The Lord Nelson Pub is lively spot known for its welcoming atmosphere and scenic view located in a prime position on the promenade in Scarborough, it sits right opposite the lifeboat house. A large four-story building with a great vantage point for the sea views from all front facing windows. Ground floor is predominantly entertainment and bar area with stage. The view from the front windows is a 180-degree panoramic Seaview of Scarborough Bay from Marina to Spar entertainment complex. The commercial kitchen is adjacent to family friendly restaurant on the 1st floor. There is seating capacity for 60 covers as once as well as a substantial carvery unit for Sunday lunches. Ground floor trade is entertainment and especially well known for its karaoke.
Consists of a self-contained one bedroom flat with private kitchen, lounge and bathroom toilet combined. There are other potential rooms on this floor could be incorporated into domestic accommodation if required. There is also an additional bathroom toilet that could also become domestic use.
Stock & Glassware: £4,000.00
Cash Float: £1,000.00
Forecast Wet Turnover: £350,918.93
Forecast Dry Turnover: £95,838.26
Forecast Other Turnover: £0.00
Forecast Turnover: £446,757.20
Year 1 Rent: £0.00
Guide Rent: £29,000.00
Initial Deposit: £0.00
Full Deposit: £7,250.00
Full Tie Release: £44,250.00
Agreement Fee: £775.00
Repair Fund: £2,000.00
Fixtures & Fittings: £20,000.00
Working Capital: £10,000.00
The pub has a well-established business, combining wet trade, 1st floor restaurant and a thriving entertainment scene. Visited by locals and holiday makers of all ages who visit for good quality Food & Drink. This is a revenue stream which could be developed further.
This pub would suit a great community publican, with food & entertainment experience.
Live sport has a huge potential for a proven publican with catering experience to grow the business.through development of the food & sport offer.
Development opportunities on the 2nd & 3rd Floors.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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