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4 bedroom pub for sale

ILKESTON DERBYSHIRE REF:6698 FREEHOLD

£299,950

Property Description

Commercial information

  • Business for sale

Key features

  • Busy main road frontage - stunning canalside location.
  • Inviting traditional Bar Area (circa 45) with feature fireplace and quality flooring.
  • Good sized Games Room (circa 25).
  • Relaxing Lounge (circa 55) with exposed beams, lovely feature fireplace and doors to patio garden.
  • Patio with smoking shelter and picnic benches; Canalside drinking area with picnic tables.
  • Excellent spacious 4 bedroom owner's accommodation.
  • Advised turnover circa £297,911 (incl. VAT) year end March 2010 - 100% wet.
  • Genuine potential for new owner-operators to introduce food.

Full description

Tenure: Commonhold

LOCATION
The business is located in the lively Derbyshire town of Ilkeston, on the busy main (A609) Nottingham Road to Trowell, just off M1 J26, which entices passing trade visiting the many local attractions. Ilkeston town is situated in the Erewash Valley, 9 miles N.E of Derby and 8 miles N.W of Nottingham. It is the third largest town in Derbyshire.
Standing on a hill, this former mining community remains a busy industrial town. A history of the town's industrial past is to be found in the Erewash Museum. Despite its industrial outlook, parks, trees and flower beds are a feature of the community. Ilkeston also played an important role in the writings of D. H. Lawrence (1885 – 1930), who was inspired by the surrounding countryside, which to this day benefits from the tourist trade and revenue this brings. Ilkeston holds twice weekly markets and every October there is a 3 day Charter fair, which began over 700 years ago and is now one of the largest street fairs in the country and well worth a visit.
The catchment is excellent - the town having had the benefit of redevelopment, with a recently-paved market square and quality high street shops. There is a large local retail park which includes IKEA, Tesco, Decathlon, Boots, BHS, Next etc.

THE PROPERTY
This traditional 19th century waterways inn is situated on the side of the famous Erewash Canal. Of mainly brick and tile construction, with pitched roofs. The large open plan Main Public Bar is accessed via double doors, which lead to the solid wooden island central bar servery with its integrated back bar display and classic poseur high stools, breaks the bright and airy main bar into smaller, more intimate, user areas.
The Games room, (circa 25 + standing) with pool table, exposed beams, feature fireplace, perimeter seating, church pews, loose-matching spindle chairs, stools and polished tables are set on a high quality wooden floor.
The Lounge, (circa 55 +) is well appointed with a stage area at either end, for the many live bands/artists and DJs, who fill the room weekly. The exposed beams, feature fireplace, upholstered chairs, stools and matching polished wooden tables, set upon a quality carpet give the room a truly welcoming feel.
The Bar area, (circa 45 + standing), with exposed beams, feature fireplace, comfortable perimeter seating , upholstered chairs, stools and matching polished wooden tables, set upon a quality carpet.
Excellent Ladies & Gents W.C.s.
Commercial catering kitchen (equipment not tested) – not currently used. There is a good-sized store room leading to the underground beer cellar. There is a further small cleaning cupboard.

OWNER’S ACCOMMODATION
Like the trading areas, the owner’s accommodation is of a high standard. There are two double bedrooms, two single bedrooms, new main bathroom with separate W/C, new kitchen and luxury lounge with bespoke art deco oak doors, panelling and marble fireplace.

EXTERNAL
On the left is the Erewash canal, used primarily by walkers, cyclists and pleasure cruisers alike, this in turn brings passing trade, that use the well positioned picnic tables next to the towpath, that give clear views of the working lock. On the other side there is an enclosed child friendly patio area with excellent purpose-built smoking shelter and wooden picnic benches. In addition there is a large brick built outhouse, providing more storage.

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- Sat 11am to Midnight
Sun 12am to 11pm

Current opening hours are:

Mon - Wed 12noon to 11pm
Thurs-Sat 12.noon to midnight
Sunday 12noon to 10.30pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH qualification in readiness for their intended operation of it. Guy Simmonds hold this one-day APLH course every month. Please telephone us to reserve your place, or book on-line at www.guysimmonds.co.uk

GENERAL REMARKS
The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with gas central heating (no services tested). Business rates payable are advised as being circa £8,177 per annum.

THE BUSINESS
Our clients, the current owners, purchased the rundown business in 2006, and are reluctantly selling in order to pursue other business interests. The present owners have refurbished the trading areas and living accommodation to a high standard, investing heavily in time and money. They have built up the trade to its current level, increasing T/O year on year. They have established a solid trading foundation, offering quality drinks and entertainment in superb surroundings. The business has a superb reputation, with our client benefiting from a high percentage of repeat and regular customers. We are advised that accounts declare takings of circa £297,911 (incl. vat) year ending March 2010, with reconstituted profits of circa £46,000 (adding back directors’ wages, wage savings of manager, dep’n and one off costs). This has been achieved with no food offering, which new owner operators could introduce to increase turnover. Opposite, a new development of 16 houses is under construction.
The current owners have a young family and many other business interests, hence only one of the owners is employed in the business. New owners who were both able to work full-time in the business could achieve significant wage savings.

Accounting information will be made available to interested parties after viewing.

Viewing appointments must be made via 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, 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 448091 Local call rate

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Disclaimer

Property reference 6698. 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.