Are you looking to lease a pub in Devon ? If so ‘The Keyberry Hotel’ is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Keyberry Hotel is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In Devon – The Keyberry Hotel Is Now Available !
The Keyberry Hotel is a substantial, imposing public house situated on the outskirts of Newton Abbot which offers the opportunity for an experienced or new publican to place themselves at the centre of the community and maximise wet, dry and letting income. Situated opposite the Decoy Nature Reserve, it is an ideal location for a drink for visitors from the surrounding communities. Traditionally decorated throughout, the pub is spacious and appeals to the local community who visit to relax, socialise and play a game of pool. With a trade kitchen and plenty of covers, a good food offer could be developed successfully within this pub. Stonegate Pub Partners are seeking a new or experienced individual who can maximise this pub business to its full potential.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Lease A Pub In Devon – The Keyberry Hotel Is Now Available !
Overview of Keyberry Hotel
The Keyberry Hotel is a substantial, imposing public house situated on the outskirts of Newton Abbot which offers the opportunity for an experienced or new publican to place themselves at the centre of the community and maximise wet, dry and letting income. Situated opposite the Decoy Nature Reserve, it is an ideal location for a drink for visitors from the surrounding communities. Traditionally decorated throughout, the pub is spacious and appeals to the local community who visit to relax, socialise and play a game of pool. With a trade kitchen and plenty of covers, a good food offer could be developed successfully within this pub. Stonegate Pub Partners are seeking a new or experienced individual who can maximise this pub business to its full potential
Indoor trading area
The Keyberry Hotel has two bar areas, one of which focuses on pub sports and the other which is a more comfortable lounge area with an open fire, ideal for cosy winter drinks. Positioned just off the lounge bar area is a functioning trade kitchen and dining area which requires further development but is a fantastic opportunity to develop a suitable food offer. There are four en-suite letting rooms on the first floor, all of good standard which could be utilised for extra takings. To the rear of the property is a large function room with space for approximately 60 covers which is used regularly by local skittles teams and has its own bar servery and toilet facilities, a great amenity which brings the local community together within this space. This property also has a large cellar and good storage facilities are positioned on the ground floor with good internal and external access.
Outdoor trading area
The external trading area consists of a covered smoking shelter positioned in front of the function room and is a great space for extra covers in the summer months.
Your living accommodation
Positioned on the ground floor, this self-contained flat offers easy access to the main trading areas, with two double bedrooms, lounge, kitchen and bathroom.
Surrounding area
The Keyberry is positioned at the centre of a major residential area with easy access to both the town centre and the south Devon Link Road which will offer quick access to Torquay, Paignton and Brixham. There are plans for further residential and business developments proposed in the immediate vicinity of the pub upon completion of the south Devon Link Road which will be beneficial to bring in extra trade from these surrounding areas. Situated opposite Decoy Country Park, this pub is the ideal location for a lunchtime beverage after a day of exploring.
Local competition
Pen Inn,Torquay Road, Newton Abbot, TQ12 4AQ (0.4 mi)
Railway Tavern,Queen Street, Newton Abbot, TQ12 2BS (0.7 mi)
Saracens Head,Fairfield Terrace, Newton Abbot, TQ12 2LH (0.8 mi)
Greene Man,East Street, Newton Abbot, TQ12 2JR (0.8 mi)
Cider Bar,East Street, Newton Abbot, TQ12 2LD (0.8 mi)
Lease A Pub In Devon – The Keyberry Hotel Is Now Available !
Potential Turnover
£280,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £26,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND E
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£10,500.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £26,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£10,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£8,300
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search
The Keyberry Hotel
Regional Manager’s thoughts on the Keyberry Hotel
This pub has a huge amount of potential with the opportunity to develop wet, dry and letting income. The pub requires a hands-on publican with a great personality who is prepared to become the focal point of the community. This pub would be suitable for both experienced publicans and those new to the industry.
Simon, Regional Manager
