For sale. The Temple Hotel Temple Walk Matlock Bath Derbyshire DE4 3PG. June 2017 GVA

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1 For sale The Temple Hotel Temple Walk Matlock Bath Derbyshire DE4 3PG June 2017 For sale by way of Fixed Charge Receivers and FRP Advisory LLP GVA

2 The Temple Hotel Address The Temple Hotel Temple Walk Matlock Bath Derbyshire DE4 3PG

3 Overview The Temple hotel comprises a detached Grade II Listed building with rendered and painted elevations beneath pitched slate tiled roofs with a single storey extension that has a pitched felt roof. The hotel has historically operated as a bed and breakfast business with a function room, dining room and two ground floor bars which have been closed for trading. The hotel is situated in an elevated banked position with fine views over Matlock Bath. Location The hotel lies in a predominantly residential location in the popular tourist area of Matlock Bath, the County Town of Derbyshire which is south of the town just off the busy A6 approximately 12 miles southwest of Chesterfield. Matlock Bath itself is situated between Buxton and Derby alongside the valley of the River Derwent. The area developed in the 19th Century as a residential spa town and is a well-known tourist destination. The A6 provides easy vehicular access to the surrounding areas. According to the 2011 Census, the population of the village was 753. Tourist attractions include The Heights of Abraham Park, Gulliver s Kingdom Theme Park, The Peak District Mining museum, The Life in a Lens Photography Museum, The Grand Pavilion and an aquarium. On the opposite side of the bank of the River Derwent, stands High Tor, a sheer cliff popular with climbers and walkers. Cable cars link the base of High Tor rising to The Heights of Abraham. In Autumn each year, the Venetian Nights event is held whereby illuminations are shown along the River and on illuminated boats. Chesterfield is situated just 12 miles from Matlock Bath, Buxton is situated approximately 22 miles away, whilst Derby is 20 miles, Macclesfield 31 miles and Sheffield some 25 miles distant. Accommodation Public Areas Reception hall / lobby area 2 unused bars (formerly used as a lounge bar and public bar) Dining room / restaurant (The Byran Room) 26 covers with views over the River Derwent and Matlock Bath Function room (The Panorama Room) with a capacity of 60 with its own independent bar opening to rear terrace and garden also with fine views over the River Derwent and Matlock Bath Ancillary Areas Commercial catering kitchen Laundry room Two beer cellars Manager s office Ladies and gents WC s Letting Accommodation There are a total of 15 en suite letting bedrooms which at the time of our inspection were all reasonably furnished and offer a flat screen digital colour TV with Freeview channels together with tea and coffee making facilities and free Wi-Fi for guests. Room Configuration 5 Zip and link/ super king size bedrooms 9 double bedrooms 1 family bedroom

4 The Temple Hotel Fixtures and Fittings We understand that all fixtures and fittings are owned outright. All appliances are untested and a purchaser should satisfy themselves that all equipment is in working order. Licenses We understand that the hotel has the benefit of a Premises Licence. It is a requirement of the Licensing Act 2003 that properties serving alcohol should have a designated premises supervisor who must be the holder of a personal licence. Prospective purchasers are advised to take specialist advice. Services All mains services were connected at the time of our inspection on 31 March Business Rates The business rates are payable to Derbyshire Dales district council. We understand that the rateable value for the year commencing 1 April 2017 is 17,000. Tenure Details The hotel is held on a freehold title and is for sale by way of Fixed Charge Receivers and FRP Advisory LLP. Business / Opportunity The hotel is available with vacant possession and it is felt that this creates an excellent opportunity for an independent owner / operator who would like to take advantage of the potential that this property has to offer and add value by developing the building and business in a number of ways. Alternatively it is conceivable that the hotel may also be of interest to speculators and developers who would like to explore the possibilities of alternative use subject to planning permission and any other necessary consents. Exterior The site extends to approximately 1.5 acres (0.645 hectares) in total. To the rear of the hotel there is a good sized car park. We understand that a pedestrian right of way will be provided over the car park to the adjacent coach house for the benefit of the coach house. There are gardens extending to the rear of the plot which were formerly utilised as kitchen gardens for the hotel. To the other side of the hotel is a formal garden and terraced area which can be utilised by customers in the summer months and is accessed via the function suite which is known as the Panorama Room. To the front of the building and across the road from the hotel is a secondary car parking area. There is also a further area of land which is included in the sale and shown on the attached plan with a red boundary. It is conceivable that this could potentially be of interest to residential developers or speculators for the construction of residential accommodation subject to obtaining any necessary planning permissions or other consents. Additional Development Opportunity To the Northern end of the car park is a former coach house building and area of land (0.054 acres hectares) which is shown on the adjacent site plan with three blue boundaries and one red boundary. There is a further area of land (approximately acres hectares) identified by the blue boundary on the attached plan, which is to be sold with the Coach House and which is also excluded from the sale of the Temple hotel. Our clients have instructed a local residential agent to market this property separately from the hotel although the coach house is available to purchase by separate negotiation through GVA. The building could potentially provide further letting accommodation or perhaps a residential development opportunity subject to obtaining any necessary planning permissions or other consents. We understand that planning permission was previously granted for conversion of the outbuilding to a dwelling in September The approved scheme involved raising the roof height to enable the formulation of a liveable 2 storey, 2 bedroom property. Further information can be provided upon request. Viewing Arrangements Viewing arrangements are strictly by appointment only through the Vendor s sole agent GVA. Under no circumstances should any party make any indirect approach to the business or the staff at the hotel Asking Price We are inviting offers in the region of 450,000 for the freehold interest in the hotel. The freehold interest in the former coach house building is also available in addition and by separate negotiation.

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6 For further information Martin Davis, Director Property ref gva.co.uk/02b Our offices: Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool London Manchester Newcastle GVA 65 Gresham Street, London EC2V 7NQ GVA is the trading name of GVA Grimley Limited an Apleona company GVA GVA hereby give notice that the information provided (either for itself or for the vendors / lessors of this property whose agent GVA is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise. May B (3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.

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