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Red Lion Hotel

Market Pl, Wirksworth, Matlock, Derbyshire, DE4 4ET
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REDUCTION

Facilities

Cask Ale
Catering Kitchen
Function Room
Free of Tie
Letting Rooms
Team Games
Pool Area
Live Entertainment
Car Park
Live Sports
Experienced Operator
  • Cask Ale
  • Catering Kitchen
  • Function Room
  • Free of Tie
  • Letting Rooms
  • Team Games
  • Pool Area
  • Live Entertainment
  • Car Park
  • Live Sports
  • Experienced Operator

Location

OFFERS INVITED Fantastic opportunity to purchase this beautiful site!

Purchase Price: £495,950.00
Agreement Type: Freehold
Reference Number: 040719 / 4001719

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

The Red Lion Hotel is located on the southern edge of the Peak District in the historic market town of Wirksworth. This hotel is one of Wirksworth’s most famous landmarks and commands a highly prominent trading position within the heart of this beautiful town. Wirksworth developed as a centre for lead mining and later stone quarrying and is high on the list of places to visit for tourists visiting the picturesque Derbyshire Dales area.  Matlock is nine miles (14 km) south-west of Chesterfield, and in easy reach of the cities of Derby (19 miles), Sheffield (20 miles), and Nottingham (29 miles); the Greater Manchester conurbation is 30 miles away. Matlock is within the Derbyshire Dales district, which also includes the towns of Bakewell and Ashbourne, as well as Wirksworth.

Internally on the ground floor, there is an open plan bar/dining area with free-standing tables and chairs with an open fireplace log burner the main bar servery (50), raised dining area (20) Flat-screen TV’s throughout, ladies, gents and accessible WC’s

The Den – Self-contained private dining area or function room (25 seated) with free-standing tables and chairs, working open fireplace, food prep/wash-up area and access to the separate basement cellar.

On the 1st floor there is a large Function room (65) Seated diners or (100) buffet, bar servery, fully fitted catering kitchen with food prep and wash up area – including, large gas cooker, 2 x chip fryers, 3 x microwave ovens, 2 x contact grills, dish/glass washer, double-fronted stainless-steel fridge, food prep and hand wash area and dumb waiter connecting ground floor bar area, Ladies & Gents W/C’s

Letting Accommodation (1st Floor) Room 6 – Double with en-suite shower Room 7 – Family Double with bunk beds and en-suite shower Room 8 – Twin with en-suite shower

Letting accommodation Room 1 – Double with en-suite shower Room 2 – Double with en-suite shower Room 3 Double twin room with en-suite shower *all letting rooms have tea & coffee making facilities and have a flat-screen TV 

Externally there is a small terrace area and a Car Park – 20.

Trading Style:

Currently, the Red Lion Hotel is open and trading offering food and beverages to regular customers, local businesses and tourists visiting the town and surrounding areas. Offering a traditional full menu from breakfast through to dinner, the property caters for both small and large parties. It holds regular innovative gourmet evening experiences, live music and sporting events throughout the year.

The letting rooms provide an additional income stream for this site with six guest bedroom available all equipped to a high standard. The site currently also holds events and functions in either the large function room on the first floor or the more intimate self-contained “Den” area which sits adjacent to the main bar across the driveway. 

For a new experienced food operator, there is a huge scope to increase on the current levels of trade with a good quality food offering aimed towards both lunch and evening diners. Additionally, a new operator may look at the option to convert the first-floor function room into a more “fine dining” style restaurant area that could be operated independently while still complimenting the menu in the main bar area. Further opportunity to increase upon the current trade levels could be achieved with the increased use of the function areas and additional promotion of the letting facilities.

The current trade is regularly over £5k (net) per week with a 62% GP and a letting room occupancy rate of approximately 60%. The hotel is fitted with 14 CCTV cameras and EPOS till system. 

Currently, the hotel is owner/operator run with additional support from 2 x bar staff, 1 x housekeeper, 1 x cleaner and 1 x casual team member. All of which are part-time on a regular rota basis with increased hours as and when required.

Trading hours: Monday – Tuesday: 4pm – 11pm Wednesday – Friday: 11.30am – 11pm Saturday: 11.30am -11pm Sunday: 11.30am - 10pm

Licensed hours  Monday – Thursday: 11 am-midnight Friday – Saturday: 11 am- 1 am Sunday: 11 am-11.30 pm

Private Accommodation:

This consists of a self-contained flat comprising of Lounge/kitchen area, double bedroom, bathroom and toilet area.

Key Financial Information

The owners are open to offers. A lease option would be available by negotiation

MISREPRESENTATION ACT 1967

SellMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.