Chapel Inn Coggeshall
4 Market Hill, Colchester, CO6 1TSAgreement Type:
Long-Term FRI Lease
View details for Chapel Inn Coggeshall
Railway Hotel Southend
Railway Hotel Southend
Clifftown Road, Southend On Sea, SS1 1AJ Pub Code: 2302820101
Pub Code: 2302820101
Long-Term FRI LeaseEst Min Ingoing Costs: £93,241
Annual Rent: £54,964
The Railway is located in the centre of Southend. Southend city-centre attracts professionals and students either for work or its popular nightlife. The site itself is situated next to the busy Southend railway station. There are a high number of tourists and students in the area as well as over 22,500 permanent residents of medium affluence living within a 20-minute walk time of the pub.
The Railway is a well-known site in Southend. The planned refurbishment and it’s focus on live music give the pub bags of potential. With new kitchen equipment, the pub will be able to provide a food offer as well as tap into the existing but growing local circuit for premium lagers and craft beers. The pubs décor will make it stand out and clearly signal a premium offering. 64 internal covers and 66 external will set up the Railway to be the best bar in the area. This is a pub business with great potential, all we’re missing is the right person to drive it forward.
The Railway Hotel is available on our investment tenancy agreement. Click here for more information on this agreement. The newly refurbished Railway will offer:
A quality assorted food menu including specials and pub classics
The full Heineken range of beers and craft beers from market leading brands such as Beavertown and Brixton.
Premium spirits, minerals and cocktails.
Fantastic wine selection.
Regular live entertainment, such as live music, will also play a role in the pubs offer.
Coffee, to attract day trade.
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 operator for the Railway Hotel will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 Railway will be undergoing a refurbishment which will cover the interior and exterior of the pub. A significant refurbishment will transform the Railway into stylish city centre pub. Redecorations throughout will breathe a new lease of life into this pub. Star Pubs & Bars investment will allow for an all-new bar to be installed, new seating, kitchen and ‘instagrammable’ features such as a piano hanging from the ceiling. Additionally, there will be new lighting throughout the pub and complete refurbishments to all toilets.
Externally, the pub will receive a full redecoration which will include new signage and lighting (subject to planning approval). There will also be new covered drinking areas and a new stage area for live music.
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 a one bedroom self-contained flat with kitchen and bathroom. On the same floor there are a further three rooms that can be used as living room/bedroom or staff rooms. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Estimated Total Ingoing Costs
£93,241
Estimated Minimum Ingoing Costs
£93,241
Annual Rent
£54,964
Estimated Annual Turnover
£789,254
Deposit
£13,741
Estimated Fixtures & Fittings Value
£70,000
Estimated Stock Valuation
£6,000
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.
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:
Clifftown Road, Southend On Sea, SS1 1AJ
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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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