2-bedroom property · YO18 7BE
Listing removedReduced £50k (−8.7%) on 20 JunListed 396 days
Opportunity summary
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About
Full Description A fine opportunity to acquire the freehold of this very profitable fine dining licensed restaurant with two storey two bedroomed fully furnished maisonette above, centrally located in the busy tourist town of Pickering.
The restaurant Willowgate Bistro is a highly regarded, long established business that enjoys an excellent reputation for its quality locally sourced food and fine dining experience.
Currently the business opens on a Thursday, Friday and Saturday evening and achieves a turnover of around £ 150,000 per annum.
The ground floor consists of a 38 cover dining area, custom built solid oak bar, well equipped commercial kitchen, WC and dry storage area The 2 storey upstairs accommodation consists of a porch, hallway, spacious living room looking out onto the market place, a luxury bathroom, a newly built kitchen and dining area leading out to a spacious private roof terrace with a stunning church view.
On the 3rd floor there are 2 double bedrooms one of which has a walk in dressing room and a landing area with fitted wardrobes.
Ideal property for an owner occupied lifestyle business that makes money from the off or as the restaurant and fully furnished maisonette have separate utilities and entrances it would make an excellent investment property.
Extra Details : The maisonette is council tax band A. The restaurant has an EPC Rating of C valid until 2034 and a rateable value of £5,900 This property is not a listed building.
Full accounts available for interested parties after viewing. **enquiries** For all enquiries, viewing requests or to create your own listing please visit the Emoov website.
If calling, please quote reference: S5321 Porch (5.1' x 3.3') Front door into quarry tiled flooring with double glazed window overlooking the churchyard. Hallway Karndean flooring.
Radiator, double gazed window overlooking the church yard, doors leading to sitting room, bathroom, kitchen and stairs to upper floor.
Sitting Room (15.5' x 14.4') Karndean flooring, radiator, 2 double glazed sash windows overlooking the market place, 1 double glazed window overlooking the church yard, black glass built in electric fire.
Bathroom (10.5' x 8.8') Karndean flooring, heated towel rail, double glazed window with privacy glass, free standing bath, WC, built in sink unit, walk in shower, extractor fan.
Kitchen Diner (13.2' x 12.5') Karndean flooring, radiator, luxury white gloss kitchen consisting of wall and base units, built in electric double oven, 5 ring gas hob, integrated washing machine and dishwasher, utility cupboard housing gas boiler, vaulted style double glazed windows and double doors leading onto roof terrace.
Roof Terrace (12.3' x 12.6') Timber decking, outdoor solar wall lights, stunning views of the church.
Bedroom One (14.4' x 11.5') Cathedral style ceiling, radiator, double glazed dormer window overlooking the churchyard, way through to walk in dressing room.
Dressing Room (6.11' x 5.80') Walk in dressing room with cupboards and rails. Bedroom Two (12.60' x 8.11') Cathedral style ceiling, radiator, double glazed dormer window overlooking churchyard.
Bistro Bar And Dining Area (32.1' x 14.6') Karndean flooring, 2 radiators, large triple double glazed window overlooking the market place, set for 22 but space for 38 covers, custom built solid oak bar area with coffee machine, grinder, wash basin, wine racking, ice making machine and 2 under counter fridges.
Bistro WC (6.7' x 4.3') Tiled walls and floor, WC, hand wash basin, electric hand dryer and cupboard housing gas boiler.
Bistro Kitchen And Storage Area (21.2' x 12.8') Gas cooker, 2 fryers, double stainless steel fridge, freezer, dishwasher, glass washer, microwave ovens, wine fridge, stainless steel benches, twin bowl stainless steel sink unit, separate hand wash basin, food mixers and various other commercial kitchen items .
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
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Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
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