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See how verdicts work1-bedroom house · YO14 9DZ
Listing removedListed 110 days
Opportunity summary
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About
For sale | Former Cinema premises located in the centre of the popular seaside town of Filey, North Yorkshire.
The premises are currently arranged as very successful Public House with extensive warehouse accommodation. Business open as usual.
Cph Commercial are delighted to bring the freehold interest of this mixed use and versatile premises to the market.
We understand the property was purpose built around the 1900’s as a cinema and has recently very successfully traded as a public house (The Buccaneer) with a renowned restaurant attached (The Smugglers Cove) which specialises on Sunday Carveries and steak nights.
The pub and restaurant are accessed via an inviting entrance foyer with covered canopy from Union Street, with stairs leading up to the first floor accommodation.
The inviting main bar benefits from a timber bar servery with a mix of upholstered fixed perimeter seating and timber tables and chairs providing 62 covers together with both male and female toilet facilities.
Timber doors lead into the themed Smuggler’s Cove restaurant which again benefits from a further timber bar, 56 covers, the cavery counter and toilet facilities included disabled.
Double timber doors finally lead into the commercial kitchen which is well equipped with items such as a ‘Rational’ self cooking centre, ‘Masterchef’ six ring gas burner, full extraction system ‘Lincat’ fryers and griddle, a number of fridges and freezers together with stainless steel benches and sinks.
The bar and restaurant benefit from a number of inset air conditioning / heating units within the suspended ceiling and also has an external metal stair providing a fire escape from this level.
The ground floor accommodation is occupied by the owner’s very successful and well regarded fruit and veg whole business.
This space can be accessed via the main entrance foyer, or via two sets of double entrance doors set within the northern elevation.
The accommodation is largely open plan in nature with various cold stores, office accommodation and toilet facilities being noted.
Stairs from the entrance foyer lead down to the basement which provides the cellar for the pub together with generous storage.
We have been instructed to seek offers for the freehold interest in the building with a new buyer having the opportunity to continuing trading the profitable bar and restaurant business, which regulary attracts over 250 covers each Sunday for it’s cavery.
Trading figures are consistant and will be provided to seriously interested parties.
The fruit and veg business could remain in occupation if desired by the incoming buyer and sign a commercial lease on terms to be negotiated.
They would be willing to relocate should a buyer have other uses for this part of the building.
This is a rare and unique opportunity to acquire the freehold interest in the grand building in Filey town centre which could be utilised for a number of different uses - subject to gaining any required planning permissions.
Business Rates: Warehouse Rateable Value - £9,500 Pub & Restaurant Rateable Value - £15,750 Energy Performance Certificate (EPC): Please call cph today to register your interest and arrange a viewing or .
Tenure: Freehold with Vacant Possession
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
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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Area
Agent & docs
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FAQ
About 8 to 12, Union Street, Filey
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