Property photos
Business
£39,000
(£58,000.00/sq. ft)
Pub/bar for sale
Railway Street, Glossop SK131 sq. ft
Local area information
Property location
Nearby amenities
- Glossop 0.1 miles
- St Mary's Catholic Voluntary Academy 0.3 miles
- Duke of Norfolk CofE Primary School 0.3 miles
- Dinting 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Glossop to find out more about the local area.
Features and description
High Peak market town
Nightclub/late night bar - currently closed.
Capacity: 250
Main bar: 30
Dance floor: 40
Net sales in the region of £170,000 per annum
Glossop is located in the borough of High Peak, Derbyshire, approximately 15 miles from Manchester and 25 from Sheffield. It lies on the border of Cheshire, Derbyshire and Greater Manchester. The town sits approximately 200 metres above sea level and offers spectacular views of the north-western reaches of the Peak District National Park and the surrounding scenery. The town can accessed via the M67 from Manchester and the A57 from Sheffield, with Glossop train station providing rail services throughout the region.
The Cave Bar & Club is located at basement level in The Old Co-op Building which is a mid terrace, stone constructed property in the heart of Glossop town centre.
Trade areas
On street entrance with stairs leading to basement and main trade area.
Dance floor comprising loose and booth seating for 40, dj booth, light systems and television screens.
Main bar with vinyl floor, loose and booth seating for 30 and ‘L’ shaped, oak top bar servery with well equipped, mirrored shelf back bar and an under counter refrigeration unit. CCTV and office room offset. Over the course of the last 12—18 months, the trade areas have been subject to investment.
Two ladies’ WCs. Gentlemen’s toilets.
On level cellar/storeroom.
External
Two private car parking spaces in the adjacent car park.
The Cave Bar & Club operated as a nightclub/late night venue with the majority of its trade being generated by residents of the local area. The business operated on Friday and Saturday nights only, plus Sundays (when followed by a bank holiday). Our client unfortunately had to close the business after Christmas 2024 due to other business and family commitments elsewhere in the country.
Projected net sales for the year ending 2024 were approximately £170,000, with net profits in the region of £70,000. The business offers scope to increase trade by extending the current opening hours, offering afternoon drinking in the main bar and hosting live music events. Full trading accounts can be made available upon request.
Leasehold £39,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Property is held on a full repairing and insuring lease agreement from a private individual for a term of five years, commencing June 2022. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is currently £1,100 per calendar month (not subject to rent reviews), with £800.00 per annum buildings insurance. No rental deposit is required. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
A full Premises Licence is held permitting the retail of alcohol:
Thursdays: 18:00—02:00.
Fridays and Saturdays: 18:00—05:00.
Sundays: 18:00—02:00 (except bank holiday weekends when the hours are 18:00—05:00).
Late-night live music licence until 02:00 and a late-night music license to 04:30
Opening hours:
Fridays and Saturdays: 23:00—05:00.
Sundays (when followed by a bank holiday): 23:00—05:00
Mains water, electricity and drainage are connected.
Local Authority: High Peak Borough Council, Market Place, Buxton SK17 6EL.
Rateable Value: £7,250 as at 01 April 2023.
Nightclub/late night bar - currently closed.
Capacity: 250
Main bar: 30
Dance floor: 40
Net sales in the region of £170,000 per annum
Glossop is located in the borough of High Peak, Derbyshire, approximately 15 miles from Manchester and 25 from Sheffield. It lies on the border of Cheshire, Derbyshire and Greater Manchester. The town sits approximately 200 metres above sea level and offers spectacular views of the north-western reaches of the Peak District National Park and the surrounding scenery. The town can accessed via the M67 from Manchester and the A57 from Sheffield, with Glossop train station providing rail services throughout the region.
The Cave Bar & Club is located at basement level in The Old Co-op Building which is a mid terrace, stone constructed property in the heart of Glossop town centre.
Trade areas
On street entrance with stairs leading to basement and main trade area.
Dance floor comprising loose and booth seating for 40, dj booth, light systems and television screens.
Main bar with vinyl floor, loose and booth seating for 30 and ‘L’ shaped, oak top bar servery with well equipped, mirrored shelf back bar and an under counter refrigeration unit. CCTV and office room offset. Over the course of the last 12—18 months, the trade areas have been subject to investment.
Two ladies’ WCs. Gentlemen’s toilets.
On level cellar/storeroom.
External
Two private car parking spaces in the adjacent car park.
The Cave Bar & Club operated as a nightclub/late night venue with the majority of its trade being generated by residents of the local area. The business operated on Friday and Saturday nights only, plus Sundays (when followed by a bank holiday). Our client unfortunately had to close the business after Christmas 2024 due to other business and family commitments elsewhere in the country.
Projected net sales for the year ending 2024 were approximately £170,000, with net profits in the region of £70,000. The business offers scope to increase trade by extending the current opening hours, offering afternoon drinking in the main bar and hosting live music events. Full trading accounts can be made available upon request.
Leasehold £39,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Property is held on a full repairing and insuring lease agreement from a private individual for a term of five years, commencing June 2022. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is currently £1,100 per calendar month (not subject to rent reviews), with £800.00 per annum buildings insurance. No rental deposit is required. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
A full Premises Licence is held permitting the retail of alcohol:
Thursdays: 18:00—02:00.
Fridays and Saturdays: 18:00—05:00.
Sundays: 18:00—02:00 (except bank holiday weekends when the hours are 18:00—05:00).
Late-night live music licence until 02:00 and a late-night music license to 04:30
Opening hours:
Fridays and Saturdays: 23:00—05:00.
Sundays (when followed by a bank holiday): 23:00—05:00
Mains water, electricity and drainage are connected.
Local Authority: High Peak Borough Council, Market Place, Buxton SK17 6EL.
Rateable Value: £7,250 as at 01 April 2023.
More information
Listed by
Sidney Phillips
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