**We are offering a Year 1 Reduced Rent for this pub, as well as an exciting investment planned for the site to help you launch your new pub business**
Available for let is this is real traditional community pub. Occupying a dominant central position in the centre of a popular village, it would suit a couple or operator who will thrive as the beating heart of the community. Our current publicans are moving onto their next challenge so we are pleased to be able to bring to the market this well established village pub.
The Star is currently operated as a wet-led, but there is still potential for agood pub food offer to be introduced. The Star offers a truly fantastic opportuinity for a great business especially with a planned refurb with the right operators in situ.
The Star has a great internal layout, with a sweeping central bar looking out over the entire trading area. The pub is fairly open plan, yet benefits from distinct zoning which enables there to be flexibility with the retail offer. The large bay window at the front of the pub is a prominent feature that makes the interior light and airy, yet cosy in the winter months with the woodburning stove. There is booth seating and the lounge area leads out onto an external decked area. To the other side of the pub is the pool table, making for a great atmosphere whatever the time. The decor is presentable but will definitely benefit from the proposed refurbishment. In total there is space for around 60 covers, with the option to move furniture to suit. There is a medium sized trade kitchen that is equipped with the basics to offer food and capable of catering to the number of covers in the pub.
The decking area to the side of the pub is a real asset in the warmer months. To the rear is a good sized car park with space for 15-20 vehicles. The pub itself is eye-catching with impactful signage to attract passing trade.
The good sized first floor living accommodation comprises of lounge, kitchen, 3 bedrooms and a bathroom and is in good order
Forecast Turnover: £372,960.90
Year 1 Rent: £20,000.00
Guide Rent: £33,000.00
Initial Deposit: £0.00
Full Deposit: £8,250.00
Full Tie Release: £33,250.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £20,000.00
Working Capital: £25,200.00
Stock & Glassware: £3,500.00
Cash Float: £1,000.00
Forecast Wet Turnover: £304,546.29
Forecast Dry Turnover: £53,751.58
Forecast Other Turnover: £14,663.03
The Star has the foundations to become a great village pub offering a really good retail offer with the right publican in place. It is already popular within the local community as a wet led village pub with a sports offering, but it needs taking to the next level with the introduction of a really good traditional pub food offer. With this in mind I am looking for an all round publican who can grow both the wet and dry sales, and at the same time embed themselves at the heart of the local community to maximise the fantastic opportunity and that this pub offers.
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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