8558L

• Landmark inn standing proudly on the main road running through Pentrich village close to Chatsworth House, Hardwick Hall and the majestic Peak District.
• Bar area (circa 30+ plus standing) with exposed wooden beams, exposed stonework & fireside seating.
• Restaurant (54 covers) with quality contemporary furnishings and full air conditioning / Small Al Fresco courtyard area with stunning countryside views.
• Rear Patio area plus large split level grassed garden with picturesque rolling countryside views.
• Spacious 2 double bedroom Owners’ accommodation plus 1 Double bedroom self-contained flat
• Fully Equipped Commercial kitchen.
• Previous annual turnover has been in the region of circa £810,000 (incl. VAT) achieved on a trade split of 60% Food sales; 40% Wet sales.
• Highly desirable, privately owned brand-new renewable lease.
• Currently closed.

Location

This iconic business is located in the affluent sought after picture-postcard village of Pentrich only 6 miles from the bustling town of Belper and within touching distance of the Derbyshire Peak District National Park. Pentrich is an historic village with only an Inn and a famous 14th Century church however is surrounded by other desirable and attractive villages offering shops, schools, and amenities. The whole area is frequented all year round by walkers, cyclists and tourists taking advantage of the many fabulous walking routes within the area the most popular being the walk to Pentrich Mill. Other nearby points of interest include the stately home of Chatsworth House (19 miles), the National Trusts Hardwick Hall (15 miles) and the thriving tourist’s town of Matlock is only 11 miles away. The famous Tram Museum of Chrich is within 4 miles and the city of Derby is only a pleasant 11 miles drive away. The road network links are excellent with easy access available to the M1, A38, A5 and A52.

THE PROPERTY

This highly desirable inn is of stone and brick construction with rear rendering and a pitched slate roof. An entrance to the front and a large tiled entrance hall to the rear of the property lead to all the main trading areas. These consists of:

Bar Area (circa 30+ plus standing) is bursting with character and rustic charm with areas of exposed stone walling. Loose tables, chairs and stools are complimented by an assortment of leather arm and tub chairs and scatter cushion covered perimeter bench seating. To one end comfy leather chairs and a leather settee sit in front of an exposed brick and stone-built fireplace with built-in log burner. This split-level area has exposed wooden beams to the ceiling that look down on areas of solid oak and quarry tiled flooring. There is also a well-presented carved wooden bar server with 3 cask ale hand pulls.

Restaurant (54 covers) is a fabulous contemporary designed light and bright area with highly attractive décor. The room has an assortment of wooden farmhouse style tables and assorted dining chairs complimented by perimeter bench seating all sitting on a solid oak floor. To one end is a multi-use section positioned between the bar and restaurant that can either be used as dining for the restaurant or as a bar food overflow area. This area also has a coffee service station. The restaurant is fully air conditioned and to one end are double French doors that open onto a small elevated courtyard with stunning rolling countryside views providing a truly memorable Al Fresco experience.

Ladies and Gents W.C.’s with disabled access.

CCTV inside and out.

There is a fully equipped commercial catering Kitchen with stainless steel appliances and surfaces (appliances not tested). There is a walk-in fridge, prep area and dry store. Below ground floor Beer Cellar providing additional storage space.

OWNERS ACCOMMODATION

The spacious owner’s accommodation has private access and is situated on the first floor of the property. This briefly comprises of: 2 double bedrooms, a large lounge with an exposed stone fireplace, a kitchen with dining room leading off and a bathroom. In addition, there is also a 1 double bedroom flat with separate bathroom, lounge and kitchenette currently used as office space and staff area. These living areas provide a choice to the owner if desired. We are advised that the 2-bed accommodation has previously been privately let attracting a monthly rental income of circa £500.

EXTERNAL

The property sits with fabulous views of the historic 14th Century church of St Matthew. To the front of the property are 2 popular wooden picnic benches that are a welcome sight for the many walkers and ramblers that pass through the village. To the rear of the property is a block paved Al Fresco patio area with wooden picnic benches (circa 40 covers). Also to the rear is a spacious split-level grass banked garden area with wooden tabled seating, steps leading down to the lower garden and endless rolling green countryside views. This area is large enough to accommodate a good-sized marquee and provides an additional al fresco picnic style area. The patron’s lined car park has spaces for circa 40+ cars and there are also several storage areas.

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 - Sat 10am to 11.30pm

Sun 10am to 10.30pm

Current opening hours are: Currently closed.

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 business is offered for sale as a brand new highly favourable 10-year Private FRI Lease Agreement.

The asking premium will be £49,500.

The initial annual rent will be £45,000 with agreed initial concessions.

The annual rental is to be reviewed every 3 years either by RPI or open market.

Rent payable monthly in advance.

Deposit equivalent of 3 months rent.

Lease re-assignable after initial 2-year period.

Fully tied to ASD wholesale (Landlord) on a competitive private price list.

Each party responsible for own legal costs relating to the transaction.

Satisfactory references will be required on behalf of our vendor client.

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 all mains services are connected (no services tested). Business rates payable are advised as being circa £TBC per annum.

THE BUSINESS

The current owner purchased the property in 2002 and has since leased the property out on a private basis. The business has for many years been an iconic landmark one serving quality, locally sourced home cooked food to a loyal, repeat and desirable clientele. It is totally unopposed and sits at the centre of the local community. Having played host to a highly popular weekly quiz and attracted locals, tourists and families all year round this popular inn really is as special as any. This business is currently closed unfortunately due to business failure following the pandemic and is provided with vacant possession. Historic accounts declare takings of circa £800,000+ (incl. vat) on a trade split of 60% Food & 40% Wet sales. This has previously traded as a highly profitable business with achieved annual net profits alone of circa £140k.

This is a turnkey opportunity and in our opinion new owners could trade the business using the same successful formula as before or they may wish to take the business to the next level. This could be achieved by introducing a quality menu, creating a letting accommodation offer upstairs alongside adding ideas from their business plan. Historic accounting information only can be made available to interested parties after viewing.

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07865 348375.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112 or sales@guysimmonds.co.uk

Details prepared August 2023