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The Albemarle is a large detached pub in the suburban Whitleigh area outside the city of Plymouth. The Albemarle is a popular and imposing pub, at the heart of the local community and underwent a significant refurbishment on 2022 externally and also throughout the trade areas including a smart efficient galley kitchen and toilets. Whitleigh is a town of around 7,000 people that has an abundance of properties as well as various schools and a shopping precinct. Known as Britain's Ocean City, Plymouth is a hive of bustling activity with culture and history at every turn. The city centre is around 9 miles away and is easily accessible by car, bus and train and is also home to the infamous Plymouth Argyle Football Club.
Pub Layout
When viewing the Albemarle, you cannot help but be impressed by the size and layout of the pub lending itself to many styles of entertainment, sporting just enjoying the company of friends.
The pub itself has a smart new style whilst retaining its traditional values, occupying a large plot right in the centre of the Whitleigh near to the local shops and on the passing main road. There are two interlinked trade areas both served by two attractive bar areas. The lounge bar is a large space also with a raised seating area which is ideal for functions and live music. The second bar is very much geared for pub sports including darts and pool. There is a well-equipped commercial kitchen behind the bar that is quite capable of producing a traditional pub menu. When walking through the trade areas, they are well decorated and appointed and the ladies and gents toilets are also in very good condition. Access out from the front and sides of the property lead you to the large gardens with numerous pub benches and lawn and there is an ample carpark for approximately 12 cars at the rear of the pub.
The well sized private accommodation consists of three double bedrooms. It also benefits from a domestic kitchen, large and well appointed lounge, and family bathroom.
Annual Rent: £23,500
Security Deposit: £5,000
Working Capital: £5,000
Stock: £2,500
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Admiral are looking for a licensee for the Albemarle, who will work hard to maintain the already strong links with the local community, continue and develop the weekly rhythm and associated events, as well as using new and innovative ways to drive additional footfall and put the pub at the heart of the community. The new licensee would also follow and adopt new market trends to develop on the current drinks offer throughout the year and exploit all the opportunities and facilities the pub has to offer. There are sports teams to grow further and this would also be a great asset to the business.
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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