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.
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.
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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
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