Pub/bar for sale in Church Street, Heanor DE75

£340,000 (£73.97/sq. ft)
Pub/bar for sale 4,596 sq. ft*
Interested in this property? Call +44 1332 494756 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Ref 8158 Freehold

Well presented desirable freehold inn with self-contained restaurant and 6 delightful en-suite letting rooms located in the bustling Derbyshire market town of Heanor

Substantial corner inn set on a large plot in the market town of Heanor between M1 and A38 and within easy reach of the Derbyshire Peak District
National Park.

Open plan Bar area (70+ plus standing) with air conditioning, stage area, hdtv’s/Big screen and 6
local cask ales on offer.

Restaurant (c32 covers) with elevated conservatory extension, portable hot deck/carvery with magnificent views of the surrounding area and the delightful al fresco garden below.

Fully equipped commercial catering kitchen.

6 delightful en-suite letting rooms.

Lovely enclosed grassed and flagstone al fresco garden area (circa 70+) ; Smoking solution.

1 Bedroom owners’ accommodation.

Advised turnover of circa £181,016 (incl.VAT) to end 31st March 2018 achieved on a trade split of 85% Wet sales: 9% Food sales: 6% Accommodation.

A fantastic opportunity to purchase this substantial inn offering many untapped opportunities.


Location


This traditional inn is located in the bustling and populous Derbyshire market town of Heanor only 8 miles from Derby and a stones’ throw away from the Nottinghamshire border. Heanor has a vast array of shops, facilities and amenities and there are many schools in the town and surrounding areas. Nearby points of interest include Codnor Castle and Shipley Country Park and the tourist’s paradise that is the Peak District National Park is only a short drive away. The nearby road networks are excellent and the M1, A38, A52, A6 and A610 are all accessible.


The property


This substantial corner inn is of brick construction and sits beneath a pitched, tiled roof. An entrance to the front provides access to all the trading areas. These consist of:

Open plan Bar area (c70+ plus standing) is a spacious and well-presented air-conditioned room with a warm and welcoming atmosphere. Loose tables and assorted chairs and stools are all complimented by upholstered perimeter bench seating. Areas of carpet and ceramic tiled flooring create a good-sized drinking area and there is an elevated stage area in one corner. 3 x hdtv’s and a big retractable screen with projector enable live sporting events to be shown throughout and there is also a darts throw, juke box and 2 x awp’s. There is a central bar server of wood construction with 6 local cask ales on offer and even a piano sat to one side waiting to be played.

Restaurant (c32 covers) is a delightful self-contained room to the rear of the property with an elevated conservatory extension providing lovely views of the surrounding area and the beer garden below. Loose tables and chairs sit on a ceramic tiled and carpeted floor with a portable hot deck/carvery in the corner. Double doors lead out onto a balcony area with stairs that lead down to the lovely al fresco garden.

There is a fully equipped commercial Catering Kitchen with stainless steel appliances and surfaces (equipment not tested). A dry goods storage area leads off.

Below ground floor Beer Cellar with14 cask tilts, python system, remote and storage areas.

Ladies, Gents and disabled wc’s.

CCTV throughout.

Owner’s accommodation
The owners’ accommodation is situated on the first floor and consists of a 1 double bedroom bedsit with shower room. The original owners’ accommodation was used to create the en-suite letting rooms however could easily be converted back if desired. Obviously, this would reduce the letting room options. To the side of the property are c5 tandem parking spaces used mainly by the owners.


Letting accommodation


On the 1st floor of the property are 6 delightful and well-presented en-suite letting rooms (1 family/3 double/1 twin/1 single) all with tea/coffee making facilities, wifi and hdtv.


External


To the rear of the property is a lovely grassed garden with a central block paved pathway and elevated flagstone patio area. The garden has wooden picnic tables and wooden benches (circa 70+) and established shrubbery borders. To the side of the property is a covered smoking solution.


Trading & licensing


We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon - Thurs 10am to midnight
Fri – Sat 10am to 1am
Sunday 11am to midnight

Current opening hours are
Mon 1pm to 10pm
Tues – Thurs 12noon to midnight
Fri/Sat 12noon to 1am
Sunday 12noon to midnight

nb. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the aplh Qualification in readiness for their intended operation of the Public House.


General remarks


The property and business are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that all available mains services are connected (no services tested). Business rates payable are advised as being circa £250 per annum to include relevant reliefs.


The business


The current owners purchased the freehold property in 2010 and have since created a desirable business offering fine ales, home cooked food and comfortable accommodation to a loyal, repeat and desirable clientele. Our vendor clients are now looking to sell the freehold on in order to be able to take life at a more leisurely pace. The business is currently operated by the owners themselves assisted by 1 full and 4 part time members of staff. Sitting at the heart of the local community the business offers weekly entertainment, karaoke, quiz night, steak night and a highly popular Sunday lunch. It also hosts many charity functions and shows major sporting events throughout the year. We are advised that accounts declare takings of £181,016 (incl. Vat) to end 31st March 2018. This was achieved on a trade split of 85% Wet sales ; 9% Food sales & 6% Accommodation. New owners could continue to operate the business using the same formula or may wish to take the business to the next level. In our opinion this could be achieved by marketing the letting accommodation on national letting and tourist websites running alongside the introduction of teams and an annual beer festival.

Accounting information will be made available to interested parties after viewing.

The property was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted.

Viewing appointments must be made via Guy Simmonds.

Details Prepared: October 2018
Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
If size stated =1m2, this is because no measurements are available at this time.

Viewing: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

Finance for purchasing A licensed property: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.


Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Guy Simmonds, DE73 on +44 1332 494756 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Guy Simmonds, and do not constitute property particulars. Please contact Guy Simmonds for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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