Free Of Tie Pub, Guest Rooms & Accommodation

Derby, Derbyshire
Freehold Price:
£725,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
198830
Reference
14004 F / RightBiz

Details

BUSINESS
Freehold Free of Tie pub

The business has been operated by the current owners for over 35 years and is well established within the local community and surrounding areas. Located on the busy Station Road the business benefits from regular passing trade as well as being set by the train station which has regular routes into Crewe and Derby.

The business serves lunchtime and evening meals 7 days a week. The property has a large dining room come function suite with ample seating. This is used for the breakfasts of guests and as a restaurant for the use of the general public. There is a varied menu available this includes delicious dishes such as, scampi, chilli con carne, burgers, pasta dishes, hot breakfasts, pizza’s, jacket potatoes, salads, sandwiches as well as an excellent range of starters and children’s dishes.

Functions are also available for weddings, Christmas parties, discos, birthday parties, anniversary parties and presentations.

The pub side to the business is popular with the locals, our clients see a generous amount of repeat loyal custom; known on a first name basis. The pub is free of tie offering an excellent selection of cask ales, lagers, beers, wines and spirits. There is a separate seating area for the pub as well as a quiet secluded walled garden, perfect in the warmer summer months.

The property also benefits from 6 individually decorated letting rooms. All of the rooms are en-suite with baths and showers, some of the rooms have swirl pool baths. Other facilities include TV's with Freeview and DVD, Wi-Fi, direct dial telephones and tea/coffee making facilities. The rooms overlook the River Dove and Tutbury Castle.

There is a separate one-bedroom apartment, currently used as the owner’s accommodation. There are facilities in place to extend the living accommodation to 3 further bedrooms.

The business offers the opportunity for a new operator to take the site to the next level, with the current owners seeking retirement the site would benefit from a fresh prospective and to make use of the huge amount of space available which subject to planning could extend the letting and owner’s accommodation substantially.

With the business being offered as a freehold purchase to the market for the first time in nearly 40 years The Castle Hotel is an excellent opportunity for either an established operator, developer or someone looking for their next challenge to take a well-known and established business to the next level.


LOCATION
The Castle Hotel is situated on Station Road at the end of the picturesque village of Hatton and within walking distance of Tutbury. Hatton is a beautiful village part of Derby, Derbyshire.

The location has the benefit of a corner plot receiving heavy footfall and passing trade daily. This area is close to many tourist attractions such as the nature reserve, Castle Ruins in Tutbury, Uttoxeter Races, potteries of Stoke on Trent and the many quirky independent retail outlets in and around Derby.

Surrounding towns and villages are easily accessible by all the main transport routes including the train station, which is just next to the hotel. There are also bus stops close by.

The location lends itself well to attracting visitors and with the hotel being close to East Midlands Airport business people are also constantly looking for hotel accommodation.

PREMISES
Property briefly comprises: -

Large property located on a corner plot at the edge of Hatton village. The property boasts a corner plot with clear visible signage. To the rear of the property is a large car park, for staff and customer parking.

Fully fitted working kitchen with the following equipment:
Gas oven
Extractor system
Stainless steel preparation equipment
Storage units
Refrigerators
Freezers
Cutlery
Glassware

Lounge bar, non-smoking bar and restaurant.

Refurbished WC’s.

6 furbished letting rooms, with en-suite facilities.

Owners accommodation has one en-suite bedroom with walk in wardrobe apartment and mezzanine floor. There are facilities in place to extend the living accommodation to 3 further bedrooms, subject to the correct planning permission.

Walled external seating area.

The hotel also has good wheelchair access throughout.

What’s included: -

A complete set of letting room furniture in all the current lettable rooms.

All necessary ancillary equipment to assist in the running of the business.

All tables, chairs and outside seating throughout the main serving areas of the hotel.

Pool table bar seating, drinks shelving, bar mirrors.


A separate inventory is also available to interested parties.

TENURE
We are advised the business is being offered on a Freehold basis.

HOURS
The business is open to residents and non-residents all year round.

The opening hours are 11am to 3pm and 6pm to 12pm 7 days a week.

STAFF
The business is run and managed by the current vendor with the assistance of 3 part time staff.

FINANCIAL PROFILE
We are advised the business generates a turnover of circa £180,000 per annum.

The turnover has been higher in the past; has slightly reduced over the last few years as our clients have run the business to suite.

There are no rates payable on the business.


Listing Details
Freehold Price: £725,000
Tenure: Freehold
Sector: Pubs, Hotels, Bed And Breakfast
Financials
Annual Turnover: £180,000
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