Horse & Jockey Waddington

High Street, Lincoln, LN5 9RF

  • Horse & Jockey Waddington
  • Horse & Jockey Waddington
  • Horse & Jockey Waddington
  • Horse & Jockey Waddington

Horse & Jockey Waddington

Charming & Traditional Village Centre Pub

The Horse & Jockey is situated in a prime position facing the old market square, in the village centre of Waddington. With good access links, The Horse & Jockey is located just one mile away from RAF Waddington Air Base. As a result, the pub benefits from 6,600 adults living within a one-mile radius. Along with this, the pub has 30,000 people living within a ten-minute drive and has good Lincoln and Grantham bus links. This excellent location means that there will be a high number of visitors looking for a destination pub to be able to relax and socialise in.

An extensive refurbishment will transform The Horse & Jockey into a quality pub for customers to enjoy. The interior and exterior will receive major works and renovations to modernise the pub with cosy, natural finishes. This will ensure the pub will appeal to a truly diverse demographic while maintaining its historic character throughout. The pub will be decorated in the style of a great country pub, with some twists and nods to The Horse & Jockey name and will also pay tribute to RAF Waddington. All of the above will convert this forgotten gem into a new lively space.

Experienced Food & Drinks Operator Required

The Horse & Jockey has the opportunity to enjoy multiple income streams with great bar trade, a significant food offer with approximately 167 covers, four letting rooms and a great outdoor area with decking space and a fire pit. This means the pub will be able to cater for a wide range of customers and fill a gap in the market in the area for a great pub offering quality food, attracting locals and visitors alike. All we're missing is the right person to take it forward. Could this be you?

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

All areas of the pub will undergo an extensive refurbishment in line with the country pub look and feel. The existing kitchen will be enhanced to support the pubs exciting new food offering to attract additional trade.

The existing garden area will be updated to complement the look and feel of the pub, creating a unique area that will be enjoyed by a wide range of customers. The pub exterior, lighting and signage will be completely transformed to increase site visibility, communicate the pub's unique offering and improve kerb appeal.

Easily accessible with a large car park.

Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).

Private Accommodation

The private accommodation consists of two bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

See premises license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 02:30 10:00 - 02:30 11:00 - 00:00

Financials

Annual Rent £
62,773
Estimated Tenants Annual Operating Profit £
63,773
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
661,024
Estimated Annual Barrelage
197

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
42,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
15,693
Rent In Advance £
1,207
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
69,085
Estimated Minimum Ingoing Costs £
58,623

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
3,150
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased