| (REF: G4816L) Quality 19th Century Residential Inn |
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| Seller Reference: |
G4816L |
| B4S Reference: |
29944 |
| Asking Price: |
£60,000
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| Net Profit: |
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| Sales Revenue: |
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| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Derby, Derbyshire, United Kingdom |
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THE BUSINESS
Our client re-developed the business and property in 2005 & 2007. Sales to 10-07 show £477,370 inc vat with current sales (y/e 10/09 ) of £423,000 inc vat on a well balanced split of 33% Wet 33% Dry 33% Guest lettings and a GP of 60%. The business has been run as part of a small managed house estate and Recon Net Profits will be declared to interested parties post official viewing.
THE BUSINESS IS BEING OFFERED AT A FIGURE OF < £51,000 LOWER THAN AS OFFERED BY A COMPETITOR AGENT AND WE EXPECT INTEREST TO BE ROBUST – AN EARLY VIEWING IS STRONGLY RECOMMENDED.
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Property: |
Leasehold |
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Lease Terms: |
TENURE
We are instructed to offer the property for sale as an assignment of a 10 year (commenced 2005) fully protected and renewable PUNCH lease free of tie, wines spirits and minerals. Current rent is £51,000 p.a.
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Current Rent: |
51000 |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
OWNERS ACCOMMODATION
Sited to the 1st floor comprises of 3 double bedrooms, lounge, fitted kitchen, bathroom and shower.
LETTING GUEST ROOMS
The rear of the premises provide access to the letting accommodation, the first block comprising of 2 x twin rooms and 2 x doubles all of which are en-suite. Adjacent is further guest accommodation named as “Rose Cottage” which comprise of 2 x doubles and 2 x family rooms, once more with full en-suite facilities. A laundry room is located within a set of outbuildings which also house dry stores, freezer rooms and cleaners cupboard.
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Location: |
LOCATION (DE15 0SG)
Located within an area of historic significance dating back as a settlement to the sixth century and is amongst the oldest villages in the county. Norman Knights hunted in the surrounding woodlands providing a myriad of folk-law. The 11th century church is a popular venue for local weddings providing business opportunity. Newton Solney sits on the B5008 between Burton upon Trent and the historic Mercian village of Repton which has two well known public schools, the village is renowned for its immaculate colourful gardens and spruce verges. The village has won the Best Kept Village Award on five occasions along with East Midlands in Bloom making this a popular commuter village for Derby, Burton and Nottingham.
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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