Gibsons York
129 Micklegate, York, YO1 6LBAgreement Type: Long-Term FRI Lease
View details for Gibsons YorkRefurbishment Planned
Gilly Gate York
48, Gillygate, York, YO31 7EQ
Pub Code: 2302685101
Key Features
- Investment Tenancy
- Refurbishment Planned
- Letting Rooms
- Catering Kitchen
- Outdoor Trade
- Private Accommodation
Est Min Ingoing Costs: £58,304
Annual Rent: £59,217
More Information
The area
Situated along bustling Gilly Gate, a main pedestrian route leading to York city centre, this pub presents an exciting investment prospect. Its prime location, adjacent to key landmarks such as the historic city walls and the renowned York Minster, guarantees a steady flow of passersby. With over 6,000 residents within a 10-minute stroll and nearly 29,000 within a 20-minute radius, the demographic skews towards high affluence and a youthful profile, ensuring a vibrant and diverse customer base.
The offer
The Gilly Gate is available on our investment tenancy agreement. Click here for more information on this agreement.
Among 7 nearby competitors, such as Exhibition and Hole in the Wall, this pub is set for distinction. Post-refurbishment, it will attract locals, young professionals, and tourists with its refreshed atmosphere and enticing offerings. Expect a revitalised interior with a main drinking lounge, snug areas, and a modern kitchen, all enhancing the dining experience. With premium lagers, craft brews, curated wines, and a quirky food menu, this pub promises to captivate discerning palates.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Gilly Gate will have extensive experience in similar hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Trading Area & Facilities
The Gilly Gate will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 1 room and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 59,217 |
| Estimated Annual Turnover | £ 716,890 |
| Deposit | £ 14,804 |
| Estimated Fixtures & Fittings Value | £ 30,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 58,304 |
| Estimated Minimum Ingoing Costs | £ 58,304 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
48, Gillygate, York, YO31 7EQ
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View details for Spotted Ox TockwithTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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