The Old Ball is an incredibly well established pub in Coventry, positioned on the vibrant and busy Walsgrave road in Ball Hill . The surrounding area has a large amount of retail and fast food outlets, in total over 100 units making this area busy all day and evening with the hustle and bustle of people. Either side of the main road are densely populated residential streets with low cost housing favoured by young and established families with double the national average of people in the 16 to 44 year age group. The Walsgrave road forms the main route out of Coventry towards Leicester.
Access for pedestrians is through the large entrance fronting the main road. Upon entering into the pub you will find a snug bar to the left with soft furnishings and wooden tables and seating for 30 people. Straight ahead there is a large function room with its own bar servery and a stage at one end. The room can easily hold up to 100 people for entertainment. It has 4 darts boards and a pool table for competition nights and league games. To the right is a large open plan, traditional sports bar with darts and a pool table, AWP machines and 3 TVs for watching live sports. The seating is a mix of fixed and loose wooden chairs and stools with plenty of room also for vertical drinking. A bar servery to one side leading to a trade kitchen to the rear. There are 2 sets of ladies and Gents toilets located to the rear of the property and a vast beer and storage cellar bellow. The pub has a car park to the rear of the pub for up to 12 cars with a side access to the pub. A further 8 rooms are on the next 2 floors with a toilet and bathroom. (currently these rooms are not certificated as lettable and would require HMO approval following building works).
The private accommodation consists of a self contained flat with 2 bedrooms, bathroom kitchen diner and living room.
Annual Rent: £23,000
Security Deposit: £5,000 – Deposit build option available
Working Capital: £2,000
Stock: £2,500
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.
The new licensee should look to expand its function trade, whilst retaining the existing, loyal customers. There is an opportunity to add additional teams and a rhythm of the week to include a quiz at the weekends and monthly larger events in the function room. The ideal licensee will also immerse them-self within the community, encouraging local businesses and charities to hold weekly meetings on site, whilst cementing the pub to become the focal point of the town to hold functions and private events.
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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