Bull Whitwell
34 High Street, Whitwell, SG4 8AGAgreement Type: Investment Tenancy
View details for Bull WhitwellRefurbishment Planned
Hedgehog Welwyn Garden City
Shoplands, Welwyn Garden City, AL8 7RH
Pub Code: 2301991101
Key Features
- Investment Tenancy
- External Refurbishment
- Seperate Sports Bar
- Pub Games
- Car Park
- Large Beer Garden
Est Min Ingoing Costs: £27,728
Annual Rent: £26,283
More Information
Exciting external refurbishment planned
A refurbishment of the exterior will significantly improve the Hedgehog. Redecorations of the outside trading areas will breathe a new lease of life into this pub. Star Pubs & Bars investment will also allow for all new signage and lighting to be installed at the pub. Making the pub much more attractive to passing trade.
Great pub in a great location
The Hedgehog is located near town centre of the picturesque Welwyn Garden City. It’s close to all local amnesties and there is a high footfall due to its close proximity to the busy commuter train station. In the area, there is only one pub within a 20-minute walk. And within a ten-minute walk there are 2,300 adults, meaning this is a fantastic location.
Unmatched potential
The Hedgehog is a well-known site in the local area. The planned redecoration and it’s local affiliation give the pub bags of potential. There are 70 internal covers, and the pub already provides a great food offer. The new external décor and 85 covers will make it a brilliant venue for locals to visit. All we’re missing is the right person to drive it forward.
The right operator for the pub will have extensive experience in a community led hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their 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 Hedgehog will be undergoing a refurbishment which will cover the exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
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 3 bedrooms, kitchen, a living room and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 26,283 |
| Estimated Annual Turnover | £ 353,462 |
| Deposit | £ 6,571 |
| Estimated Fixtures & Fittings Value | £ 11,657 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 27,728 |
| Estimated Minimum Ingoing Costs | £ 27,728 |
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:
Shoplands, Welwyn Garden City, AL8 7RH
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View details for Barrels (to be re-named The Cannon)To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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