Black Prince Tile Hill Coven
Jardine Crescent, Coventry, CV4 9QSAgreement Type: Foundation Tenancy
View details for Black Prince Tile Hill CovenRefurbishment Planned
Roseycombe Coventry
Rugby Road, Binley Woods, Coventry, CV3 2AY
Pub Code: 0010807101
Key Features
- Investment planned
- Great Garden Space
- Landmark Community Pub
- Good Location
Est Min Ingoing Costs: £58,466
Annual Rent: £54,695
More Information
The Roseycombe Pub Refurbishment Opportunity!
We’re planning a complete refurbishment of the Roseycombe in Binley Woods, near Coventry, and we’re looking for a motivated licensee to take it to the next level. With a large community within a 10-minute walk and only one other pub nearby, this location has great potential. The pub will have new flooring, re-upholstered seats, an upgraded bar, new kitchen equipment, and refreshed toilets, along with a fantastic outdoor space. It’s set to be a premium local spot that will appeal to all ages and mixed groups. Elevate Your Investment: Witness the Transformation Do you have an entrepreneurial spirit and can create a lively atmosphere and maximise the pub’s potential? The site includes 70 covers and first-floor private accommodation with three bedrooms, kitchen and a living area.
Trading Area & Facilities
- Open plan trading area
- Separate dining area in conservatory
- 80 internal covers
- 30 external covers
- Catering kitchen
- Garden room
- SmartDispense
- Large garden
- Car park with 40 spaces
We are planning on refurbishing these areas
Bar Area
•New solid timber top & back bar.
• Front panelling to bar.
• New vinyl flooring.
• Clean existing tiled apron.
• Mix of refurb and new F&F (Mid Height Tables).
• Full re-decoration throughout.
• New carpet to bottom dining spaces.
• Re-upholster existing fixed seating. Conservatory
• New carpeting.
• Mix of refurbished and new F&F.
• Existing Bi-fold doors removed. Toilets
• Full redecoration to Ladies’ & Gents’ toilets. • Redesign of toilets to be more accessible.
Private Accommodation
The Private accomodation consists of 3 bedrooms, Livingroom, kitchen and bathroom.
| Annual Rent | £ 54,695 |
| Estimated Annual Turnover | £ 702,095 |
| Deposit | £ 13,674 |
| Estimated Fixtures & Fittings Value | £ 31,292 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 58,466 |
| Estimated Minimum Ingoing Costs | £ 58,466 |
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.
Downloads
Location:
Rugby Road, Binley Woods, Coventry, CV3 2AY
More properties in this region
Paddox Rugby
360 Hillmorton Road, Rugby, CV22 5EYAgreement Type: Just Add Talent
View details for Paddox Rugby
Brickmakers Arms Berkswell
Station Road, Berkswell, CV7 7EGAgreement Type: Foundation Tenancy
View details for Brickmakers Arms BerkswellTo 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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download