The Horse and Hound, Main Street, Kirk Deighton, Wetherby, LS22 4DZ

£560,000

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Restaurant

Key features

  • Pub Investment for sale with Lease until 2033
  • Rent £46,371 pa
  • Established Multi Operator In situ
  • Affluent Village Location
  • 3 bedroom living accommodation above
  • Net Initial Yield c.7.8% | Energy Rating C
  • Christie & Co Ref: 5455574

Description

Description

The Horse & Hound is a well-presented independent free house located in the sought-after village of Kirk Deighton. Formerly known as The Bay Horse, the business has recently been rebranded whilst continuing to trade as a quality food-led village pub serving locally sourced produce, cask ales and an extensive wine selection. The operation enjoys a loyal local following together with destination dining trade from the wider Wetherby and Harrogate catchment.

The business offers a popular all-day food proposition, including traditional pub classics, seasonal specials and highly regarded Sunday roasts. The pub also benefits from regular community events including a bi-weekly quiz night, helping to reinforce its position as an important local hub.

Location

The property occupies a prominent roadside position on Main Street within the attractive North Yorkshire village of Kirk Deighton, approximately 3 miles west of Wetherby and with excellent access to Harrogate, Leeds and York via the A1(M) motorway network.

The surrounding area comprises a mixture of affluent residential housing, rural villages and countryside attractions. The pub also benefits from its position on popular walking routes connecting Wetherby, Spofforth and Kirk Deighton, generating additional passing trade from walkers and visitors throughout the year.

Internal Details

A substantial detached public house that has been well maintained and trades from characterful premises that combine traditional pub features with a high-quality food-led environment.

The business provides a variety of customer trading spaces, briefly comprising:

• Main bar area
• Restaurant dining areas
• Informal drinking and eating spaces
• Commercial catering kitchen
• Customer WC facilities
• Ancillary stores and service areas
• 3 bedroomed living accommodation

The trading style is firmly food-led with a strong emphasis on quality dining, Sunday lunch trade and an extensive drinks offer.

External Details

External customer trading areas provide additional seating capacity and seasonal trading opportunities.

The property's village location and proximity to popular countryside walks make it well suited to outdoor food and beverage trade

The Opportunity

The Horse & Hound presents a rare opportunity to acquire a secure, income-producing freehold investment in one of North Yorkshire's most desirable village locations. The property is let to an experienced multi-site hospitality operator who has been in occupation since 2017 and has demonstrated a sustained commitment to the business and location.

The tenant entered into a new 10-year lease commencing on 26 February 2023, providing income security through to February 2033. The lease produces a passing rent of £46,371 per annum, with a tenant-only break option in February 2028, subject to six months' notice. The rent review mechanism is linked to RPI, benefiting from a minimum 1% and maximum 4% annual collar and cap, providing an element of inflation protection whilst maintaining affordability for the occupier.

The lease is contracted within the security of tenure provisions of the Landlord & Tenant Act 1954 and is drawn on full repairing and insuring style terms, with the landlord arranging insurance and recovering the premium from the tenant. The permitted use allows for operation as a public house with ancillary residential accommodation.

Investment Summary

Lease Term -10 years
Start Date - 26 Feb 2023
Expiry Date - 25 Feb 2033
Rent - £46,371 pa
NIY - c7.8%
Rent Review - 26 Feb 2028
Review Basis - RPI linked (1%-4% collar/cap)
Break Clause - Tenant only
Break Date - 25 Feb 2028
Notice Required - 6 months
Security of Tenure - Inside LTA 1954
Repairing Liability- FRI-style

Tenure

Freehold

Business Rates

The Rateable Value is £31,000 with effect from 1 April 2026. Confirmation of actual business rates payable should be obtained from the Local Authority.

Regulatory

Premises Licence

Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
Yes
Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

The Horse and Hound, Main Street, Kirk Deighton, Wetherby, LS22 4DZ

NEAREST STATIONS

National Rail

Cattal Station

4.63 miles

National Rail

Knaresborough Station

5.34 miles

National Rail

Hammerton Station

5.66 miles

About Christie & Co, Pubs & Restaurants

Christie & Co, Pubs & Restaurants

Your trusted pub & restaurant property adviser

From traditional pubs and vibrant nightclubs to sophisticated wine bars and community-led social clubs, licensed trade businesses are our passion. We have unrivalled experience and expertise in the UK pub sector. — and with a network of 11 offices and the UK’s largest hospitality team, our clients benefit from unrivalled local market knowledge.

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Disclaimer - Property reference 5455574-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.