GA-Select Property Book

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CHESTERFIELD

PLEASANT EASY TO RUN EVERYDAY LOCALS PUB

Ref: G4710L

£49,000

Leasehold ASSIGNMENT
(Proof of finance or credit line will be required.)

EASY TO RUN PLEASING LOCALS PUB LOCATED ON BUSY MAIN ROAD TO DERBYSHIRE PEAK DISTRICT WITHIN STRONG CHIMNEY POT AREA OF THE BUSTLING MARKET TOWN OF CHESTERFIELD

RARE UNSPOILT PUB IDEAL 1ST TIME BUY OFFERED BY WAY OF A LEASE ASSIGNMENT AT £49,000 TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.

  • Strong sales of £283,000 inc vat – 100% Wet – good machine income
    
* Well presented unpretentious Tap room (24+) & Lounge & games Bar (40+) 

  • Sun trap patio yard with timber benches (40+)

  • Generous 3 bed owners accommodation with private access.

  • Strong local support – just open the doors and make money

  • 10 year landlord and tenant protected lease fully renewable at no further cost – sensible rent



LOCATION ( S40 2AR )

Chesterfield is a popular historic market town famed for it’s “crooked church spire” which stands like a beacon above the towns skyline. It is noted as a “gateway” to the Derbyshire Peak District and Dales with the most visited National Parks in the world at its doorstep. Other local attractions such as Chatsworth House and many National Trust properties sit close by. Today the town is undergoing a period of “renaissance” with a major injection of domestic and EU funding. The pub sits on the A619 Chatsworth Road amongst Victorian cottages and residential side streets with a modern retail precinct opposite in Brampton.

PROPERTY DESCRIPTION

The property is a traditional end off terrace property of brick construction commanding a corner position built within the Victorian period in keeping with local villa’s. The TAP ROOM (24+) has a quality carpet fitted with padded perimeter seating and stools to polished tables. The room has a large flat screen TV for sports viewing on SKY. Two large panelled windows allow plenty of natural light into the room and have top ventilation openings. CENTRAL BAR SERVERY is of polished timber construction with polished counter top. The back fittings have a range of trade optics and merchandising. There is a glass wash area to the rear of the servery. LOUNGE & SPORTS BAR
(40+) has a matched quality fitted carpet with polished wood tables, perimeter seating and bar stools. The room houses the pubs pool table and gaming machines and has double French style doors leading directly out to the patio and smokers solution. We are impressed with the standard that the internals of the business have been looked after and has undergone a programme of refurbishment during the 6 years that our clients have owned the business which is a credit to them. BEER CELLAR is fully chilled and below ground. LADIES & GENTS toilets are well kept and of a good standard.

OWNERS ACCOMMODATION

The owner’s accommodation comprises of 3 bedrooms, large lounge, family bathroom, and kitchen area. There is private access to the flat.

EXTERNALS

To the rear with access from the Lounge Bar is a pleasant beer patio with timber benches used also as a smokers solution. A range of outbuildings provide extra storage.

PREMISES LICENSES

The premises currently open for business from 11.00 hrs through till 01.00hrs all week. Our clients open for business at 11.00 hrs and close as and when they chose to. A personal licence will be required and our training associates would be only too pleased to assist in this matter.

TENURE

We are instructed by our clients to offer the business for sale by way of assignment of a 10 year lease from JMA Leisure, and is fully protected by the Landlord & Tenant Act and fully renewable at no further cost – current rent is an affordable and realistic £22,000 p.a. (9%) with 50/50 split on AWPs & Pool and 100% retention of Gaming machine income.

SERVICES

We are advised that the pub benefits from all main services electric, water, mains sewage and has GAS central heating. The business rates payable are £3,900 PA.

THE BUSINESS

Our clients have been running the business since 2004 along with one further licensed business and have realised that they have spread themselves to thinly which has been compounded by a health issue. Sales are recorded at £283,000 inc vat plus a healthy machine income which will disclosed upon viewing of the business. Due to the running of two business’s there is a higher than would be expected wage roll than if run by a traditional couple or partners. It would be reasonable to expect to see a return of 15% to 20% of sales after paying all expenses and rent. i.e. £36,000 to £48,000 having lived free out of the business.

EARLY VIEWING IS ADVISED DUE TO THE NATURE OF THIS BUSINESS

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

Our panel of financial experts are here to help; call for referrals: 01530 414140.

The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208.

Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.

SOLE SELLING RIGHTS:

Attention: These Sale Particulars are issued by way of the "web" or hard copy on the understanding that all VIEWINGS, CONTRACTS and negotiation in connection with the business or property are conducted through GA SELECT or their agents who are appointed by the vendor under a SOLE SELLING RIGHTS AGREEMENT with total CONFIDENTIALITY. Under no circumstances must you approach the Owner directly without a formal appointment or disclose to other customers, staff or suppliers that the business is for sale. Failure to comply with these terms may make you liable in law to damages.

BUSINESS FINANCE for PURCHASE of a LICENSED PROPERTY: GA SELECT will be pleased to contact our ASSOCIATE COMMERCIAL FINANCE SPECIALIST on your behalf to engineer the necessary finance package for you at preferential rates and for a period of up to 30 years. Our Business managers will make the contact on your behalf and initial opinions will be offered by our associate at no charge. Alternatively talk to GRAHAM ALLMAN for advice who is licensed by the OFT to give such advice; License No 520042.

VIEWING: ALL APPOINTMENTS must be made by GA SELECT by calling 01530 41 41 40. Our business managers will request your purchasing position then confirm the viewing arrangements back to you. Your viewing will be followed up by a call from either a Business Manger or Sales Director. All properties are left on our web site until contracts have completed.

PROPERTY MISDISCRIPTIONS ACT: GA SELECT give notice that for themselves, their associates, vendors or lessees of the property or business that…

1) These particulars are intended as a guidance for the prospective purchaser and do not constitute or form part of any offer or contract.
2) All descriptions which include distances, plans, dimensions, demographics, or opinion on potential trade and profits are along with all other items within these particulars or given verbally by GA SELECT or its associates, are given in good faith as a guide and no responsibility is assume or accepted by GA SELECT. For there accuracy.
3) GA SELECT do not make or give within these particulars or at any other occasion any representation or warranty in relation to the condition or suitability of the property or its fixtures and fittings. Like wise for any misstatement, omission or error. Independent advice is recommended within all issues relating to the purchase and no warranty is offered by GA SELECT for the working condition or legal positions.
4) Prospective purchasers should satisfy themselves on the suitability of the conditions within the Premises Licence and their ability to obtain a Personal License.
5) Intending purchasers should make their own independent enquiries of fact, accounting information, the use of the property, permissions and potential uses and licenses including any other matters affecting the business including items within 2-3-4.
6) Viewings are totally at the clients risk relating to HEALTH & SAFETY LAW or risks within any act related to the business. GA SELECT nor its vendors hold ourselves responsible for any expenses in any circumstances whatsoever incurred by applicants inspecting a business or property which may be sold or withdrawn from sale or for any other reason, to include traveling expenses, survey, valuations, legal fees etc.
7) It must not be assumed that photographs are current or untouched nor that contents within them are included in the sale.

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