Ramshill Hotel Scarborough
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Victoria Gardens Sunderland
Victoria Gardens Sunderland
1, China Street, Sunderland, SR2 8RU Pub Code: 0070224101
Pub Code: 0070224101
Investment TenancyEst Min Ingoing Costs: £11,220
Annual Rent: £23,606
An extensive refurbishment will transform The Victoria Gardens into a quality pub for customers to enjoy. This is an excellent business opportunity in a great location, perfect for engaging with the local community.
The areaVictoria Gardens sits in a lively suburb of Sunderland with thousands of local adults nearby and very limited competition. Positioned on a main road with easy access via bus stops, the pub is primed to become a community favourite after a significant refurbishment, which includes a full interior overhaul and external upgrades for a fresh, inviting look. With 47 indoor and 48 outdoor seats, it will be a cosy, quirky spot for locals to enjoy quality food and drinks.
Our investment is set to transform Victoria Gardens into a go-to spot for the neighbourhood, offering popular food like burgers and pizza, along with a full drinks menu and a welcoming atmosphere. We’re seeking a local, experienced licensee who’s ready to create a true community hub with regular events like quizzes and pub games, giving Sunderland residents a fantastic pub experience just around the corner.
The offer
Drinks:
The Victoria Gardens will offer a wide selection of drinks, including premium lagers, ciders, spirits, quality wines, and a good variety of soft drinks and low- or no-alcohol options. This range caters to everyone, from regulars enjoying a beer to visitors seeking a more premium experience, ensuring broad appeal.
Food:
A straightforward menu of classic pub favourites will complement the drinks selection.
Coffee:
Quality coffee can be offered, attracting to daytime visitors and non-drinkers, broadening the pub’s appeal.
Events:
The pub will low-key village events, which will create a vibrant atmosphere and will drive a healthy rhythm of the week
The Victoria Gardens is available on our Investment agreement. Click here for more information on this agreement.
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 Victoria Gardens will have extensive experience in community led 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 Victoria Gardens will be undergoing a refurbishment which will cover the interior and the 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
- 4 Letting Rooms
- Catering kitchen
- Smart Dispense
- Large Outdoor trade
- Pub games
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
The private accommodation consists of three bedrooms, lounge, kitchen & bathroom.
Estimated Total Ingoing Costs
£34,154
Estimated Minimum Ingoing Costs
£11,220
Annual Rent
£23,606
Estimated Annual Turnover
£385,961
Deposit
£5,901
Estimated Fixtures & Fittings Value
£19,000
Estimated Stock Valuation
£5,753
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:
1, China Street, Sunderland, SR2 8RU
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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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