Adjoins Market Place within the affluent market town
Easily operated single trading room, together with four letting rooms
Good wet, food and letting income
Leasehold 7 years remaining at current rent of £26,000 p.a.
LOCATION (DE6 1EU)
Ye Olde Vaults lies in the heart of the affluent Derbyshire market town of Ashbourne, overlooking the Market Place. Ashbourne is a thriving market town but also attracts all year round visitors due to its location on the edge of the Peak District. In addition, Uttoxeter, Stoke, Cheadle, Matlock and Derby are all within easy reach.
The public house is of attractive three storey brick and tile construction with similar single and two storey extensions to the rear. The property also benefits from a front beer patio area adjoining the Market Place.
The front lobby provides access through to the single open plan L shaped trading area which comprises part quarry tiled flooring and is part carpeted, perimeter fixed upholstered seating, attractive wrought iron fireplace with tile inset and timber panelled and copper topped servery. In total there is seating for approximately 30 customers. A service corridor leads out to the rear to the ladies and gentlemen's customer lavatories and also to two storage areas, one of which houses the boiler. To the rear of the servery access is gained to the fully equipped catering kitchen.
There are four letting rooms, one single, two twins and one double, all of which comprise ensuite shower facilities.
Domestic kitchen with fitted base and eye level units, bathroom with bath, wc and wash hand basin, lounge, double bedroom.
Beer cellarage in two areas.
Ye Olde Vaults enjoys an outstanding trading location overlooking the busy Market Place within the heart of Ashbourne. The business enjoys a very healthy local wet trade and benefits from a substantial food opportunity, which our clients will admit can be exploited further. The letting accommodation is further cream on the cake. The pub attracts locals and the many visitors to Ashbourne alike for all 3 elements of the business and of course benefits substantially through the twice weekly market. General Information
The property is held on an Enterprise Inns lease with approximately 7½ years remaining at a current rent of £26,000 per annum. The lease is on FRI terms, therefore obliging the tenant to be responsible for all repairs and insurance. The next rent review is in 2015. The annual rent is also linked to RPI. The agreement is tied for all beer products. Accounts will be provided to bona fide applicants. Inventory valued March 2014 approx £12,000. Enterprise Bond £5,000. Plus working capital. SAV approx £1,500 Nil Premium still applies.
We are informed that all mains services are connected to the property.
We are informed that the property holds the benefit of a Premises Licence.
FIXTURES AND FITTINGS
All items in the nature of fixtures, fittings, furnishings and effects are owned by our client. The successful buyer will be expected to acquire the fixtures and fittings at valuation.
TOWN AND COUNTRY PLANNING
We are informed by Derbyshire Dales District Council Planning Department that the property is Grade II Listed and is in a Conservation Area.
We are informed by the VOA and Derbyshire Dales District Council website that the property is assessed for rating purposes as follows:-
Rateable Value - £44,000 General Rates Payable - £20,328.00
Council Tax Band A Council Tax Payable £1,047.32
An EPC is available for interested parties to inspect upon application.
The lease is offered for sale at Nil Premium with the buyer to pay the value of the fixtures and fittings and stock and glassware at valuation on the date of completion.
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.
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