Investment Properties for sale in Matlock

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Superb Investment Opportunity in Idyllic Surroundings

Matlock, Derbyshire, England

  • Freehold Price: £385,000  Price Reduced arrow_drop_down
Seller Reference: B05722
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Business Description
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Seller Reference: B05722
Request Details
Business Description
Hilton Smythe welcomes to the market the Colombo restaurant (formerly the Matlock Gurkha) investment opportunity.

The site is currently operating as a restaurant on a free of tie lease generating a rental income of £29,400 per annum.

The site has previously been granted planning permission to convert the barn at the side of the main building to a residential property which subject to local planning considerations could be re-applied for.  (Available by separate negotiation).

The site represents an investment opportunity which also has potential for re-development and change of use with the benefit of generating a rental income from the current tenants insuring an immediate return on initial investment.

Situated along the A615 Nottingham Road in Tansley just a short drive from Matlock in Derby.

The site is located on the main through road to Matlock in this much sought-after part of Derbyshire and sits on one of the main arterial routes within the area with easy access to the A38 and on towards the M1 Motorway.

Detached free of tie pub/restaurant, circa 227sqm.

Front entrance through to bar servery and waiting area, main service area.  Ladies & Gents WC plus additional sung room.

Large commercial kitchen and storage area leading out to the car park. Main oven with stainless extractor over, stainless steel preparation tables and storage units. Refrigeration and deep freeze units, shelving, stainless steel cladding, storage binnacles, all tables and chairs throughout the site.

To the first floor is an additional function room with bar servery and owner’s accommodation currently configured as 3 x double bedrooms one with an en-suite WC separate bathroom and additional shower room.

To the outside is car parking for approximately 30 vehicles, a beer garden with outdoor seating with an additional grass area beyond the picket fence currently not being used.

Barn also available with the property at a cost of £430,000.

We are advised the business is being sold as a Freehold opportunity.



Financial Profile
We are advised the business is currently operating on a leasehold basis with a rental income of £29,400 per annum (including insurance).

There are 12 years remaining on the current 15 Year lease.

This represents an initial return on investment of 6.3% .

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