A popular Goole town centre sports bar which benefits from 10 en-suite letting rooms is being marketed for sale by specialist licensed property advisers Sidney Phillips.
The Drake, which is situated on Aire Street in the heart of the up and coming inland port town and conservation area of Goole and offers a fantastically rare opportunity for a first-time buyer or experienced operator to take over this already successful public house.
The town of Goole has enjoyed major investment in recent years, with the likes of Siemens, who have agreed a £1.5 billion contract to develop and commission trains within a factory near the M62 which could employ up to 950 people in skilled engineering and manufacturing roles, investing in the area. One of the UK’s leading premium biomass wood pellet producers Y Pellets are also making a £10 million investment into the town by creating a biomass plant at the Goole 36 industrial park. Even more great news for the town was announced recently as fast-growing Beal Homes have submitted detailed plans for the first phase of their large-scale development of 800 homes in the award-winning housebuilder’s largest ever single scheme. Beal intends to build houses on a 73-acre site in the town over a 15-year period, creating a development with an estimated value of £130 million.
This 4 Star Inn currently boasts an established business which offers a diverse breakfast menu that is available 7 days a week and includes both a vegetarian and children’s offering. It is enjoyed by locals of the town and guests who may be staying in one of the 10 luxurious en-suite bedrooms found on the first and second floors of the property. A wide selection of local and more well know popular real ales are also available at the sports bar and prove an attraction for residents to frequent the business.
Zaine Lamont Regional Valuations Manager for the Eastern Counties commented “In 2014 our clients, a team of professional property restorers, bought the former dock offices with a dream of expanding their already established hospitality business within Goole. The Drake is a prime example of a beautiful building that has been tastefully and sympathetically restored and is now being used once again as one of the town’s most popular live sports and drinking venues.”
“It offers the opportunity for a new owner/operator to immediately take the reigns on a successful business within a building that oozes character and with the investment that has already and that is due to take place within the town we expect trade and footfall to significantly increase within the coming years potentially making this a truly rare investment the likes of which are uncommon in today’s market.”
The Freehold interest of The Drake is currently available at a guide price of £325,000.
For further information about businesses for sale through Sidney Phillips for more information Click here for more detail or call the Eastern Counties office on 01522 500059.