3 bedroom pub for sale

South Yorkshire: Sheffield

£89,950

Property Description

Key features

  • Opposite the 02 Academy and within a stones throw of the Crucible Theatre
  • Popular well known live music venue & Bar located in the heart of Sheffield city centre close to many major attractions and other circuit venues.
  • Lower Bar (occupancy 120) with good sized stage area, Dance Floor, Big screen, DJ area and sound & lighting systems.
  • Upper Bar (occupancy 140) with Oak Dance Floor, Big screen, DJ area and sound & lighting systems.
  • Kitchen area (currently unused) with dumb waiter to service all floors being easily converted to enable commercial use.
  • Highly desirable and very well presented 3-bedroom owner's accommodation.
  • Advised turnover circa 349,200 (incl. VAT) to end of March 2016 and business still in growth.
  • Trade 100% Wet sales (Opportunity to introduce a food offer).
  • Totally 'Free of tie' Private renewable lease with highly attractive rent (6% of Net turnover).

Full description

Tenure: Leasehold

REFERENCE NUMBER 7769

POPULAR AND ESTABLISHED THRIVING 'FREE OF TIE' LIVE ENTERTAINMENT AND MUSIC VENUE LOCATED IN THE HEART OF THE LOVELY BUSTLING SOUTH YORKSHIRE CITY OF SHEFFIELD

AN UNMISSABLE OPPORTUNITY TO ACQUIRE A WELL KNOWN LIVE ENTERTAINMENT BUSINESS AND BAR OFFERING FURTHER UNTAPPED POTENTIAL.

LOCATION
This well-known popular Live Entertainment and music venue is located in the heart of the newly redeveloped, thriving and bustling city of Sheffield close to many major attractions and other circuit venues. It is situated opposite the 02 Academy and within a stone's throw of the Crucible Theatre. Sheffield is originally famous for its steel works however following recent redevelopment in and around the centre it is now one of the best City nights out within the UK. With a thriving mass of other pubs, clubs, entertainment venues and attractions the city plays host to the many tourists and visitors that frequent all year round. Sheffield sits just off the M1 motorway and can be approached from junctions 33 to 35. Nearby is the M18 linking in with the A1 making access to and from the city easy from all directions.

THE PROPERTY
This popular Music Venue and Bar is of brick construction and sits in the heart of Sheffield city centre. Entrances to the front and rear (inc accessible entrance) provide access to all the trading areas. These consist of:

Lower Bar (occupancy 120) is a good sized multi-use room with loose tables, chairs and stools complimented by high poseur tables and chairs dotted throughout. The room has a carpet tiled floor with a good sized laminate dance floor and raised stage area to one end while to the other end is a well-presented bar server of wood construction. The room also has a DJ area, 2 x HDTV's, 2 x AWP's a big wall screen and projector. This area is also able to be hired out privately as and when required.

Upper Bar (occupancy 140) is a spacious room with loose tables, chairs and stools again complimented by poseur tables and high chairs. The room is fully carpeted with a solid oak dance floor in the centre. To one end is a bar server of wood construction offering 4 cask ales whilst to the other end is a well-used and popular pool table. The room also has a DJ area, Big screen and projector, a wall mounted HDTV, juke box, 2 x AWP's, a darts throw and even a piano.

To the 1st floor is a good sized kitchen area that is not equipped and currently unused. This room is serviced by a dumb waiter that leads to all levels and could quite easily be converted back to a commercial catering kitchen.

2 x Ladies, 2 x Gents & Accessible W.C.'s.

CCTV throughout the premises.

Beer Cellar with python, remote etc and plenty of further storage areas and also has a barrel lift.


OWNER'S ACCOMMODATION
The pleasant and well-presented owner's accommodation is located on the 1st floor and briefly consists of: 3 Double bedrooms, Lounge, fitted kitchen, bathroom and office.

EXTERNAL
There is no car park for this business however on street and multi-storey NCP parking is available in the surrounding area.

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- Sun 11am to 6am

Current opening hours are only:
Mon- Thurs 12noon to 11pm
Fri- Sat 12noon to 2am
Sunday 12noon to 11pm

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.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 4 years remaining of the privately owned full repairing and insuring, renewable agreement. We are advised that the Bar is totally 'Free of Tie' on all products. We are informed that the highly attractive rent is currently only 18,000 per annum (6.2% of Net turnover) to be reviewed in 2021. 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 all mains services (no services seen or tested). Business rates
payable are advised as currently being circa 7,000 per annum.

THE BUSINESS
The current owner took over this popular and well-known business in 2014 and has since established a solid following and trading foundation with a loyal, repeat and desirable clientele. The business is currently operated by the owner with the assistance of circa 8-part time/casual members of staff. Currently run as a Live Entertainment and Music venue the business plays host to live entertainment 4 times a week, Karaoke nights 3 times a week, an 'open mic' night, a successful pool team and is also available for private hire. We are advised that accounts declare takings of circa 349,200 inclusive of VAT to end March 2016 with 100% wet sales. New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level by exploiting the obvious opportunity to introduce a food offer. This business would suit an operator/couple who have previous experience of operating and hosting live music venues however this is not a stipulated requirement.

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

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

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.

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)

Nearest stations

  • Castle Square (0.1 mi)
  • Sheffield/Sheffield Hallam University (0.1 mi)
  • Cathedral (0.1 mi)
Distances are straight line measurements from centre of postcode

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

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Castle Square (0.1 mi)
  • Sheffield/Sheffield Hallam University (0.1 mi)
  • Cathedral (0.1 mi)
Distances are straight line measurements from centre of postcode

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

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7769. 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.

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