Are you looking for pubs to lease in Surrey ? We have a recent new addition which has just arrived within our portfolio , The Three Mariners Bagshot is a great opportunity for those seeking to either add to their current pub portfolio or to take on as a new business venture
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Bagshot is on the outer edge of the ‘green belt’ (an area surrounding London in which development is restricted in order to contain the urban spread), the natural vegetation of the area is heath land (from which the administrative borough of Surrey Heath derives its name). The village is separated from its neighbours by open land, most of it heath. Much of this surrounding land is owned by the Ministry of Defence, and some is Royal Estate.
The village is compact and the housing extends over less than 2 miles (3 km).
History
Bagshot is of Saxon origin, originally in a parish with Windlesham. Coaching inns were the major reason for Bagshot’s original prosperity (the village is on the main road from London to the West Country), together with a Royal hunting lodge favoured by the Stuart kings (now known as Bagshot Park and which is again a Royal residence with its occupation by Prince Edward, Earl of Wessex).
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pubs To Lease In Surrey
The Three Mariners Bagshot is a popular high street pub located in the affluent Surrey village of Bagshot. Built in the sixteenth century, this property is traditional in style and comprises two bars (one of which doubles as a function room), a fully equipped trade kitchen and a fantastic external trading area. The current publicans have built a great reputation for real ales and home cooked food, as well as hosting weekly music nights, regular quizzes and even a book club!
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
About the Pub – Three Mariners Bagshot – Pubs To Lease In Surrey
Indoor trading area
The main trading area is a good size split level bar with a mezzanine floor that includes both drinking and dining areas and two comfy seating areas with settees and sofas around the fire. Entered via the high street, the main bar seats approximately 60 covers and is well furnished and maintained. An additional bar is positioned on the Bridge Road side of the property. It accommodates 40 people, contains a dart board, TV projector and screen and can also be utilised as a function room. A fully equipped trade kitchen is suitable for delivering a food offer straight away.
Outdoor trading area
Both external trading areas are located off Bridge Road; a small patio and large garden with smoking area seating 40 covers altogether. In addition to this, a car park with space for approximately 20 vehicles is available for customer use.
Your living accommodation
The private accommodation comprises two bedrooms, bathroom and lounge.
Energy certificate
To help you understand other possible running costs associated with this business.
Click here to download this pub’s energy rating certificate
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Letting Prices – Three Mariners Bagshot – Pubs To Lease In Surrey
Partnership Terms
Guide Rent: £33,000 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND D
The proposed agreement: Partnership Incentive Lease
Your Incentive: £65,000
Your Incentive Volume Target: 1,800 brewers barrels (36 gallons)
The incentive payment is calculated by a lump sum plus a volume related bonus. Payable upon achieving a minimum volume target on the 10th anniversary of the lease. If you fail to achieve the target no incentive payment will be made; if you exceed the target your incentive payment will grow.
(Key terms available online here).
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
£12,750 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £33,000), 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
£15,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£30,800
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
FREE OF TIE OPPORTUNITY – Three Mariners Bagshot
Partnership Terms
Guide Rent: Offers Invited
The proposed agreement: Commercial Lease (Free of Tie)
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
Estimated Capital start-up
You will need to have funds available to cover stock and glassware, deposit (25% of the final rent) and other contractual charges.
Estimated fixtures & fitting value
£15,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£30,800
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
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T & C’s : Please note any promotion or offer is at the discretion of the outlet & cannot be used in conjunction with any other promotion or offer at that time. Any promotion or offer can be withdrawn by the outlet at anytime.