Old Chequers Hemel Hempstead

Gaddesden Row, Hemel Hempstead, HP2 6HH

  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead

Old Chequers Hemel Hempstead

Old Chequers is a stunning county pub, nestled in the picturesque Hertfordshire countryside. Located in the historic Gaddesden Estate. Close by is Hemel Hempstead, St Albans and Berkhamsted. Its accessible from the M1 and M25. Although the pubs location is still secluded enough for that perfect destination pub.

The pub has great surrounding demographics. Lots of young families and couples with high disposable incomes living close by. There is little competition in the immediate area. Making this an exciting opportunity to create a great premium destination pub. Serving great cask ales, Wines & Spirits and traditional British food and pub classics.

Please note that this site is available on a Fully Repairing & Insuring Lease only and as such, requires the purchase of all Fixtures & Fittings outright. A Fully & Repairing Lease is Assignable after two years.



Pub Features

  • Car Parking
  • Catering Kitchen
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Childrens Play Area
  • Cask Ale

Trading Area & Facilities

The Old Chequers is a stunning rustic pub decorated to a high standard. Boasting exposed brick, timber clad walls, open fireplace, and a prominent wooden bar .
As you come into the pub you walk into the large bar and lounge area. This can cater for 30 covers. To the rear is the restaurant dining area with a mixture of fixed and loose seating for an extra 60 covers. There is a large commercial kitchen split into two rooms, both with extraction. Downstairs is the basement cellar.
The Old Chequers has a very large outside trading area. This has enclosed patio seating area with raised planters. This would be a great space for families to enjoy. It could also be a perfect space for hosting beer festivals, weddings and functions. There is a dedicated car park to the front of the building providing 15 marked spaces. There is a private garden to the rear with lean-to store, storage shed and greenhouse.

Private Accommodation

The private accommodation is extensive and consists of four double bedrooms, a kitchen, livingroom and a bathroom and shower room . This is on the first floor.

Premises Licence Details

Please refer to Premises Licence for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 12:00 - 23:00

Financials

Annual Rent £
32,500
Estimated Tenants Annual Operating Profit £
39,512
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
525,585
Estimated Annual Barrelage
101

“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 £
65,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
8,125
Rent In Advance £
2,708
Training Fee £
450
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
84,133
Estimated Minimum Ingoing Costs £
84,133

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 £
1,686
Estimated Annual Maintenance Compliance Charge £
939
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