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2 bedroom pub for sale

ASHBOURNE DERBYSHIRE REF: 6679 LEASEHOLD

£39,000

Property Description

Commercial information

  • Business for sale

Key features

  • Grade II listed traditional fine dining inn located in Ashbourne.
  • Beautiful 3 storey picture post card venue.
  • Contemporary style Restaurant (circa 20); Dining Area (circa 12).
  • Cosy Snug Bar with feature open fireplace.
  • Situated on cobbled pedestrian only thoroughfare.
  • 2 Double bed owner’s accommodation.
  • Advised T/O circa £337,225 (incl. VAT) year end Nov 2010.
  • Trade split is approx. 65% wet and 35% food.
  • Long renewable lease with 25 years remaining.
  • IMMEDIATE SALE REQD. HENCE REDUCED PRICE.

Full description

Tenure: Leasehold

LOCATION
This superb, attractive and thriving business is located in the middle of the historic market town of Ashbourne in the Derbyshire Dales at the southern edge of the Derbyshire Peak District, bordering the National Park. Ashbourne is a highly sought after town dating back to the Saxon times and listed in the Doomsday book as ‘Esseburne’. It was granted a charter for a market in 1257 and made a royal borough in 1276. It is renowned for its quaint Georgian architecture and streets with a wide range of interesting shops, and the historic cobbled market place. Ashbourne is also famous for its annual two-day Royal Shrovetide Football Match, attracting several thousand players and visitors – a tradition dating back to 1667.

Ashbourne is a popular stopping off point for the many tourists, walkers and holidaymakers who come to the region. Local attractions include: Dovedale, one of the Peak District's most beautiful dales, with its famous ‘stepping stones’ across the River Dove; the Tissington Trail, a popular recreational walk and cycle path; Ilam Hall and Park; Carsington Water, a reservoir with water sports centre surrounded by numerous trails set amidst spectacular scenery; and Britain's favourite theme park, Alton Towers.
The property lies on the main A515 with the city of Derby only 12 miles away. The nearby A50 provides a good link to the motorway networks and East Midlands Airport. Ashbourne is within the highly sought after catchment area for Queen Elizabeth Grammar & Ecclesbourne Schools.

THE PROPERTY
This traditional grade II listed building is thought to date back to the early 1700’s. It is a 3 storey rendered building under a pitched, tiled roof and occupies an excellent prominent position on the cobbled Victoria Square in the town centre.
The character Snug Bar (circa 10 + standing) is reminiscent of a Dickens novel with its solid wooden floor and exposed beams throughout. It
features a brick and stone fireplace with a warming open log fire, fixed perimeter seating, loose tables, chairs, stools and polished wood traditional bar server. Excellent Ladies & Gents W.C.s.
The Dining Area (circa 12) has charming exposed beams, Milton tile floor, sash bay window, quality high back leather chairs with loose tables and a feature fireplace with log burner that also opens in to the Restaurant area.
The Restaurant (circa 20) is a bright open dining area with exposed beams, stylish high back leather chairs with loose tables and 2 feature fireplaces.
There is a Store room, a 2nd set of Ladies & Gents W.C.s and stairs to 2nd floor kitchen area.
There is a lower-ground floor cellar.

On the 2nd floor is a large well equipped commercial catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a separate wash-up area. There is also an office with storage and a private lounge with stairs to the 3rd floor owner’s accommodation.

OWNER’S ACCOMMODATION
The owner’s accommodation is situated on the 3rd floor and briefly comprises: 2 double bedrooms, lounge, fitted kitchen and bathroom with separate shower.


EXTERNAL
To the front of the building there are 6 x 8 seat quality wooden picnic benches, set within the beautiful pedestrianised cobbled courtyard style square.


TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon- Thurs 11am to 11.30pm
Fri-Sat 11am to midnight
Sunday Noon to 10.30pm

Current opening hours are:
Mon - Sat 11am to 11pm
Sunday 12noon to 10.30pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 25 years remaining of the Marston’s full repairing and insuring, renewable agreement. We are informed that the rent is currently £29,677 per annum to be reviewed in 2013. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from mains services (no services seen or tested). Business rates payable are advised as currently being circa £8,876 per annum.

THE BUSINESS
The current owners purchased the business 3 years ago and are reluctantly selling in order to pursue other business interests. The present owners have refurbished the trading areas and built up the trade to its current level. They have established a solid trading foundation offering quality food and drinks in superb surroundings. The business has a superb reputation with our client benefiting from a high percentage of repeat and regular customers, gains from word of mouth recommendations as well as being able to take advantage of the large numbers of tourists that visit the area. We are advised that accounts declare takings of circa £337,225 inclusive of VAT for year ending November 2010 - with a trade split of 65% wet and 35% food. Whilst the business is currently thriving and profitable, we feel that there is clearly further scope for new owner operators to take this business further by embarking upon an intensive marketing and website advertising campaign. Accounting information will be made available to interested parties after viewing. Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

TRAINING: For a brochure and dates of our award-winning training courses leading to the relevant B.I.I, qualifications (and APLH). Telephone (01332) 865112 or view on www.guysimmonds.co.uk Courses are monthly.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions (note; 1ft. = 0.348 m), distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.


To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 903061 Local call rate

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Disclaimer

Property reference 6679. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.