Leisure for sale - Poachers Barn, Osgodby Lane, Scarborough, YO11 3QH

<strong>Description</strong><br>The Property comprises a Grade II Listed detached two storey public house, which was originally constructed in the late 18 Century. The elevations are of both stone and brick construction, partially rendered, set beneath a pitched tile covered roof. To the rear there are both single and two storey flat roof extensions.<br /> <br /> The Property has an approximate site area of 0.89 acres.<br><br><strong>Accommodation</strong><br>Ground Floor<br /> The ground floor trading area comprises a central bar servery to a public bar and rear lounge, which has a games area and dining for approximately 50 covers. Ancillary areas included WC’s (including disabled), commercial trade kitchen, cellar, office and store rooms. The letting accommodation has a separate entrance leading to a reception room with dining and a lounge area. Former store and WC’s, which are presently not in use.<br /> <br /> First Floor<br /> The first floor provides a function room, customer WC’s and four letting bedrooms with two communal bathrooms. The manager’s flat is also located on the first floor which comprises three bedrooms, lounge, kitchen and a bathroom.<br /> <br /> Externally<br /> Externally to the rear is an enclosed beer garden, with tables and chairs for approximately 140 customers, and children’s play area. Car parking to the front and either side for approximately 40 vehicles. Rear enclosed yard and private garden. To the side there are single storey outbuildings used for storage.<br><br><strong>Planning</strong><br>The property is not listed and not located in a conservation area.<br><br><strong>Rateable Value</strong><br>£26,000.<br><br><strong>EPC</strong><br>D - 93.<br><br><strong>Tenure</strong><br>The Property is held freehold (Tile Number NYK218095), subject to and with the benefit of an Occupational Lease to Marston’s Plc (Company Number 00031461).<br><br><strong>Tenancy</strong><br>The property is let to Marston’s Plc on a fully repairing and insuring lease, subject to a schedule of condition, for a term expiring on 22nd November 2031. The lease is drawn within the Security of Tenure provisions of the Landlord & Tenant Act 1954.<br /> <br /> The passing rent of £46,371 p.a. The lease is subject to an upward-only rent review on 23rd November 2026, in line with RPI, with a collar of 1% and a cap of 3%. The rent will be “topped-up” to £53,744 p.a. in line with the RPI provisions.<br><br><strong>Covenant</strong><br>Marston’s Plc (Company Number 00031461), established in 1834, is one of the UK’s most established operators of pubs, restaurants and hotels, with 1,328 sites, of which 83% are owned freehold (29 March 2025). Marston’s is listed on the FTSE250 with a market capitalisation of £358.39 million (11 March 2026).<br /> <br /> Marston’s disposed of its 40% stake in Carlsberg Marston’s Brewing Company (CMBC) in July 2024 (FY2024) for net proceeds of £202.6 million. This disposal has been transformational for the business, helping them reduce their debt position.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £680,000 (£69/SQ FT) which reflects a Net Initial Yield of 7.51% after deducting the usual purchasers costs.<br /> <br /> The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.<br><br><strong>VAT</strong><br>It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.<br><br><strong>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.<br><br><strong>Viewings</strong><br>All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further<br /> information and all viewing requests please contact the sole selling agents Savills.<br><br>