PEAK DISTRICT - NEW LEASE RECENTLY RENOVATED BAR AND RESTAURANT
Matlock Bath, Matlock, Derbyshire
Ref: 95507
Leasehold £8,000
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Key Features
Location
The High Tor Hotel is situated in Matlock Bath, a village and spa resort which lies in the Derbyshire Dales, 1.5 miles south of Matlock town on the main A6 road. The village is located 17.3 miles north of Derby and 10.7 miles southwest of Chesterfield. It is affectionately known as the seaside town of Derbyshire.
Matlock Bath benefits from a plethora of notable landmarks and amenities which include the Peak District Lead Mining Museum, the water-powered, cotton spinning Masson Mills Shopping Village, Matlock Meadows, Great Masson Cavern and the Heights of Abraham cable car station. Matlock itself provides larger shopping outlets, supermarkets and fuel stations.
The High Tor Hotel occupies a three-storey, detached stone building under a pitched tile roof. The property is located on Dale Road where it benefits from breathtaking views.
Matlock Bath benefits from a plethora of notable landmarks and amenities which include the Peak District Lead Mining Museum, the water-powered, cotton spinning Masson Mills Shopping Village, Matlock Meadows, Great Masson Cavern and the Heights of Abraham cable car station. Matlock itself provides larger shopping outlets, supermarkets and fuel stations.
The High Tor Hotel occupies a three-storey, detached stone building under a pitched tile roof. The property is located on Dale Road where it benefits from breathtaking views.
Property
TRADE AREAS
GROUND FLOOR
FRONT ENTRANCE HALL with laminate flooring and wooden reception desk. BREAKFAST ROOM with seating for 24, laminate flooring, buffet bar and service area with storage cupboard. MAIN BAR with seating for 20, laundry cupboard and wooden bar servery with service area behind. RESTAURANT with seating for 22 and feature fireplace. INNER HALL with external door for delivery access, ground floor CELLAR, Ladies’ and Gentlemen's TOILETS and access to a fully-fitted COMMERCIAL KITCHEN with POT WASH AREA, WALK IN FRIDGE and external door to the gated courtyard.
EXTERNAL
Private, sloped DRIVEWAY with boundary stone wall leading up to the side CAR PARK which has lined spaces for 10 vehicles and 1 disabled space. Additional parking for 5 vehicles is available at the front of the property. Side PATIO with seating for 20. Raised external seating area overlooking the car park. Enclosed and gated COURTYARD with seating for 30.
GROUND FLOOR
FRONT ENTRANCE HALL with laminate flooring and wooden reception desk. BREAKFAST ROOM with seating for 24, laminate flooring, buffet bar and service area with storage cupboard. MAIN BAR with seating for 20, laundry cupboard and wooden bar servery with service area behind. RESTAURANT with seating for 22 and feature fireplace. INNER HALL with external door for delivery access, ground floor CELLAR, Ladies’ and Gentlemen's TOILETS and access to a fully-fitted COMMERCIAL KITCHEN with POT WASH AREA, WALK IN FRIDGE and external door to the gated courtyard.
EXTERNAL
Private, sloped DRIVEWAY with boundary stone wall leading up to the side CAR PARK which has lined spaces for 10 vehicles and 1 disabled space. Additional parking for 5 vehicles is available at the front of the property. Side PATIO with seating for 20. Raised external seating area overlooking the car park. Enclosed and gated COURTYARD with seating for 30.
The Business
Our client has owned and operated The High Tor Hotel since September 2019 and has refurbished this historic property to create the boutique hotel it is today. Over £150,000 has been spent on the renovations, the majority of which took place in 2024.
The High Tor Hotel currently aims to attract an upmarket clientèle with bespoke room fittings, modern en suite facilities and its custom designed honeymoon suite. The on-site restaurant and bar are strictly available to guests only, emphasising the hotel’s exclusivity.
The business is currently operated by our client and their three immediate family members, with assistance from two full-time and four part-time staff. Our clients are now offering the premises to the leasehold market in order to find a long term tenant to operate the bar and restaurant areas of the hotel, please note the accommodation aspect of the business will be retained by the landlord.
Accounting information will be made available to serious parties following a formal viewing.
The High Tor Hotel currently aims to attract an upmarket clientèle with bespoke room fittings, modern en suite facilities and its custom designed honeymoon suite. The on-site restaurant and bar are strictly available to guests only, emphasising the hotel’s exclusivity.
The business is currently operated by our client and their three immediate family members, with assistance from two full-time and four part-time staff. Our clients are now offering the premises to the leasehold market in order to find a long term tenant to operate the bar and restaurant areas of the hotel, please note the accommodation aspect of the business will be retained by the landlord.
Accounting information will be made available to serious parties following a formal viewing.
Tenure
LEASEHOLD: £8,000 to include goodwill. Stock at valuation in addition.
TERM: Seven to twenty five years (term negotiable).
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord’s consent.
BOND: A bond equivalent to three months’ rent in advance.
RENT: £15,000 per annum, paid monthly in advance.
RENT REVIEW: Increase of 10% per annum every third year of the term.
REPAIR LIABILITY: Full repairing and insuring lease agreement.
FIXTURES & FITTINGS: Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair).
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
TERM: Seven to twenty five years (term negotiable).
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord’s consent.
BOND: A bond equivalent to three months’ rent in advance.
RENT: £15,000 per annum, paid monthly in advance.
RENT REVIEW: Increase of 10% per annum every third year of the term.
REPAIR LIABILITY: Full repairing and insuring lease agreement.
FIXTURES & FITTINGS: Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair).
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Licence
A full premises licence is held allowing the sale of alcohol.
Services
All mains services are connected. The property benefits from both fire and burglar alarms as well as a 22 camera CCTV security system.
Local Authority: Derbyshire Dales District Council, Town Hall, Bank Road, Matlock, Derbyshire DE4 3NN.
Rateable value as at 01 April 2023 to present: £13,250.
Local Authority: Derbyshire Dales District Council, Town Hall, Bank Road, Matlock, Derbyshire DE4 3NN.
Rateable value as at 01 April 2023 to present: £13,250.
Enquire about this listing
Zaine Lamont
Eastern Counties
Ref: 95507
