Summary - 1, LITTLE STONEGATE YO1 8AX
1 bed 1 bath Restaurant
Rare city-centre freehold with two established brands and high turnover potential.
Freehold restaurant and bar in prime Little Stonegate location
A rare freehold hospitality opportunity in the heart of York’s busiest leisure pitch on Little Stonegate. The property houses two established brands—Kennedy’s Bar & Restaurant and Sotano Tapas Bar—operating over multiple floors with a roof terrace, pavement seating and a combined capacity of more than 250 covers. The business has traded from this site under the same ownership for nearly 25 years and shows historic maintainable turnover of c.£2.1m with adjusted net profit around c.£400k.
The building is fully fitted to a high standard and includes fixtures, fittings and goodwill. The basement is self-contained, creating straightforward potential for separate occupation, split operation or rental income. Licences are a strength: a pavement licence for 26 covers and an alcohol licence permitting trading between 8:00 and 03:00 (alcohol sales 10:00–02:40), supporting day-to-night trading and events.
Key positives include prime city-centre footfall by York Minster, roof terrace space (rare in York), a large indoor footprint (circa 5,846 sqft) and established brand presence with combined social reach. Practical points to note: the listed price and sale proposal differ across materials, stock is additional at valuation on completion, and tenure details are marked as unknown in supplied data. Prospective buyers should verify licence limits, planning potential and local authority requirements.
This opportunity suits an investor, experienced operator or group seeking an immediate trading platform with strong trading history, repeat customer base and high visitor volumes. It also offers scope for operational optimisation or brand growth, but buyers should allow for due diligence on commercial terms, local trading environment and the listed social factors that may affect staffing and security costs.
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