£0 £1000000
£0 £1000000

Superb Investment Opportunity in Idyllic Surroundings

Matlock, Derbyshire

< 1-15 >

Enlarge

Archived

£465,000

Ref: B05722

Freehold

Overview

Hilton Smythe welcomes to the market the Colombo restaurant (formerly the Matlock Gurkha) investment opportunity.

The site includes the barn and all the land. 

The site is currently operating as a restaurant on a free of tie lease generating a rental income of £29,400 per annum.

The site has previously been granted planning permission to convert the barn at the side of the main building to a residential property which subject to local planning considerations could be re-applied for.  (Available by separate negotiation).

The site represents an investment opportunity which also has potential for re-development and change of use with the benefit of generating a rental income from the current tenants insuring an immediate return on initial investment.

Turnover
We are advised the business is currently operating on a leasehold basis with a rental income of £29,400 per annum (including insurance).

There are 12 years remaining on the current 15-year lease.

This represents an initial return on investment of 6.3%.

N/A

N/A

Situated along the A615 Nottingham Road in Tansley just a short drive from Matlock in Derby.

The site is located on the main through road to Matlock in this much sought-after part of Derbyshire and sits on one of the main arterial routes within the area with easy access to the A38 and on towards the M1 Motorway.

Detached free of tie pub/restaurant, circa 227sqm.

Front entrance through to bar servery and waiting area, main service area.  Ladies & Gents WC plus additional sung room.

Large commercial kitchen and storage area leading out to the car park. Main oven with stainless extractor over, stainless steel preparation tables and storage units. Refrigeration and deep freeze units, shelving, stainless steel cladding, storage binnacles, all tables and chairs throughout the site.

To the first floor is an additional function room with bar servery and owner’s accommodation currently configured as 3 x double bedrooms one with an en-suite WC separate bathroom and additional shower room.

To the outside is car parking for approximately 30 vehicles, a beer garden with outdoor seating with an additional grass area beyond the picket fence currently not being used.

Barn and all the land also available with the property at a cost of £465,000.

Tenure
We are advised the business is being sold as a Freehold opportunity.

Similar Businesses For Sale

11

Craft Beer/Restaurant and Music Venue Business

Liverpool, Merseyside

£119,995 +SAV

Discover Business

14

Newly refurbished Cafe business with accommodation for sale

Bolton, Lancashire

£165,000 +SAV

Discover Business

10

Investment Property/Printers – Asset Sale

Bristol, Bristol

£24,995 +SAV

Discover Business

Need help to find your dream business?

Our buyer matching service can help, sign up today.

Find your dream business

    Sales Negotiator Photo

    Aidan Murphy

    Sales Negotiator

    Need help with finance to purchase this business?

    Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.

    Try our finance calculator

    Finance Calculator

    Powered by Hilton Smythe

    £465,000

    4%
    £139,500
    £325,500
    20 years
    £0

    60 monthly payments of

    £0

    Apply Now

    Representative Example

    Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83


    Rates may differ as they are dependent on individual circumstances. Subject to status.

    Popular business searches in the UK