8416F

• Substantial and attractive stone-built circa 16th Century inn located en route to the glorious Derbyshire
• Peak District with easy access to Crich, Cromford, Matlock Bath and the M1.
• Trading areas with character and rustic charm having exposed stonework, wooden beams and a desirable Inglenook fireplace.
• Layout for trading areas can be configured as:
• Main Lounge, Top Dining Area, Lower Restaurant Areas seating a total of circa 60-80 covers.
• Extensive gardens/external drinking areas with superb rolling countryside views. Large car park.
• Owner’s accommodation (not seen) can be configured as 4 bedrooms or could possibly be split into 2 separate flats. Suitable for refurbishing/upgrading to new owner’s requirements or letting (subject to requisite planning & consents etc).
• Business closed and being sold as a freehold licensed premises complete with fixtures & fittings.
• We are informed that apparently the premises many years ago (circa 2011) had conditional planning consent (not seen & now lapsed) for 8 en-suite letting bedrooms. See link to Local Authority website - https://planapps-online.ne-derbyshire.gov.uk/online-applications/propertyDetails.do?activeTab=relatedCases&keyVal=0010V4LILI000
• May be offered at the discretion of the landlord to suitable applicants with good financial status and trade experience, as a new free-of-tie 10 year lease opportunity.

Location

This delightful Free house/Restaurant is situated adjacent to the busy main A615 (Matlock Road) close to the desirable villages of Brackenfield and Wessington and is surrounded by other affluent villages and rolling Derbyshire countryside. This successful and popular destination food venue is ideally positioned, and its main road location is perfect for attracting passing trade to this lovely roadside inn and restaurant. This route also benefits from the huge influx of tourists visiting the popular destinations of Matlock and Matlock Bath, which are approximately only 3 miles away. The business is also en-route and adjacent to the tourist “magnet” of the magnificent Peak District which attracts circa 10 million visitors annually. The nearby road networks are excellent with the M1 & A38 complimented by a series of other ‘A’ roads that providing access around the surrounding area.

THE PROPERTY

This attractive Grade II listed circa 16th century inn is apparently a former farmhouse which comprises of a sizeable plot. Entrances to the front and rear of the property provide access to all the trading areas. The premises have immense character with rustic charm and prevalent exposed wooden beams and stonework.

The trading areas have a warm, welcoming and cosy atmosphere and are split into intimate areas seating approximately c80 covers able to be laid out as required and to suit the occasion.

The trading areas can consist of (depending on operator’s requirements) ;

Top Dining Area, Main Lounge/Bar area

Lower Dining and Main Restaurant Areas

Ladies & Gents W.C.’s

There is an equipped Commercial Catering Kitchen with stainless steel appliances and surfaces (appliances not tested) and Dessert/Prep and wash up area. There is also a partially below ground floor Cellar.

OWNERS ACCOMMODATION

The owner’s family sized accommodation (not seen) has private access and is located on the 1st floor. This briefly can consist of 4 bedrooms, Lounge, Kitchen, Office and bathroom. Given the layout of the accommodation this could also be split into 2 flats with 1 still having private access and suitable for letting purposes if desired (subject to relevant consents). The accommodation and premises can be refurbished/upgraded as per the new buyer’s requirements.

EXTERNAL

To the front, side and rear of the property are spacious grassed and patio al fresco garden areas with wooden picnic benches and simply stunning rolling countryside views. To the side of the property is the large patron’s car park with space for c40+ cars.

TRADING HOURS

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- Sun 10am to midnight

BUSINESS NOW CLOSED

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

GENERAL REMARKS

The business is offered for sale Freehold entirety to include fixtures & fittings (although we have not had sight of the Title Deeds).

Alternatively, our vendor clients at their discretion may offer a new 10 year lease opportunity based upon the following terms:

The asking premium will be £10,000 for the fully repairing and insuring new 10 year lease (F.R.I.) (excluding fixtures & fittings) protected under The Landlord & Tenant Act (renewable). The landlord will be responsible for maintaining and repairing the main structure foundations and roof (excluding car park and access). The initial annual rent will be £22,000. The annual rental is simply RPI linked annually to inflation, hence no market rent reviews. Rent payable quarterly (£5,500) in advance. Additional Rent deposit payable of £6,000. Lease assignable after initial 2-year period. Free of all brewery and supply ties. Each party responsible for own legal costs relating to the transaction. Subject to landlord’s approval of satisfactory references from the proposed new lessee. Proposed applicants must have relevant trade experience and proven financial resources to access an absolute minimum of £60,000 to cover the premium, rent in advance, rent deposit and cash-flow in order to build and establish the currently closed business.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954.

We are advised that the inn benefits from mains gas and electric services (no services seen or tested) with a sceptic tank apparently in situ. Prospective purchasers should make their own enquiries with the local authority in respect of business rates/Council Tax payable.

THE BUSINESS

The business is currently closed and offers a realistically priced opportunity for purchasers to refurbish/upgrade the premises to their own requirements. Potential purchasers looking to open and re-establish the business should form their own view of sustainable trade levels, commensurate with their own experience and the prevailing hospitality trading environment.

Previously we have been aware that this business was a highly successful concern. For example, we understand in 2016 under a previous tenant that turnover was in the region of £357,000 (inc. VAT) with a circa 70% food bias.

This opportunity would ideally suit an investor, entrepreneur or experienced food operator who can exploit this main road catering destination venue.

Viewing appointments must be made by emailing Guy Simmonds at sales@guysimmonds.co.uk or telephone 01332 865112. All personal viewings undertaken must adhere to the evolving Covid-19 Government Guidelines.

Details prepared January 2022.