Railway Arms Frimley
70-78 High Street, Nr Camberley, GU16 7JEAgreement Type: Investment Tenancy
View details for Railway Arms FrimleyRefurbishment Planned
Cedar Tree Bagshot
1, High Street, Bagshot, GU19 5AG
Pub Code: 2302004101
Key Features
- Extensive Refurbishment Planned
- High Street Location
- Vibrant Beer Garden
- Dining Space
Est Min Ingoing Costs: £52,360
Annual Rent: £38,000
More Information
Transformational refurbishment planned
An extensive refurbishment at this beautiful pub in the tranquil town of Bagshot. This will include a complete redecoration and refurbishment to the indoor and outdoor trading spaces. The refurbishment will open the dining space and add a feature brick wall. We will also be refurbishing the bar servery and reducing it to create more trading space.
Externally, we will be rejuvenating the garden space, forming a new
attractive seating area. Improvements will be made to the car park and the pub
will receive a face-lift with brand new signage. This will be a truly great pub, with
a great atmosphere.
Town centre
The pub itself is located in Bagshot. Bagshot is a town in the Surrey Heath borough of Surrey
The pub is surrounded by lots of natural beauty that Surrey has to offer. The Cedar Tree sits on the high street of the town with great standout for lots of pedestrian footfall and cars passing by. The pub benefits from strong demographics, with 58% high affluence and 23% medium banding residing within a ten-minute walk time of the pub. There are five additional pubs within a ten-minute walk time to the Cedar Tree. The Cedar Tree’s offering will be a ‘premium local’ which there is a gap in the market for in the local area.
A pub with huge potential
The Cedar Tree will slot into a gap in the local market, offering good food and unique atmosphere to compete with the local competition. The refurbishment will allow to open the dining space for additional covers, while retaining the bar area which will act as a traditional bar & drinking space. It will boast some 68 interal covers and 60 external. All we’re looking for is the right operator that can drive a rhythm of the week, offer great food and a unique atmosphere...
Target customers:
Once refurbished, the Cedar Tree will appeal to:
A wide range of consumers and will attract affluent, local residents and families
Consumers willing to travel for some great food & drink with a warm, welcoming atmosphere
Couples and professionals looking for a drink or bite to eat throughout the week
Offer:
Once refurbished, the Cedar Tree offer will include:
Quality, traditional pub food
Premium drinks offer including lagers, craft beers, wines, ciders and spirits.
A coffee offer to increase daytime trade
Weekly sport, quiz and theme nights throughout the week
Student nights and community events such as PTA nights
Trading Area & Facilities
Works
Trade Area – Generally
Full internal redecoration to trade public areas
Demolish section of wall to form more open trade area
New lighting, positions including dimmer sliding/er system based upon designer’s layout to energy efficient lamps
Retain the section of existing bar, and provide new where wall removed
Reclad retained bar; overhaul retained under counters to existing bar servery
New glazed screen and shelving
New timber floor, new bar vinyl, new bar walk tiles
Manufacture and install sections of fixed seating to design layout
Toilets
New vinyl flooring
Refurbish sanitaryware
Decorations throughout and wall tiling
Cellar & other repairs
Paint cellar and provide smart dispense
Service boiler
Localised plumbing to revised bar layout
New lighting and small power layout to suit design
Check and certify fire alarms and emergency lighting
Ensure property is compliant for electrical, gas, emergency lighting and fire alarm systems
Update managers accommodation to acceptable standard
External
New fence / screening
External redecoration of main pub building to include previously painted surfaces only
New signs and lights to current design and subject to planning approval
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 1 bedroom and a lounge.
| Annual Rent | £ 38,000 |
| Estimated Annual Turnover | £ 483,206 |
| Deposit | £ 9,500 |
| Estimated Fixtures & Fittings Value | £ 31,860 |
| Estimated Stock Valuation | £ 7,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 52,360 |
| Estimated Minimum Ingoing Costs | £ 52,360 |
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, High Street, Bagshot, GU19 5AG
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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