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Bankhouse Pudsey

Bankhouse Lane, Pudsey, LS28 8EB

Pub Code: 0070556101

Key Features

  • £224,000 Investment Planned
  • Destination Country Pub
  • Three Internal Trading Areas
  • Free of Tie on Wines, Spirits & Food
  • Beautiful Beer Garden
  • 30 Space Car Park

Est Min Ingoing Costs: £54,009

Annual Rent: £49,768

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More Information

Significant Investment Planned

The Bankhouse is a traditional stone built pub located in the village of Pudsey. Nestled within an idyllic setting, this country pub has a real sense of character. We are now planning an investment of over £224,000 to reopen this once celebrated establishment.

The pub is split into two trading areas - a main bar and dining room. It also boasts a beautiful beer garden that offers customers views of the surrounding countryside. Our investment will cover all trading areas of the pub to create a truly beautiful destination country pub.

The new operator of The Bankhouse should drive trade through a quality food menu. They should also offer a variety of cask ale and premium spirits.

Established Food Operator Wanted

The perfect operator for The Bankhouse will have a passion for food. They will have prior experience running a similar pub and have the ability to market their business effectively online.

  • Catering Kitchen

  • Function Room

  • Investment Tenancy

  • Car Park

  • Cask Ale

  • Outdoor Trade

  • Private Accommodation

  • Refurbishment Planned

Trading Area & Facilities

The pub is split into a main bar and dining room, both serviced from one central bar. Our investment will cover all trading areas of the pub.

In the bar, we will steam clean the original stone and slate features. We will reupholster the existing fixed seating in leather and add new free standing furniture. The fireplace will be restored so that this space has a cosy feel to it. We will also add new lighting and decoration throughout.

In the dining room, we will add new flooring. The existing furniture will be upcycled and we will add new decorations throughout. The WCs will also be refurbished to a high standard. The catering kitchen will receive a new layout to create more space and new flooring will be added.

The pub has a fantastic beer garden, offering customers scenic views of the surrounding countryside. Our investment will further add to the appeal of this space - this will include new bench style seating and oak pole lighting. Twinkly festoon lighting will be hung over the seating area and in the surrounding trees. These additions will create a truly magical space in the warmer summer evenings.

We will also create new signage for the pub. The windows and doors will be repainted and the existing flags and concrete pads will be cleaned.

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

Private accommodation consists of three bedrooms, en suite, living room, kitchen, and bathroom.

Premises Licence Details

See premises licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
23:30
11:00 -
23:30
11:00 -
23:30
11:00 -
00:00
11:00 -
00:00
11:00 -
00:00
12:00 -
23:30

Annual Rent £
49,768
Estimated Tenants Annual Operating Profit £
50,266
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
645,870
Estimated Annual Barrelage
236
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
30,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
9,000
Deposit Amount £
12,442
Rent in Advance £
957
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
54,009
Estimated Minimum Ingoing Costs £
54,009
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,935
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** 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

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