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CHESTERFIELD

THRIVING NEIGHBOURHOOD PUB WITH 5 GOOD EN-SUITE GUEST BEDROOMS

Ref: G4711L

£69,000

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

WELL PRESENTED URBAN TOWN PUB WITH GOOD MODERN GUEST LETTING BEDROOMS LOCATED ON MAIN FEEDER ROAD FROM HISTORIC DERBYSHIRE MARKET TOWN OF CHESTERFIELD TO PEAK DISTRICT

UNCOMPLICATED BUSINESS WITH HUGE FURTHER POTENTIAL OFFERED BY WAY OF A LEASE ASSIGNMENT AT £69,000 TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.

  • Strong sales of £363,000 inc vat – 100% Wet sales & guest lettings

  • Large well presented “through” bar (150+) with quality F & F 

  • Patio smokers solution to rear (20) – 500 new houses under construction opposite
    
* 5 modern guest letting bedrooms all en-suite
    
* En-suite owners bedroom , lounge, kitchen 

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



LOCATION ( S40 2BL )

Chesterfield is a popular historic market town famed for it’s “crooked church spa” which stands like a beacon above the towns skyline. Its 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 in Brampton opposite a cleared industrial site which has full planning permissions for 500 new residential homes due to commence build towards the end of 2010.

PROPERTY DESCRIPTION

This is a commanding corner property of some distinction with half timber “black and white” frontage, of brick construction under pitched roofs. THE MAIN BAR
( 150 +) is broken down into smaller user occasion areas with a mix of finishes. There is perimeter seating and loose stools and chairs to polished tables set on a high quality patterned carpet. At both ends of the room there are exposed brick fireplaces one with wood burner style stove set into it. Large windows provide lots of natural light to the room and traditional pub games are played inc darts and pool. CENTRAL BAR SERVERY has a tiled apron frontage with high bar stools to the wooden bar counter and a useful back fitting for merchandising. BEER CELLAR is fully chilled and below ground. TOILETS , Ladies, Gents and Disabled are without doubt amongst the best we have ever seen within a public house and more akin to those of a quality hotel operation. There is also disabled access to the trading areas.

OWNERS ACCOMMODATION

The owner’s accommodation comprises of an En-Suite bedroom, large lounge , and kitchen area. There is private access to the flat.

GUEST LETTING ACCOMMODATION

There are 5 modern guest bedrooms all en-suite to high specification in line with the whole of the property. The new build private homes being constructed adjacent to the pub will provide an excellent injection to the business.

EXTERNALS

To the rear with access from the Lounge Bar is a pleasant beer patio used also as a smokers solution.

PREMISES LICENSES

The premises currently open for business from 12.00 hrs through till 00.30hrs all week. Our clients open for business at 12.00 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 £32,000 p.a. ( 10%) with 50/50 split on AWPs and with 100% retention of Gaming machine income and pool machine.

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 £9,000 PA.

THE BUSINESS

Our clients have been running the business since 2008 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 £363,000 inc vat combined wet , guest letting and machine income. 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. £46,000 to £62,000 having lived free out of the business.

EARLY VIEWING IS ADVISED DUE TO THE UNIQUE TRADING STYLE OF THE 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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