STYLISH “ART DECO” SPORTS BAR SITTING ON THE HIGH STREET OF A SOUTH DERBYSHIRE TOWN WITH 36,000 RESIDENTS & UNDERGOING EXTENSIVE PERIOD OF RENAISSANCE & INVESTMENT
- Early sales of £10,000 p.w. (Opened Nov 2015 after massive revamp capex) as a Bar Restaurant changing June 2016 to a SPORTS BAR
- Totalling 5895 sq. ft. over 3 floors with 3170 sq. ft. ground floor Licensed Retail
- Unrestricted capacity comfortably holds 300/400 people within separated “occasion usage” totally refurbed to a high standard
- 12 Flat screen TVs + projector for SKY SPORTS (low charge for service)
- Large traffic restricted frontage with pavement tables & chairs – long stay free public parking to rear (44)
- Private 15 year lease FREE of TIE with sensible stepped rents – currently “lock up”
LOCATION (DE11 9DG)
The South Derbyshire town of SWADLINCOTE is undergoing a period of Renaissance with huge public & private monies. The town’s residents number 36,000. Set at the heart of the National Forest which attracts circa 7.8 million visitors to its 200 sq. acres spending £314million with local business’s. Local attractions other than The National Forest include Conkers forestry centre, an interactive woodland visitor experience, Swadlincote Ski Centre which attracts visitors from throughout the Midlands, Ashby de la Zouch & its Norman castle featured in “Ivanhoe”, Burton upon Trent with its Brewery Museums, Calke Abbey a National Trust Abbey & deer park. The town originally had a prominent manufacturing heritage that made pipes and earthenware etc. It was the centre of the South Derbyshire coalfield but mining ceased in the early 1990s. Light manufacturing and service companies are now sited on former industrial sites or nature reserves. Swadlincote has a town centre, typical of those in the Midland containing national chain stores including Boots and small local businesses with the opening of a large Morrison’s store. On Coppice Side, Hepworth Retail Park is a modern development which contains restaurants including Prezzo, Tall Chimney (Hungry Horse), cinema (Odeon) Iceland and various shops. The business is located to the corner of High Street & West Street within a pedestrianised area with a JD Weatherspoon’s outlet The Sir Nigel Gresley also on High Street. The town is also the Home Town of the District Council.
This is a 3 story brick constructed building & formerly a cinema, totalling 5895 sq. ft. of which 3170 sq. ft. forms the ground floor licensed Bar & Restaurant -1st Floor of 1965 sq. ft. houses the professionally equipped CATERING KITCHEN & Storage, BEER CELLAR with lift access for the barrels, management offices & Staff rest room. - The top floor is currently unused but could be made into manager’s apartment (760 sq. ft.). WASHROOM FACILITES include to the ground floor DISABLED TOILET (ramp access to the bar area) LADIES & GENTS TOILETS are located to the 1st floor to a very high standard. The trading area regularly sees attendances of 300/400 people and is unrestricted in numbers. The property underwent a major “capex” programme late summer 2015 with investment circa £150,000 by our clients. Large windows give “see & be seen” to its frontage and windows to the side of the property provide further natural light. The CENTRAL BAR SERVERY is a focal point and had an exciting range of bright beer pumps set into the bar counter. As with most modern venues the merchandising back fittings do not have a range of optics but “pour n serve” on illuminated eye level shelves providing an exciting retail experience. There are 12 large flat screen TVs + projector showing SKY SPORTS with a monthly rent of £800.
Currently operated as a “lock up”. Space could be converted to the top floor for a manager’s apartment.
The business benefits from being situated on a traffic restricted pedestrianised area from 8am till 8pm providing a popular outside drinking area & smokers solution. Free council parking (44) long stay, is to the rear of the property
We are advised that the business has a license for dispensing Alcoholic beverages from 9am till 11 pm Sun/Mon/Tues/Weds with Thursday/Friday & Saturday 9am till 12 midnight
We are instructed by our private clients to offer by way of assignment of a Private 15-year lease commencing October 2015. The lease provides for Free of all Ties FRI, Landlord & Tenant Act (54) protected. There is a break clause at 18 months with 6-month notice. Rent is staged YR 1 £600 YR 2 £12,000 YR 3 £13,000 YR 4 £15,000. Rent is paid monthly. The freehold is available separately for £225,000 within 3 years or as a “back to back” which our client will fully co-operate.
We are advised that the business benefits from connected mains of electric, water, sewage & gas with central heating by Gas. Business payable are advised as £12,000 p.a.
The current Lessees are finding that the commitment required encroaches on their personal lives and other business ventures which are mainly “off licenses” and retail shops. Early trading is showing circa £10,000 P/W Inc Vat All Wet + Machine Income. Live bands & discos are a regular feature. We would expect that a managed “branded food/bar “operator or experienced Entrepreneur to fully maximise this opportunity exploiting the strong potential of the locale. AWP income is returning a further circa £24,000 p.a. By comparable outlets, the potential of this business is well in excess of £1million.
IT IS OUR RECOMMENDATION TO SERIUOSLY CONSIDER THIS OPPORTUNITY BEFORE A COMPETITOR SNAPS IT UP.
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.
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 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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