Spread Eagle, Driffield

Freehold for Sale

Price: Offers in the Region of £350,000 Ex VAT

  • 20180328_105740.jpg
  • IMG_9082.JPG
  • IMG_9077.JPG
  • IMG_9079.JPG
  • IMG_9087.JPG
  • IMG_9081.JPG
  • IMG_9088.JPG
  • IMG_9086.JPG

Attractive community pub with excellent local following

Key Points

  • n/a - (n/a)
  • well appointed community pub
  • situated in a residential area but very close to the town centre
  • excellent local following with numerous sports teams
  • Spacious, well appointed domestic accommodation over the 1st & 2nd Floors
  • Profitable wet-only trade with scope to introduce food

Location

The Spread Eagle is prominently situated on the corner of Exchange Street and East Gate South, in the East Riding of Yorkshire town of Driffield. Surrounded by established residential housing the pub is also ideally situated just a few hundred yards away from the Market Place and the town centre. Also known as Great Driffield, the market town is located approximately 52 miles to the east of Leeds, 29 miles to the east of York and 23 miles to the north of Hull. According to the 2011 UK census, Driffield parish had a population of 13,080.

Property

The Spread Eagle is a two and three storey brick built corner property of painted brick elevations beneath pitched tiled roofs, with a flat roof extension to the rear. The well appointed ground floor trading areas briefly comprise an entrance hall leading to a traditionally appointed Bar area with central timber bar servery well equipped for the trade, upholstered perimeter and free standing seating and 3x wall mounted TVs;  raised area with upholstered perimeter seating, beamed ceiling, darts throw and glazed door to rear inner hallway; Games Area with wooden flooring, pool area, 2nd darts throw and door to inner hallway. 

The inner hallway provides access to refurbished Ladies & Gents W.C.s, and access to the rear beer terrace with picnic bench seating for 24 and a covered smoking shelter. 

The property also benefits from a kitchen located to the rear of the bar, a ground floor beer cellar and bottle store. 

The domestic accommodation is located over the first and second floors and briefly comprises, a refitted kitchen-diner, with new boiler, lounge, office, bathroom, box room, utility area with shower room and two bedrooms. Two further bedrooms are situated over the second floor.

Fixtures & Fittings

We understand that the fixtures and fittings are owned by our clients and will be included in the sale.

Trading Figures & Turnover

The business trades every day from 1pm and has garnered an excellent reputation during our client's tenure. The Spread Eagle enjoys an excellent local following and boasts numerous teams including 2x Darts teams, 2x Football teams, 2x Pool teams, a Hockey team, ladies Darts team and a Dominoes team. With the exception of a once weekly 'Curry & Pint' promotion, no food is available and the pub offers potential to introduce a modest food trade to increase sales.  

The business enjoys a virtually 100% wet trade at present. The accounts for y/e 2016 show an adjusted net profit of £60,293 with tremendous potential to build upon and improve trade for a new operator.  Further trading information can be provided to genuinely interested parties who have previously viewed the business premises.

Tenure

We are advised the property is Freehold.

Please note - Our clients are offering for sale the Spread Eagle (Driffield) Ltd, of which the Spread Eagle property is the only asset. 

Rates & Charges

Business Rates
£0.00 per annum (based on a Rateable Value of £11,900)
Council Tax
Available on enquiry

Exchange Street
Driffield
East Riding of Yorkshire
YO25 6LL