3 bedroom pub for sale

DERBYSHIRE

£37,500

Property Description

Full description

Tenure: Leasehold

Ref 7816 LEASEHOLD

TRADITIONAL AND ATTRACTIVE LANDMARK 'FREE OF TIE' INN LOCATED ON THE MARKETPLACE IN THE THRIVING DERBYSHIRE TOWN OF ASHBOURNE - THE GATEWAY TO DOVEDALE AND THE PEAK DISTRICT


• Located in the fabulous picturesque Derbyshire tourists market town of Ashbourne sitting on the southern tip of the Peak District and surrounded by numerous tourist attractions.
• Open Plan trading area (circa 45+ plus standing) with exposed wooden ceiling beams, wall mounted HDTV's showing live Sky Sports, Pool table and pub games area.
• Fabulous cobbled hard standing patio area sitting adjacent to the town's central market place with wooden picnic benches and large garden umbrella.
• Fully equipped 1st floor catering kitchen with dumb waiter to service the trading area.
• 3 Bedroom owner's accommodation.
• Advised current sales circa £220,680 (incl. Vat) to year end March 2016 - 98% Wet : 2% Food sales.
• New highly desirable Private 10 year totally 'Free of Tie' renewable Lease.

A GREAT OPPORTUNITY FOR A NEW OPERATOR TO PURCHASE A BRAND NEW TOTALLY 'FREE OF TIE' PRIVATE LEASE.

LOCATION
This desirable business is located in the tourist magnet Derbyshire market town of Ashbourne and sits directly on the bustling central marketplace. The prominent position and location of this property ensures excellent levels of passing footfall and repeat business. The town itself holds an annual Shrovetide football match in the month of February and this business in particular benefits tremendously from it. Ashbourne is a tourist magnet sitting at the southern edge of the Peak District with the start of the Tissington trail in the town itself and the walker's and tourist's paradise of Dovedale close by. Buxton, Matlock and Alton Towers to name but a few are also within easy reach. The local motorway networks are excellent with the M1, A52 (running between Derby and Leek) and A38 set amongst a mix of other 'A' roads all easily accessible.

THE PROPERTY
Occupying a prominent position overlooking the central marketplace this well presented property is of fully rendered brick construction with a Tudor Style beamed faηade and a tiled roof.

An entrance porch to the front of the property provides access to the open plan trading area.

Open Plan Trading area (circa 45+ plus standing) is a well presented attractive room with a warm and welcoming atmosphere. Loose tables and stools are complimented by leather upholstered perimeter bench seating, a poseur table and high stools and a cosy discreet snug/cove area. Exposed wooden beams to the ceiling look down on an attractive oak and flagstone floor with hard wearing laminate flooring to one end in the games area. There is a well presented central bar server of wooden construction offering 3 cask ales and 4 wall mounted HDTV's positioned to enable viewing from all angles of the room. There is also a pool table, darts throw, juke box, AWP and SWP.

Ladies and Gents W.C's / CCTV throughout.

Located on the 1st floor is a fully equipped commercial catering Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a small dry goods storage area, utility room and fridge/freezer store room leading off. A dumb waiter leads directly from the kitchen to the trading area to enable a smooth food service process and operation.

Below Ground Floor Cellar with python, remote and pumps etc and a small storage room.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 2nd floor and briefly consists of: 3 Bedrooms (2 Double / 1 Single), lounge and bathroom.

EXTERNAL
To the front of the property is a lovely hard standing cobbled area with wooden picnic benches (circa 24 covers) and a large garden umbrella. This looks directly across the town's central marketplace, has highly attractive views and is a fabulous place to sit and watch the world go by. There is no car park for this business however there is a council owned pay and display car park (circa 40+) directly outside on the marketplace when the market itself is not functioning.

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:
Sun - Thurs 10am to midnight
Fri - Sat 10am to 1am

Current opening hours are:
Sun - Thurs 11am to midnight
Fri - Sat 11am to 1am

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 new highly favourable 10 year privately owned FRI Lease Agreement.

1. The asking premium will be £45,000.
2. The initial annual rent will be £25,000.
3. The annual rental is simply RPI linked to
inflation every 3 years, hence no market rent
reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2-year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.

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 (services not tested). Business rates payable are advised as currently being circa £3,156 per annum.

THE BUSINESS
The current owner purchased the freehold business in 2011 and following a refurbishment has since established a solid trading foundation offering quality drinks and home cooked food to a loyal, repeat and desirable clientele. The business is currently operated by the owner assisted by circa 2 full and 2-part time/casual members of staff. Our vendor client is now looking to lease the property on a totally 'free of tie' basis in order to take life at a more leisurely pace and enjoy quality time with other family members. The business is at the centre of the local community and is a well-known popular haunt in the town. There are 2 loyal darts teams, a regular happy hour and the business offers Sky and BT sports. We are advised that turnover was circa £220,680 (incl. vat) to end March 2016 with a trade split of 98% Wet sales : 2% Dry sales. We calculate reconstituted net profits after adding back depreciation and one off and personal costs to be in excess of £50,000 per annum. New operators could continue to run the business using the same formula or may wish to take the business to the next level by the introduction of a brand new food offer supported by other ideas from their business plan. This business would ideally suit an enthusiastic operator with experience in a similar hospitality environment.

Accounting information for this business 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 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.

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.
(IX) All prices quoted are excluding stock at valuation.


Energy Performance Certificates (EPCs)

Nearest station

  • Uttoxeter (9.9 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 station

  • Uttoxeter (9.9 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 7816. 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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