The Freemasons Arms presents a fantastic opportunity to acquire an established business with an excellent reputation.
The Freemasons would suit an operator looking to replicate our client's model but realistically an owner-operator living on site would be best positioned to drive the business forward, maximise its potential and afford themselves the benefits of living on site.
The main entrance doorway leads straight into a welcoming bar area with seating for around 18 and further standing room for more customers. The restaurant area is separated by a chimney breast with wood fuelled stove and seats a total of 36 customers. Ancillary areas include a beer cellar, fully equipped commercial grade catering kitchen, storage areas as well as customer toilets.
Fixtures and fittings are included with the exception of items that are personal to our client.
There is outside seating to the front of the pub providing for around 48 customers. This area has recently been redeveloped and improved, with the introduction of an Indian Stone patio. The car park is across the main road and there is ample parking elsewhere in the village.
At first floor level, accessed via an internal staircase behind the bar, is recently refurbished and very well presented, two bedroom owner's accommodation, with open plan lounge/kitchen area and shower room.
Gross turnover for the period Jul 21 - June 22 is c. £396,000 . Sensible forecasts once fully reopened for a 12 month period, suggest a gross turnover of c. £446,000.
The Rateable Value as per the April 2017 list is £12,950. Confirmation of rates payable should be sought from the Local Authority.
Opposite the pub and adjacent to the car park is an area of land, currently occupied by sheds used for storage, which has a planning application in with the local authority for the construction of two self-contained holiday accommodation units with associated parking. The development plot is to be included in the price of the pub at £495,000. Hambleton Council Planning Ref. No: 21/01427/FUL - Construction of 2 self contained holiday accommodation units with associated parking
Our clients estimate that once complete the cottages will generate a combined rental income of £31,200 per annum (as of 2021).
Adjoining the pub is the charming and luxurious, Nosters Cottage. Comprising two bedrooms and sleeping four guests, with lounge/dining area and kitchen, the cottage is decorated to an impeccable standard and is fully equipped for a home from home experience. EPC - C
Nosters Cottage is currently let on an assured shorthold tenancy generating £750 pcm rental income but this arrangement can be terminated with two months' notice. Calculations done by a well respected Holiday Cottage agent suggested the cottage is capable of rental income of £15,600 per annum when rented out on a short-break basis (based on 2021 figures).
The owner expects this cottage to achieve a price in the region of £295,000.
Mains Water
Electricity
Drainage
Oil fired central heating
In accordance with The Estate Agents Act 1979, prospective purchasers please note that the vendor is a relative of an employee of Joplings Estate Agents.
RIPON: Monday - Thursday 9.00 a.m - 5.30 p.m
Friday 9:00 to 5:00
Saturday 9.00 a.m - 1.00 p.m
Sunday Closed
Joplings is a long established independent practice of Chartered Surveyors, Residential and Commercial Sales & Letting Agents, Building Surveyors and Valuers with offices in both Ripon & Thirsk.
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Joplings Property Consultants are a Division of Thirsk Farmers Auction Mart Co Ltd
