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The Prince Of Wales is an attractive two-storey corner brick built property situated in the centre of Spondon. Homely two room pub with a single bar servery; the main bar has a darts board and seating for around 30 covers and a lounge has space for an additional 40 covers. Externally, great outside space with over two areas with 50 covers and a children's play area. The pub is involved with many community activities and supports local charities. There is monthly acoustic/tribute bands. The Prince of Wales benefits from a central Spondon location and is surrounded by local businesses andThe Pr chimney pots. The pub is at the centre of the community; the new publican should create a warm friendly atmosphere to keep the locals loyal and make it a great place for visitors to relax.
Prince Of Wales is a traditional two room pub business with a single bar servery. Traditionally decorated; the pub is in good condition throughout with a mixture of fixed and loose furniture. The main bar has a darts board and seating for around 20 covers. Leading on is the inviting lounge which has space for an additional 20 covers. There is great potential to introduce live entertainment and music. The loft is an external room that has been developed to a good standard which has a separate bar and can fit around 20 covers for functions and parties.
The pub has two distinct outside areas. First a courtyard garden accessed from the rear of the pub and side gate to road 20 covers and the second an enclosed astro turf area with eight picnic benches and childrens play area ideal for families with 30 covers.
The spacious living accommodation is situated above the pub and is ideal for a couple or family to live in. Comprising three bedrooms, lounge, domestic kitchen.
Agreement Fee: £750.00
Cash Float: £1,500.00
Fixtures & Fittings: £5,500.00
Forecast Turnover: £411,896.27
Full Deposit: £7,250.00
Full Tie Release: £49,250.00
Guide Rent: £29,000.00
Initial Deposit: £0.00
Repair Fund: £3,000.00
Stock & Glassware: £2,300.00
Working Capital: £5,000.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £14,119.36
Forecast Other Turnover: £8,576.51
Forecast Wet Turnover: £389,200.39
This is a fantastic opportunity to for new or experienced publican who want to continue to build this community pub to be one of the best in the area that becomes famous for great hospitality, quality cask ale and a fantastic outside entertainment space. The pub is in fantastic condition ready to trade and welcome new and existing customers.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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