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7 bedroom pub for sale

BELPER DERBYSHIRE REF: 6880 FREEHOLD

£675,000

Property Description

Commercial information

  • Business for sale

Key features

  • On the junction of the A517 road to Ashbourne, the Alderwasley road.
  • Classical and authentic Mediterranean Restaurant (68 covers).
  • The building oozes charm with its thick stone walls.
  • 7 well presented and characterful en-suite letting rooms.
  • Advised sales for Y/E Feb 2010 circa £280,000 (incl VAT).
  • 60% wet, 20%food, and 20% accommodation.

Full description

LOCATION
The business is well located just outside Belper on the A517 Belper to Ashbourne road. Apart from Belper and Ashbourne, the city of Derby is only 8 miles down the A6. The proximity of Belper to the A38 means that junction 28 of the M1 motorway is only 15 minutes away.
The catchment is excellent, with the affluent Derby suburbs of Allestree, Duffield and Quarndon being within easy access, and the villages between it and Ashbourne and Matlock all providing an ideal customer base. The inn is located in the Derwent valley, which holds World Heritage Status and the road to Ashbourne leads to the spectacular Derbyshire Peak with idyllic places such as Dovedale and Bakewell. The A6 through Matlock Bath leads to the stunning scenery afforded by the Hope Valley, Ladybower Reservoir and stately homes like Chatsworth and Haddon Hall. This rural idyll attracts walkers, day-trippers, holidaymakers, as well as a core local market seeking top quality food in superb surroundings. Within yards of the property is the Tourist Office at the site of the East Mill built on the banks of the River Derwent to power the water cotton spinning mills. Also in this area are two beautiful gardens the Bearepaire Gardens directly opposite our outlet and the bigger River Gardens complete with lake and bandstand. However the most impressive feature must surely be the Horseshoe Weir originally built in 1797 but extended in later years.

THE PROPERTY
The property has a wealth of character with exposed beams, stonework and roaring open fires prevalent.
The internal front entrance lobby leads directly into the Main Bar. The area immediately to the right of the entrance has 2 large tables and seating for (8 persons), as well as a few bar stools around the bar servery. This end also encompasses a lovely large open stone fireplace. To the left of the entrance is an area with fixed pew like seating loose chairs and stools accommodating (20 persons seated).
To the rear is the Lounge which feels a little cavern like with its thick stone walls low ceilings and beams seating (13 persons) in leather sofas or chairs. In the centre of the lounge and bar areas is the Bar Servery that also faces the front entrance, ideal for greeting customers on arrival.
Ladies and Gents WC’s.

There is a staircase running off the lounge area to the Restaurant. This dining area has an elegant Mediterranean appeal, with its stone walls tiled floors and open fireplace central to the lower area of the restaurant.

The top level of the restaurant has its own servery for wines, desserts and coffees and a few larger tables (14 diners). The bottom half of the restaurant is a contrast to the rest of the inn with its low ceilings, in that this area has high ceiling and is more akin to a fine banqueting hall. The lights in the restaurant are all on dimmers and therefore it is possible to set exactly the right ambience.
Leading directly off the lower restaurant floor is a large galley style Catering Kitchen. The kitchen is fully equipped with stainless steel appliances and preparation surfaces (equipment not tested).
There is a good-sized lower ground floor beer cellar accessed off the bar area.

LETTING ACCOMMODATION
The letting rooms are accessed off an entrance lobby to the front of the building and to the right of the main entrance. There are 7 en suite letting rooms (note one has its own bathroom across the corridor). The rooms are all tastefully decorated and furnished to provide a high quality of accommodation. The en-suite bathrooms are all of a decent size and have good quality fittings. The owner currently utilises one of these letting rooms for his own use, which could be replicated by new owners depending on their living requirements.

EXTERNAL.
To the front of the property there is a hard area used for tables and chairs in the summer months. To the left hand side of the property is an enclosed tarmac car park (12 spaces) and a small raised grass lawn.
Across the road from the inn is a further tarmac car park (20 spaces), not owned, but for which a covenant (not seen) exists for parking.

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 4am
Sun 12 noon to midnight

Current opening hours are as follows:
Mon – Fri 6.00pm to 11pm
Sat 6.00pm to midnight
Sunday 6.00pm to midnight

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 the Public House. Guy Simmonds hold this 1 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 £11,230 per annum.

THE BUSINESS
Our vendor client, in situ for the past 14 years has operated this outlet and established a solid trading foundation. The owner however operates this business by himself with a few staff and therefore it has been run on very limited opening hours. The opportunities abound for a ‘hands on’ partnership to increase the hours, for example opening for Sunday lunch is surely a priority. The business could also do with more external promotion, as the outlet has a lot of passing trade. Internally there could be more invention around the food offering which presently relies on one menu aimed at the evening trade.
We are advised that the accounts declare takings of circa £263,000 inclusive of VAT for the year ending Feb 2011 with 60% wet, 20% food and 20% accommodation.
Our vendor is keen to retire having been involved in the business for many years, but the business offers a new ‘hands on’ fully focussed entrepreneurial partnership , with experience of running a food outlet an excellent business proposition.
Accounting information will be made available to interested parties after viewing.
The property was viewed by Edward Wills who would be delighted to discuss further details and can be contacted on 07710 204304
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.



Energy Performance Certificates (EPCs)

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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Property reference 6880. 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.