FOR SALE
653932
96564 / Rightbiz
Prime Leeds city centre location
Ground floor trade area (100)
Function room (40)
Sizeable trade kitchen
Two bedroom owners’ accommodation
New lease available
Location:
Leeds is a vibrant city and the unofficial capital of Yorkshire, serving as a major northern hub. The city blends striking Victorian and Neo-Gothic architecture with a world-class food, shopping and nightlife scene. Leeds has multiple attractions including museums, Victorian arcades and the vibrant Granary Wharf and Leeds Docks waterfront areas.
The property lies on the corner of Wellington Street and Little Queen Street in a prime location serving the city's office/business district. The business faces Wellington Place, a 1,500,000 sq ft retail and office development.
Leeds is served by the M621 motorway and offers easy access to the national motorway network, including the M1 and M62. Leeds train station, which is approximately one mile from the property, is the busiest station outside London and rail services run nationwide.
Property:
The property occupies a corner plot and is set over three-storeys (plus basement). It is of brick construction and has approximately 7,685 sq ft of floor space. The property is not listed but does fall within the Leeds City Centre Conservation Area. It comprises:
Trade Areas
GROUND FLOOR:
ENTRANCE VESTIBULE leading to a split-level MAIN BAR AREA with a well-equipped, wood constructed BAR SERVERY with back bar and dumb waiter, plus a WASH-UP AREA. The trade space has a rustic yet modern interior with exposed brick, tile and mural wall décor and booth and loose seating for 100.
DISABLED ACCESS TOILET and LADIES' TOILETS. SERVICE STAIRWAY.
FIRST FLOOR
FUNCTION ROOM/ADDITIONAL TRADE SPACE with wood and tile flooring, bar servery and loose seating for 40.
TRADE KITCHEN which is of a good size and has Altro nonslip flooring, a hood canopy and a selection of catering equipment and appliances. REFRIGERATION ROOM and separate POT WASH ROOM.
GENTLEMEN'S TOILETS.
CELLAR to basement which features multiple STOREROMS, a KEG ROOM and a BEER DROP.
Owners’ Accommodation
SECOND FLOOR
Comprising: spacious LOUNGE, KITCHEN, ONE SINGLE & ONE DOUBLE BEDROOM, two good size STOREROOMS, a WC and a separate SHOWER ROOM.
Licence:
We are advised that a Premises Licence is held, although the agent has not had sight of this.
Services:
All mains services are connected.
Rateable Value: £63,500.
Local Authority: Leeds City Council.
Business:
The Editors Draught is currently closed, but this turnkey business offers a fantastic opportunity for an experienced and energetic operator or chef team to build a fast-paced, day-to-night trade in a high footfall area. This could be done by stocking premium and cask ales, offering entertainment and providing an extensive food service.
The property includes comfortable living accommodation.
We are advised that turnover for the year ended 2024 were in the region of £766,000, whilst the year ended 2025 showed a turnover of £620,000. Limited trading information is available but can be shared upon request and with the consent of our clients.
Tenure:
LEASEHOLD: Nil premium
TERM: New 10-15 year lease
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord’s consent.
BOND: A bond equivalent to three months’ rent in advance.
RENT: £85,000 per annum.
RENT REVIEW: 5 year open market rent reviews
REPAIR LIABILITY: Full repairing and insuring lease.
FIXTURES AND FITTINGS: Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair)
TIE: Free-of-tie.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will be payable on the rental payments
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'YORKSHIRE NEWSPAPER THEMED GASTRO PUB IN THE HEART OF LEEDS CITY CENTRE - 96564 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.