Pub/bar for sale in Main Road, Ilkeston DE7

Smalley is a prosperous village between Derby and Heanor on the A608 in the administrative borough of Amber Valley in Derbyshire with a population of some 2,700 persons.
The properties are located on the main A608 road close to a large number of residential dwellings.
The property is in a good trading position being highly visible to passing traffic using the main road. It is the only public house serving the village.
The property comprises an established ‘free of tie’ public house and a self-contained post office.
The Bell public house is of solid brick construction beneath a pitched tiled roof.
The public house provides a bar servery, cellar and dining area to the front with a store, male and female WC’s and a commercial kitchen at the rear.
There are living quarters above with three bedrooms, a living room, a kitchen, a bathroom and an office.
There are three self-contained ‘short stay’ apartments.
The first-floor apartment has two bedrooms and a bathroom.
The ground floor apartments each have a kitchen, living room, double bedroom and bathroom.
Externally the property benefits from a car park to the front and a beer garden to the rear.
The Post Office is of solid brick construction beneath a mono pitched tiled roof.
We understand mains water, electricity and drainage services are connected to the public house.
We understand the post office has electricity, water and drainage connected.
The Bell and The Post Office are let separately by way of two leases.
The Bell is let for a term of six years with the lease commencing in April 2021 with expiry in April 2027.
The current rent reserved under the lease is £40,500 per annum exclusive and is payable on the usual quarter days. There is an rpi linked upwards only rent review on the fifth anniversary of the term.
The lease is drawn on Fully Repairing and Insuring terms, with the exception of the roof and structure which are the landlord’s responsibility.
The lease is contracted inside the Landlord and Tenant Act 1954.
The Post Office is let to an individual on a five year lease who is holding over from December 2013.
The current rent passing is £2,860 per annum, with potential to improve this through asset management. The property is let on effective Fri terms.
Copies of both leases are able from the sole agents upon request.
The property has a transfer premises licence and is permitted to sell alcohol during the following hours:
- Monday to Saturday 11am – 1am
- Sunday 11am – 11:30pm
According to the Valuation Office Agency website the post office has a Rateable Value of £1,850 in the 2023 rating list. The Bell Inn has a Rateable Value of £9,500 in the 2023 rating list.
Price £600,000
We are advised the property has not been elected for VAT.The Bell Inn has an EPC of ‘C 54’ valid until 5th February 2031. A copy is available from the agent upon request. We understand that the Post Office is exempt from an EPC due to its floor area.
Each party is to be responsible for their own legal costs in relation to the transaction.
Viewing is strictly via appointment with the sole agents:
David Brown Commercial
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Management Services
David Brown Commercial are pleased to offer property investors a comprehensive and professional property management service including rent collection, service charge
administration (where appropriate) and regular property inspection to ensure tenant compliance with lease terms. We aim to maximize value and remove the pain sometimes associated with property ownership and are happy to provide competitive quotations upon request.