Three Wheatsheaves Nottingham

402 Derby Rd, Lenton, Nottingham, NG7 2GQ

  • Three Wheatsheaves Nottingham
  • Three Wheatsheaves Nottingham
  • Three Wheatsheaves Nottingham
  • Three Wheatsheaves Nottingham

Three Wheatsheaves Nottingham

Great All-round Pub

Occupying a high profile main road location, the Three Wheatsheaves is located just two miles from historic Nottingham Castle. The pub is well placed to cater for a broad customer base as it sits adjacent to both the University of Nottingham campus and the acclaimed Queens Medical Centre. Positioned in a densely populated area with detached homes opposite the site and student accommodation located at the rear of the property, the Three Wheatsheaves benefits from a large student population, which provides a lucrative customer base.

Externally, this well-proportioned pub enjoys great kerbside appeal with excellent signage. There is a small grassed area, children's play area and large courtyard with wooden benches providing an excellent additional trading area during summer months. There is also a large car park at the rear.

Friendly and Outgoing Publican

This pub would ideally suit an experienced community operator or hospitality professional with good food skills and the motivation to further develop this high performing site.

Available on our Business Start-Up Agreement, with the following support:
  • Manage your risk: 3 years fixed term agreement that you can terminate at any time on 28 days' notice;
  • Higher discount on selected beers and ciders

Pub Features

  • Business Start-Up Agreement
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Childrens Play Area
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The White Lion is a lovely whitewashed building with good internal and external trading areas. The catering kitchen services up to 46 covers in the open-plan bar area.

Outside, the pleasant beer garden also includes a play area for children, and there is parking for around 10 cars.

Private Accommodation

The spacious private accommodation at the Three Wheatsheaves is in good repair and boasts five bedrooms, kitchen, bathroom, office and utility room.

Premises Licence Details

For full licensing details, please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30

Financials

Annual Rent £
22,250
Estimated Tenants Annual Operating Profit £
23,764
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
349,666
Estimated Annual Barrelage
431

“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 £
5,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
3,000
Rent In Advance £
428
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 £
15,613
Estimated Minimum Ingoing Costs £
10,613

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 £
2,549
Estimated Annual Maintenance Compliance Charge £
789
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