34 Windsor Street Burbage

Burbage, Hinckley, Hinckley LE10 2EF

  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage
  • 34 Windsor Street Burbage

34 Windsor Street Burbage

Rare opportunity in a beautiful location

Located in the heart of Burbage Village surrounded by boutique independent shops and residential accommodation the site would suit a Restauranteur. Earmarked for refurbishment it is currently a blank canvas with no fixtures and fittings. There is a large kitchen with storage and extraction along with an L shaped trading restaurant space.

Windsor Street benefits from a prime position on the high street of Burbage, near Hinckley. Burbage is an affluent area situated just outside Leicester and Hinckley. Its position makes it a popular commuter area and it has a local population of about 14,500. The village itself now really more of a suburb of Hinckley boasts several pubs and licensed premises and offers the prospect of a great night out for residents of the surrounding villages who frequent Burbage as a result of the entertainment choice here.

Have you got the the vision to develop this fantastic site?

You will need to be an experienced food-led operator with clear funds in excess of £60k to be considered for this opportunity. Delivering a sustainable restaurant offer in the heart of Burbage requires both vision and skill, you will need to be able to present a high quality and unique restaurant offer with broad appeal. Discipline will be key to being able to finance, control and deliver this level of dining experience.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, on entry there is a small lounge seating area before customers move through to the open plan seated restaurant. This currently offers space for about 80 covers and potentially more, depending on the desired layout and retail offer. A small reception bar services the restaurant, while the large kitchen space with no fixtures or fittings other than extraction is located to the rear of the property. A glazed rear section of the restaurant provides a wow factor, overlooking a fenced, decked courtyard area. The first floor is currently set up for office space plus staff changing areas and storage.

Externally there is a fenced, decked courtyard area, this is shielded from the 15-space car park, making the courtyard feel very much part of the restaurant. The car park is situated to the side of the building and allows residential access through the car park to those properties at the rear of 34 Windsor Street.

Private Accommodation

The private accommodation consists of three bedrooms, a large lounge small kitchenette and bathroom and all in need of modernisation. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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