INVESTMENT - Cookfella's, 2-4 Westgate, Guisborough, North Yorkshire

The subject property comprises the former Black Swan public house, a pub that is understood to date from around 1820 and which is now occupied by Cookfella's as a wine bar and restaurant.

Internally, the front section of the building provides the main bar area with a central servery with a mixture of fitted bench and loose seating. Male and female toilets are provided to the rear and this area has been extended by way of a mono pitched roof section which has been built over part of the former yard.

The rear single storey section provides the "eatery", an L-shaped restaurant area with a further bar, the kitchen, ancillary storage areas and male, female and disabled toilets.

To the first floor is a flat which comprises a hallway, living room, bedroom, kitchen, and bathroom, together with a manager's office and a storeroom.

The premises are currently let on to Cookfella's Limited on a 10 year FRI Lease, from 22 February 2021, at a passing rent of £50,000 per annum . There are around 7½ years remaining on the lease, with an upward only rent review due in February 2026.