• Restaurant investment with a large car park and outside seating, close to junction 37 of the M62

• Passing rent of £48,000 per annum

• Site area of approximately 0.89 acres

• VAT not applicable

• To be sold via Knight Frank Auctions on Thursday 7th May (will not be sold prior)

Property Description

On the instructions of Joint Receivers.

The property comprises a high quality bistro/restaurant with substantial external space for additional seating and a large car park for approximately 70 vehicles, situated on the northern side of Barnhill Hall.

We understand the site benefits from vehicular and pedestrian access from Selby Road. Interested parties should refer to the legal pack and rely on their own enquiries in relation to any legal easements.

Floor area (1)
321.63 sq m (3,462 sq ft)
(1) Knight Frank have not inspected or measured the property. Areas and accommodation have been provided by the vendor.

Site area
Approximately 0.89 acres

Tenancy
Subject to a lease to The Bull & Lobster (2) for a term of 10 years expiring 01/06/2034, with a passing rent of £48,000 per annum and a rent review on the 5th anniversary (01/06/2029).
(2) Trading from three sites in the region

VAT
Not applicable

Viewings
Interested parties are advised to view during opening hours. Please do not disturb the tenant, staff and customers.

Note
The plan forming part of the marketing particulars is for illustrative purposes only. It should be noted that a small part of the property extends beyond the southern boundary. Interested parties are advised to refer to the plans provided in legal pack and to make their own enquiries to verify the boundaries and extent of the property.
As reflected in the auction particulars for this lot, a part of the restaurant property extends beyond the southern boundary and sits on another title, being Land and buildings at Barnhill Hall, Selby Road Howden DN14 7JP (title number YEA38670) (the Neighbouring Property). For the avoidance of any doubt, the part of the restaurant property that sits on the Neighbouring Property is a section of the restaurant's kitchen. The Receivers are not appointed over the Neighbouring Property and have no authority or responsibility in respect of its sale. The Receivers are solely appointed over the Land adjoining Barnhill Hall, Selby Road, Howden, Goole, DN14 7JP (title number HS276590) and are selling the land and property which sits within the red line curtilage demarcated on the title plan for the property (and as can be found in the legal pack). The images used for the auction entry are for illustrative purposes only and are not, in any way, intended to be relied upon as a representation or warranty or otherwise of the extent of the property that is being sold. The purpose of this statement is to ensure that any interested party goes into a purchase knowing that there is a potential boundary issue that would need to be resolved with the Neighbouring Property.

This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.

Location

Howden is a small historic Market Town and Civil Parish in the East Riding of Yorkshire. It lies north of the M62 and the A614, approximately 17 miles south‑east of York and 3 miles north of Goole. Nearby to the south is the River Ouse, which passes through Goole and, the Town is served by a railway station which is situated in North Howden and gives services to Leeds, Selby, York and London. The property is located to the rear of Barnhill Hall. Access to the property is via Selby Road, which subsequently links to the A63 Barnhill Lane, providing access to Howden, approximately ¾ mile to the east. The A63, which is the main arterial road through Howden, also provides access to Boothferry Road and subsequently A614, which link through to Junction 37 of the M62 Motorway.

Occupancy

Tenanted

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.