A RARE OPPORTUNITY TO DEVELOP A POTENTIALLY OUTSTANDING BUSINESS OFFERED AT AN ASKING PRICE OF £245,000 FREEHOLD TO INCLUDE FIXTURES AND FITTINGS, PLUS S.A.V. (Without goodwill ie: trading info)
- “Gently” trading under tenancy with bags of potential to develop existing trade
- Total RETAIL area in excess of 2,000 sq. ft. Relaxed “through” lounge bar & snug (30+ standing) – contemporary Italian tiled floor restaurant (60+)
- Contemporary neighbourhood urban tavern in a convenient location
- Possible change of direction to alternative style such as ethnic dining or Community style totally wet driven operation both of which have a strong local demand
- Comfortable 2/3 bedroomed owner’s accommodation
- Ideal purchase for pubco or private owner/investor (GA-SELECT could assist in finding a tenant /lessee).
The business is located on the continuation of the HIGH STREET off Alfreton, a township with a population of 22,000 within the Amber Valley district of Derbyshire. This is a highly populated area with 56% of the population within the 30-59 age group The town is noted for its wonderful examples of 18th Cent, Victorian private domestic houses amongst new builds with a population with disposable incomes. The business is within the main area of the urban village itself and just a couple of minutes’ drive from the A38 w & A61 which leads to the M1 J38 to the north and to the vibrant City of Derby to the south, there is also a railway station providing North/South connections. The DERBY PEAKS and NATIONAL PARK are a short drive away which makes this a popular locale to reside within.
A Victorian row of cottages of brick construction under pitched roofs and converted to a high quality freehouse bar and restaurant business. The business is immaculate throughout with excellent quality fixtures and fitting including a professionally equipped CATERING KITCHEN and EXCELLENT TOILET FACILITIES more akin to a high volume managed house operation. The LOUNGE bar and SNUG along with MAIN RESTAURANT feature Italian tile floors, dark timber furniture, leather settee’s, feature light fittings, stained and etched windows, to the dining area there is a brick feature fireplace with cast iron grate. The CENTRAL BAR SERVERY is of polished wood with a granite servery top.
The owner’s accommodation comprises, to the same high standard, 2 double bedrooms, 1 single bedroom cum office, large lounge, fitted kitchen, bathroom along with a private roof terrace.
We are advised that the business has a Premises License for opening Monday through Saturday of 11am till 11pm with 12 noon till 10.30pm Sunday. Currently the business opens evening only during the week plus split sessions at the weekend. This allows plenty of future opportunity to capitalise on extra permitted opening hours if required. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses.
We are instructed to offer the property and business for sale as TOTALLY FREEHOLD.
We are advised that the business benefits from mains water, electric, sewage with gas central heating.
Our client has let the business as a Leased/Tenanted operation therefore being offered to the market without the “goodwill element” (no accounting information) The Freeholder has serious health issues and the incumbent tenant is not exploiting the property to its full potential. Without doubt due to the large customer catchment area within which the business sits, the true strength of this site has yet to be fully realised by either developing the existing trading theme or introduce a new style of operation either by way of focus on wet sales or possibly as an “ethnic” style restaurant.
THIS IS A RARE OPPORTUNITY WAITING TO HAPPEN – LET IT BE YOURS – A MUST FOR A VIEWING EARLY.
To secure this business a deposit of £5,000 will give you exclusivity on this business giving you a lock-out agreement with no further viewings or marketing taking place.
Our finance associates will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
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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