Shakespeare Inn Newport

66 Upper Bar, Newport, TF10 7AW

  • Shakespeare Inn Newport
  • Shakespeare Inn Newport

Shakespeare Inn Newport


An exciting £180,000 refurbishment planned that will transform this Grade II listed building.


Located in the bustling market town of Newport, The Shakespeare Inn has access to over 135,000 adults within a 20 minute drive all looking for a great local pub serving excellent food and drink. Nestled within a range of shops, schools, and residential areas, the pub benefits from high levels of passing traffic and footfall. The location of the pub combined with a sympathetic uplifting refurbishment will allow the incoming operator to build a loyal pool of customers as well as attracting local visitors.
The vibrant beer garden to the rear of the pub attracts customers all year round and will increase the number of covers by 72

This is a pub with great potential, all we're missing is the right person to drive it forward. So, could that be you?
Can you promote your business and drive trade by introducing a unique and fantastic food and drink offer? Are you Passionate and customer-driven? If so we would love to hear from you.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Weekly Billing

Trading Area & Facilities


This refurbishment tastefully combining modern finishes with period features will reposition The Shakespeare Inn as a standout pub, catering to the whole community. Traditional wooden beams, cosy fireplaces, and luxurious furniture will create a homely, traditional pub with plenty of character that will appeal to a wide audience, The seating capacity inside the pub is for 61 covers.

A vibrant beer garden to the rear will increase covers by an additional 72.

The kitchen will be redecorated and refurbished with new appliances catering for cc 133 covers.

Full details and layout of this amazing transformation are available in the 'Refurbishment Details' download attached to this web page.

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 will not be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016)

Private Accommodation

The private accommodation at the Shakespeare consists of three bedrooms, a kitchen, a lounge area, and a bathroom.
In line with our 'Ready to Trade Promise', should any works be required, we will ensure your private accommodation is in good condition so that you can focus on your business.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 12:00 - 22:30

Financials

Annual Rent £
28,750
Estimated Annual FMOP (Licensee Profit) £
30,463
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
371,780
Estimated Annual Barrelage
213

“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 £
18,323
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
7,188
Rent In Advance £
553
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 £
33,259
Estimated Minimum Ingoing Costs £
33,259

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 £
1,730
Estimated Annual Maintenance Compliance Charge £
1,565
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