Specialist licensed property adviser Christie + Co have been instructed to market a former Bass Taverns public house on behalf of the current owners Punch Taverns. The property is offered for sale jointly with Fleurets.
Monroe’s Bar in Gillygate, York has seen a number of reincarnations since owners Punch Taverns acquired the property in 1998, but for many it will always be known as The Bay Horse.
Punch secured a planning consent in July 2015 for the development of a 62 bed hostel and licensed café but decided against implementing the scheme themselves in favour of bringing this rare freehold opportunity to the market.
The property provides a gross internal area of 377.7 sq m (4,065 sq ft) over ground, first and second floor levels with additional basement storage. An external terrace is provided at the rear of the property along with provision for car parking – something of a rarity for such a centrally located property.
Gillygate is one of York’s thriving and eclectic streets abutting the historic city walls and is home to a varied mixture of business, academic and residential uses.
The University of York St John is situated within 100m of the property whilst the newly refurbished City Art Gallery which reopened following an £8m refurbishment this summer and the Theatre Royal, itself the subject of a £4m renovation project, are located within a couple of minutes walk.
York’s tourist economy welcomes some 6m visitors each year and the city is renowned for delivering some of the strongest occupancy rates seen in the UK hospitality sector outside London.
The property is offered at a guide price of £600,000 for the freehold interest. Christie + Co and Fleurets will be holding a series of viewing days in due course.