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, commented, “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.”
