7966F

RARE ‘TIME-WARP’ FREEHOLD FREEHOUSE/TEA ROOM FOR SALE SITUATED IN THE LOVELY DERBYSHIRE HAMLET OF MILTON, CLOSE TO AFFLUENT REPTON WITH ITS FAMOUS PUBLIC SCHOOL

7966F

  • Same operators for approx. 17 years - now wishing to retire.
  • Desirable Hamlet approx. 1 mile from Repton.
  • Bar Area seating circa 30+, Tea Room/Restaurant seats circa 36.
  • Large site, attractive lawned Garden Area with seating.
  • Range of outbuildings and large Car Park circa 20-25.
  • Currently run as a Tea Room and locals' Inn with some evening food - 'ticking over' at circa £80,000 turnover p.a. inc. VAT.
  • Ideal to continue as present low key 'lifestyle' business or to upgrade/modernise and exploit the potential.
  • Owner's 2 Bedroomed Accommodation, plus lounge, shower room etc.
  • Possible long- term development potential/change of use subject to requisite consents/Planning Permissions.
  • Sold as going concern.
  • Affluent and desirable locality.
  • Valuable Freehold premises/site.
TRADITIONAL LOCALS' INN OFFERING SCOPE FOR ENTHUSIASTIC NEW OWNERS TO MODERNISE AND EXPLOIT THE POTENTIAL IF REQUIRED

ASKING PRICE £299,000 (+ VAT) FREEHOLD INCLUDING FIXTURES & FITTINGS, GOODWILL, PLUS S.A.V.

Location

This freehold freehouse is situated on the Main Street of the idyllic Derbyshire Hamlet of Milton, around 6 miles south west from the City of Derby and approx. 1 mile to the east of Repton. Repton is a thriving desirable village and civil parish in South Derbyshire and famous nationally for its private school. The area enjoys high residential house prices and the locality is expanding with various attractive residential developments. It is surrounded by similar affluent villages which offer obvious ‘catchment trade’ for the business. In addition, the business is relatively close to the major employers of Rolls Royce, Toyota etc. Also in relatively close proximity are East Midlands Airport, Donington Park, Calke Abbey, Foremark Reservoir, etc. The locality is well served with road communications, including the A50 linking to the M1 motorway, M42 and northwards of course to the Peak District.

THE PROPERTY

The detached property and extensive site briefly comprises:

Ground Floor Bar - cosy room with open fireplace. Partially carpeted, various tables, 'loose'/moveable seating for around 30 plus standing. Piano.

Central Servery - equipped for the trade with 'real ale' hand pumps and including commercial 'Espresso' coffee machine (equipment not tested).

Tea Room/Restaurant - currently operates as a tea room in the day time and offers ‘pub food’ in the evenings. Furnished appropriately for a tea room, fitted carpet, loose furnishings, tables and chairs - seats circa 36. Attractive and feature fireplaces currently with electric 'real effect' fires.

Menu/Specials chalk board. This room is also ideal for using as a separate meeting room or for various functions. 'Lean-to' entrance foyer/area - ideal for walkers with muddy boots, dogs etc.

Underground Cellar - well equipped including ‘chiller’ for real ales and requisite ‘thralls’ for barrels. It is also beneficial to be able to stand up!

OWNERS ACCOMMODATION

1st Floor.

Lounge, 2 x bedrooms, large shower room & WC. Possible potential to convert loft space above if required and subject to requisite consents/planning permissions.

Store Room/Office area Kitchen - basic equipment for the trade (equipment not tested).

EXTERNAL

Extensive site briefly comprises: Rear Smoking Shelter looking out onto owners' attractive private lawned Gardens also with 2 greenhouses. Large rear attractive Beer Garden with seating and 'kids shoe playhouse'. This area would be ideal to accommodate an appropriate marquee should new owners wish to market and exploit the trading potential for special events etc. Various outbuildings - requiring renovation, currently used for storage but possible potential for re-developing - subject to requisite consents and planning permissions. Large Car Park - circa 20-25 vehicles.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol until midnight Monday – Thursday, until 1am Friday – Saturday and until 11.30pm Sundays.

Current opening hours are :

Mon 6pm - 11pm

Tues 11am-4pm and 6pm-11pm

Wed 11am - 3pm and 6pm to 11pm

Thurs 11am - 4pm and 6pm-11pm

Fri 11am - 4pm and 6pm - midnight

Sat often 11am - midnight

Sun 11am - 10.30pm

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 freehold property, site and business together with fixtures & fittings is being offered for sale as a going concern (please note we have not had sight of the title deeds). We are advised that the inn benefits from all mains services with the exception of heating and cooking by LPG (no services seen or tested). Business rates payable are advised as currently ZERO. Please note that VAT (should be reclaimable) will apply to the purchase price in this particular instance.

THE BUSINESS

The present owners have successfully run this business for around 17 years and enjoyed a pleasant lifestyle in this lovely area. They were originally tenants for around 10 years prior to then purchasing the freehold element in 2010, but have now decided to sell and enjoy their retirement.

Clearly, the business is run to suit their own lifestyle choice and operating style - on a ‘tickover’ basis. New enthusiastic owners could obviously choose to continue in a similar manner or alternatively completely ‘upgrade’, modernise and change the business into a real ale inn and destination specialist catering operation, or similar.

RARELY AVAILABLE; A VALUABLE PROPERTY IN AN AFFLUENT & DESIRABLE LOCALITY - RIPE TO EXPLOIT.

Accounting information will be made available to interested parties, following a formal viewing appointment.

Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.

ADDITIONAL IMAGES

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