADING AREA
FIRST AND SECOND FLOOR LIVING ACCOMMODATION/LETTING BEDROOMS/CATERING AREAS

LOCATION
On entering Skelton from the south/west on entering the village the property is easily found and prominently positioned on the left-hand side. On entering from the east, the property is found on the western side of the village, on the right-hand side.

SERVICES
The property benefits from all mains services. The gas fired boiler provides central heating and hot water throughout the building.

LOCAL AUTHORITY
Redcar and Cleveland

RATEABLE VALUE
Rateable Value: £5,600
Council Tax Band: A

LICENCES
The property trades with the benefit of a Premises Licence. Seriously interested parties should satisfy themselves in respect of this by making appropriate enquiries of the Local Authority Licensing Department.

FIXTURES AND FITTINGS
The current Tenant intends to remove most of the loose trade fixtures fittings and equipment, although some fixed items may remain, and be acquired by separate negotiation.
The incoming Tenant will therefore need to re-equip and re-furnish the premises generally, to suit his style of operation.

TENURE
The property is offered To Let by way of a new full repairing and insuring lease, for a term of 10 years. The Headline Rent for the property is £25,000 per annum, exclusive. The landlord however is prepared to be flexible with a rental structure over the first 3 years of the term, to give the incoming tenant, the opportunity to fully establish the business, particularly if it is intended to change the style of operation from that of a public house with a food offering, to a restaurant or bistro with wet sales.
The incoming tenant will be required to contribute towards the Landlord's legal costs in connection with the preparation and agreeing the form of lease, of £1,500 plus VAT.
A rent deposit of £5,000 will be required upon completion of the lease.

TRADE AND BUSINESS
The Royal George has been operated under tenancy for a lengthy period. Consequently, no trading or financial information is available to be supplied. Seriously interested parties will therefore need to make their own assessment as to what levels of trade they might expect to achieve, given their proposed style of operation.
Latterly the Royal George has operated as a conventional local's public house, with a food offering in the dining room. This has generally been with trading hours from 11am to 11.30pm each day, and with the food being offered all day. Recently restricted hours have been operated between 5pm and 9pm due to the tenant's other business interests.
This outlet should be readily operated by two full time proprietors, engaging limited numbers of staff, as appropriate.
In the past the second-floor rooms have been used for letting purposes, of which there is a possibility of having 4 such rooms.

PROPOSALS
Proposals are invited from interested parties. It should be noted that they will be required to provide a brief business plan, outlining their intentions in terms of how the outlet is to be traded, including CVs of each of the proprietors and any key personnel who may be employed, a cashflow projection and profit and loss account budget. Financial information will be required, to demonstrate that there is sufficient capital resource available for the purpose of fitting out the premises as appropriate, working capital, and any start-up costs.
Personal references will also be required, by way of Bank, trade, and Landlord's as appropriate, if available.

VALUE ADDED TAX
VAT may be chargeable and, if appropriate, this will be at the prevailing rate.

ENERGY PERFORMANCE CERTIFICATE
A Report has been commissioned and will be available as soon as possible.

VIEWING
Strictly by appointment with the sole letting agents.