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Old Inn Malborough

Old Inn Malborough

Higher Town, Kingsbridge, TQ7 3RL Pub Code: 2303030101

Pub Code: 2303030101

Investment Tenancy

Est Min Ingoing Costs: £56,583

Annual Rent: £32,332

Exciting refurbishment planned for this pub in the picturesque Village of Malborough.

What would you do with this pub to make it a success?

The area:

The Old Inn is ideally situated near major tourist locations in the picturesque town of Malborough, and just a short drive from Salcombe. It is close to major tourist attractions such as South Milton Sands, Hope Cove, Soar Mill Cove to name a few. It is also near local caravan and camping sites making it an ideal place for locals and holiday makers to visit for breakfast Lunch or tea.

With the addition of three letting rooms the Old Inn will provide tourists with the perfect base to explore the South Devon area of outstanding natural beauty.

The pub is surrounded by shops, food and retails outlets and mixed housing and benefits from being one of two pubs found in an area of around 566 adults. The majority customer base is made up of middle to affluent locals.

The offer:

The Old Inn Malborough is available on our investment tenancy agreement. Click here for more information on this agreement.

Drinks:

The pub will offer a wide range of drinks, including lagers, ciders, spirits, wines, some cocktails along with a great range of soft drinks and low & no options. This variety caters to everyone, ensuring the pub appeals to a broad audience.

Food:

A straightforward pub menu with a selection of crowd pleasers to cater to every taste, with the opportunity to be further developed by the new licensee.

Coffee:

Coffee can be offered, attracting daytime visitors and non-drinkers, broadening the pub’s appeal.

Events:

The pub will offer live sports and can host events catered to customer demand. These events will create a vibrant atmosphere and will drive a healthy rhythm of the week.

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right licensee for the Old Inn Malborough will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for both local customers and visitors to the area.

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…

  • Investment Tenancy

  • Catering Kitchen

  • Letting Rooms

  • Outdoor Trade

  • Car Park

  • Private Accommodation

Trading Area & Facilities

The Old Inn Malborough 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
  • Zoned dining room
  • Zoned games room with darts board & pool table
  • 50 internal covers
  • Medium size catering kitchen
  • HEINEKEN SmartDispense
  • Three letting rooms
  • Small patio area
  • Car park with approximately ten spaces

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 two bedrooms, a living room, kitchen, and bathroom.

Pub Financials Icon

Estimated Total Ingoing Costs

£56,583


Estimated Minimum Ingoing Costs

£56,583

Annual Rent
£32,332
Estimated Annual Turnover
£422,467
Deposit
£8,083
Estimated Fixtures & Fittings Value
£35,000
Estimated Stock Valuation
£10,000
Estimated Working Capital
£3,500
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.

Location:

Higher Town, Kingsbridge, TQ7 3RL

Google map location image of Old Inn Malborough
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