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Gilly Gate York

Gilly Gate York

48, Gillygate, York, YO31 7EQ Pub Code: 2302685101

Pub Code: 2302685101

Investment Tenancy

Est Min Ingoing Costs: £58,304

Annual Rent: £59,217

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…

  • Investment Tenancy

  • Refurbishment Planned

  • Catering Kitchen

  • Letting Rooms

  • Car Park

  • Cask Ale

  • Outdoor Trade

  • Private Accommodation

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.

Pub Financials Icon

Estimated Total Ingoing Costs

£58,304


Estimated Minimum Ingoing Costs

£58,304

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
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.

Location:

48, Gillygate, York, YO31 7EQ

Google map location image of Gilly Gate York
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