Summary - George & Dragon Inn YO62 6AA
1 bed 1 bath Hotel
Income-producing property with strong conversion upside for investors.
Turn-key freehold hotel and trading business with management team included
Turnover circa £700k; sellers report ANP over £200,000
GDV potential over £2.5m for apartment conversions across three buildings
Tinley Garth already granted residential change-of-use planning permission
Large site >1,000 sq m with rear garden and off-street parking for ~20 cars
Requires fabric and interior refurbishment to maximise conversion value
Central high-street location near North Yorkshire Moors National Park
Sale price Offers Over £900,000 for whole business and buildings
A rare freehold hospitality investment in the centre of Kirkbymoorside, offered as a turn-key, fully managed business with strong trading history. The George & Dragon comprises three connected properties across more than 1,000 sq m, producing annual turnover around £700k and adjusted net profits reported above £150k historically; sellers state an annual net profit (ANP) over £200,000. The site includes a 60-cover restaurant and bar, a large commercial kitchen, managers’ accommodation, 20-plus letting bedrooms and significant parking and garden space.
The buildings present clear development upside. Tinley Garth already has planning permission for residential change of use, and headline GDV for converting all three properties to holiday or residential apartments is quoted at over £2.5m. The Coach House and ground/first floors of the main pub are described as easily convertible to multiple apartments, boosting long-term value for holiday-let or residential letting investors.
Buyers should note material refurbishment and reconfiguration works will be needed to realise that GDV. External stone and brick elevations show wear and internal layouts require reordering for apartment conversions; some investment in fabric, services and fit-out is likely. The sale includes fixtures and fittings not deemed personal to the vendors and offers on a freehold basis at £900,000 for the complete trading business and buildings.
This is best suited to an investor or small operator seeking an income-producing, managed hotel with short-term cashflow and medium-term redevelopment potential close to the North Yorkshire Moors National Park. The property benefits from central high-street location, off-street parking, a garden, and steady visitor demand from a popular tourist catchment, but requires active capital and project management to unlock full value.
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