If you’re looking for a pub tenancy in Hereford, run The Former Yates Bar !
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Pub Tenancy In Hereford – Run The Former Yates Bar !
Hereford is a cathedral city, located 23 miles north-west of Gloucester and 23 miles south west of Worcester. Hereford has a population of approximately 192,000 residents. The city is hugged by the River Wye and is well known for its golden-stone cathedral. The city provides excellent train links from Hereford to Worcester (44 minutes) and Cardiff (just over 1 hour). The former Yates fronts the busy Commercial Street with nearby occupiers including The Kings Fee (JD Wetherspoon) and Hogarths (Amber Taverns) along with a mix of national and independent operators
Property Details:
Hereford is a cathedral city, located 23 miles north-west of Gloucester and 23 miles south west of Worcester. Hereford has a population of approximately 192,000 residents. The city is hugged by the River Wye and is well known for its golden-stone cathedral. The city provides excellent train links from Hereford to Worcester (44 minutes) and Cardiff (just over 1 hour). The former Yates fronts the busy Commercial Street with nearby occupiers including The Kings Fee (JD Wetherspoon) and Hogarths (Amber Taverns) along with a mix of national and independent operators.
The premises is arranged over basement, ground and first floors.
Ground Floor: Open plan trading area with central bar servery and seating on loose tables, chairs and bench seating for approximately 130 customers along with a dance area and DJ Booth. Ancillary areas comprise a disabled WC to the rear.
Basement: Large storage area with well-equipped large cellar and a number of storage areas.
First Floor: Good sized, well-equipped trade kitchen, office, ladies & gents toilets and managers accommodation comprising a living room with kitchen and a double bedroom with en-suite.
There is a good sized enclosed trade garden to the rear of the property with outside bar, TVs and seating for circa 100 covers.
Trading Style:
Formerly traded under the Yates brand, the business currently offers an all day value food and drink concept with SKY Sports, TNT and Live DJs until late.
Private Accommodation:
Managers accommodation is located on the first floor and comprises of a living room with kitchen and a double bedroom with en-suite.
Applicant Profile:
The property has been traded under the Yates brand for a number of years and prior to that was a Litten Tree.
Ideally would suit a branded Managed business or numerous other concepts looking to gain a prime trading location in the City of Hereford.
The business also benefits from a late night licence with trading hours for the sale of alcohol until 2am.
Financials & Tenure.
Agreement type: 10 Year Free of Tie Lease
Rent: £75,000
Ingoings: 25% annual rent deposit plus working capital. Inventory value to be confirmed following valuation
The property has been traded under the Yates brand for a number of years and prior to that was a Litten Tree.
Ideally would suit a branded Managed business or numerous other concepts looking to gain a prime trading location in the City of Hereford.
The business also benefits from a late night licence with trading hours for the sale of alcohol until 2am.
