Traditional Community Style Leased Freehouse For Sale

Business description

EASY TO RUN NEIGHBOURHOOD FREEHOUSE SET WITHIN MATURE RESIDENTIAL AREA OF DERBY CITY

> “Gently” trading at £100,000 inc vat from 30 hours 100% wet sales - 61.5% GP
> Lounge bar (40+) locals bar with games (24+) function room & retail shop/office (currently unused)
> Located within established mature residential locale
> Courtyard & smokers solution
> Generous 3 bed roomed owners accommodation
> 15 year protected & renewable “charitable trust” lease Free of Tie – not Fully Repairing

AN IDEAL BUSINESS FOR A 1ST TIME BUYER OR EXISTING PUBLICAN WISHING TO GO FREE OF TIE OFFERED AS AN ASSIGNMENT OF A FREE OF TIE LEASE AT £19,950 TO INC FIXTURES & FITTINGS, GOODWILL PLUS S.A.V.


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LOCATION (DE1 3QT)
The business is located just of town centre of the City of Derby on NOTTINGHAM ROAD set back of the A52 Derby / Nottingham link road (EASTGATE) close to the Pentagon Roundabout and Derbyshire County Cricket Ground, amongst mature established good quality Victorian residential housing most of which is owned by The Liversage Trust. The City of Derby has one of the most robust economies in the UK and is well positioned for motorways and airports. The new F1 Gran Prix circuit at Castle Donnington lies off the M1 close to the city and the Peak District National Park which is the most visited National Park in the World, is to the north of the city.


PROPERTY DESCRIPTION
Built in the Victorian period of local red brick under pitched welsh slate roofs the pub holds a corner position within an area of well presented residential properties. THE LOCALS BAR & GAMES BAR (24+) is carpeted and furnished with mixed perimeter seating and loose chairs to polished top tables with large light bearing windows. The bar has a popular POOL TABLE and pub games such as darts and gaming machines. LOUNGE BAR (40+) again fully carpeted with large windows , fixed and loose seating to polished tables. CENTRAL BAR SERVERY has a bank of REAL ALE wickets set into a polished bar counter and the dispense pumps have been “split” to save product waste. GENTS & LADIES TOILETS. Deep BEER CELLAR. A FUNCTION room lies directly above the Lounge Bar and has its own counter servery ( currently not used within the business). Retail Shop / Office is set to the side of the pub and is a separate entity ( unused and in need of fitting out but could attract a letting rent).

OWNERS ACCOMMODATION
This comprises of 3 double bedrooms, fitted kitchen, family bathroom and large lounge. The accommodation has a new split combi boiler installed.


EXTERNALS
To the rear of the property is a courtyard with double garage used as an outside drinking area and smokers solution.

PREMISES LICENSES
The business trades from 19.00hrs till 23.00hrs Sunday through Thursday and 19.00hrs till midnight Friday & Saturday. The PREMISES LICENSE allows trading from 10.00hrs till Midnight Monday through Thursday then 10.00hrs till 01.00hrs Friday & Saturday then 12.00hrs till 23.00hrs Sunday. This allows plenty of opportunity to develop sales by taking advantage of currently unused opening hours. A Personal License will be required and our training associates can assist with this for you.


TENURE
We are instructed to offer the property for sale as an assignment of a 15 year lease from 2007 from The Liversage Trust. The lease is completely FREE OF ALL TIES and is not FRI (not fully repairing). Current rent is discounted from £400 p/w down to £200 p/w until early 2011 and at the discretion of the trust may stay at that level. A deposit of £4,500 will be required and the rent payable ¼ in advance. Reviews are on a 5 year cycle.


SERVICES
We are advised that the pub benefits from all mains connected , with heating by GAS. Business rates payable are £1,400.


THE BUSINESS
Our client has run the business for approx 2 years and wishes to now concentrate on their new venture which is in Belper. They had intended to run the pub under management however found that due to the distances involved this became impractical to supervise. Sales are circa £100,000 inc vat 100% wet driven + machine income with a 61.5% GP. A new re-focused operator could with ease develop trade further with openings above the 30 hrs per week currently used. The pub has 2 Pool Teams, and a regular Red Tooth Poker League.

THIS IS IDEAL AS A 1ST STEP ON THE PUB LADDER OR FOR AN EXPERIENCED LANDLORD WISHING TO GO “FREE OF TIE”

Property information

Property:

Leasehold