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Refurbished Derby Community Pub NewYear For Lease

Chaddesden, Derbyshire, UK
Freehold Price:
£174,999
Leasehold:
£174,999
Turnover:
Not applicable
Net Profit:
Not applicable

The property comprises a part two storey part single storey brick building which forms part of a parade of local shops.

The Royal Crown enjoys a shared car park with the other occupiers of the parade and also an extensive rear loading area.

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:
New
Lease Terms:

It is proposed to offer the property on a new 99 year lease at a current rent of £4,850pa. NB The Vendor holds an existing ground lease with 46 years remaining but plans to exercise an option within the existing lease to take a new 99 year lease, which is to be offered to interested parties.

Living Accommodation:

Well presented and decorated living accommodation: Lounge, kitchen, 3 bedrooms, bathroom.

Location:

The Royal Crown is located on Cavan Road within Chaddesden, a very well populated residential suburb, a short distance from the Nottingham/Derby Road, the A6005, which includes further housing and a range of retail offers and commercial properties.

The A52 Borrowash Bypass is also located close by, as is Pride Park home to Derby County FC and Pride Park Business and Retail Park. Derby City Centre lies approximately 2 miles to the west.

Premises Details:

The Royal Crown trades as a busy local community house serving the very well populated surrounding residential area with a mixed age clientelle. The business benefits from support from customers playing darts and pool and live TV sport is shown via Sky and BT sport. Impressive sales figures from the wet only offer of £5000 per week net of VAT can be supported via accounts.

Other Information

Related Documents:
Leasehold asking price:
£174,999

Contact Matthew Phillips Surveyors

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