Vacant pub in York seeking new operator to bring it back to life
Specialist business property adviser, Christie & Co, has been instructed to market The Jubilee, a vacant pub in York, on a new IRI ten-year leasehold basis.
The freehold for the site was recently purchased by West Yorkshire-based property developer, Dominic Woodward of Tri-Core Developments. The company has secured planning permission for residential apartments on the first floor and wishes to lease out the ground floor as a pub-restaurant.
This represents an exciting opportunity for an experienced local or multi-site operator to acquire a traditional pub-restaurant site with a substantial beer garden, just one mile from the centre of York.
The property enjoys a prominent corner plot on Balfour Street, near Holgate and the local residents are excited at the prospect of a new public house reopening in the area.
Sam Ashton, Senior Business Agent at Christie & Co, who is handling the sale, comments, “This is a fairly rare opportunity that a pub becomes available on a ‘nil premium’ offering near York centre. The incoming tenants have the opportunity to invest internally, treating it as their own blank canvas and starting a new ten-year lease. We look forward to engaging with new prospective leaseholders and agreeing terms.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
M: +44 (0) 7721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Sam Ashton, Senior Business Agent – Licensed & Hospitality
M: +44 (0) 7732 497 878 or E: sam.ashton@christie.com
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