Polton Inn Lasswade
Polton Road, Lasswade, EH18 1BSAgreement Type: Foundation Tenancy
View details for Polton Inn LasswadeRefurbishment Planned
Cuiken Inn Penicuik
28, Edinburgh Road, Penicuik, EH26 8NW
Pub Code: 0080080101
Key Features
- Investment Planned
- Excellent location
- Internal and External Investment
- Extensive range of drinks
- Live Entertainment
- Private accomodation
Est Min Ingoing Costs: £50,011
Annual Rent: £38,047
More Information
Fantastic Refurbishment planned
What would you do with this pub to make it even more of a success?
The area
Excellent location
In the area of Penicuik 12 miles from Edinburgh city centre, with a 15 minute walk from the main high street. The pub is surrounded by a busy neighbourhood with lots of families and close to a number of new housing developments . Around 11,000 people (18+) live within a 20 min walking distance of the pub with this set to grow. Unmatched potential!
There are 6 pubs within a 20 min walking distance of the pub however there are range of independent bars, cafes and chains on the high street. The pub has 65 internal covers and externally a full external redecoration of the signage will rename the pub and drive great kerb appeal
The offer
The is available on our investment tenancy agreement. Click here for more information on this agreement.
When refurbished, The Pentland Inn will offer:
• An extensive range of classic and premium lagers, spirits, wines, and cocktails and low and no alcohol options.
• A crowd pleasing menu full of pub classics to complement the drinks offer.
• The entertainment offer should complement the pub with regular events such as weekend music and Pub Quiz.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Trading Area & Facilities
The Cuiken will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 65 internal covers
- Catering kitchen
- Smart Dispense
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 38,047 |
| Estimated Annual Turnover | £ 513,868 |
| Deposit | £ 9,511 |
| Estimated Fixtures & Fittings Value | £ 22,000 |
| Estimated Stock Valuation | £ 15,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 50,011 |
| Estimated Minimum Ingoing Costs | £ 50,011 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
28, Edinburgh Road, Penicuik, EH26 8NW
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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