Packhorse Peterborough
4 Lincoln Road, Northborough, Peterborough, PE6 9BLAgreement Type: Foundation Tenancy
View details for Packhorse PeterboroughRefurbishment Planned
Wildfowler Kings Lynn (to be re-named the Queen Elizabeth)
Gayton Road, Kings Lynn, PE30 4EL
Pub Code: 0020345101
Key Features
- Investment Tenancy
- External Refurbishment
- Catering Kitchen
- Outdoor Trade
- Private Accommodation
Est Min Ingoing Costs: £32,654
Annual Rent: £23,014
More Information
Fantastic external refurbishment planned!
We are planning a £100,000 refurbishment that will drastically improve the external trading areas and exterior of the Wildfowler (with a proposed name change to the Queen Elizabeth). This will create and all-round, great community pub. The pub will benefit from new signage and new paint which will dramatically improve its kerb appeal. We will also be adding new furniture and lighting which will increase the total number of covers for the pub.
Fantastic location
The Queen Elizabeth is based in Kings Lynn, Norfolk. The sits on a busy main road, close to the local hospital. There are nearly 10,000 adults living around the pub, with medium demographics. The pub has limited competition, but the pub all new look and feel make the Queen Elizabeth stand out.
Taps full of potential
The Queen Elizabeth has the potential to be the community pub with its excellent interior and soon-to-be refurbished externals. The food & drinks offer will be a major draw for customers and locals alongside the amazing beer garden with its 200 covers, which can be enjoyed during the warmer months of the year.
The offer
The Queen Elizabeth is available on our investment tenancy 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 Queen Elizabeth will have extensive experience in a similar hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and sports 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 Queen Elizabeth will be undergoing a refurbishment which will cover the exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
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 at the Wildflower has four double bedrooms, lounge, kitchen, bathroom and office.
In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition. This will allow you to focus on driving your business.
In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition. This will allow you to focus on driving your business.
| Annual Rent | £ 23,014 |
| Estimated Annual Turnover | £ 365,493 |
| Deposit | £ 5,754 |
| Estimated Fixtures & Fittings Value | £ 18,400 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 32,654 |
| Estimated Minimum Ingoing Costs | £ 32,654 |
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:
Gayton Road, Kings Lynn, PE30 4EL
More properties in this region
Square Deeping
13 Market Place, Market Deeping, PE6 8EAAgreement Type: Foundation Tenancy
View details for Square Deeping
Manor House Wortham
Bury Road, Wortham, IP22 1PXAgreement Type: Investment Tenancy
View details for Manor House WorthamTo 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