Kilderkin Edinburgh
67 Canongate, Edinburgh, EH8 8BSAgreement Type:
Just Add Talent
View details for Kilderkin Edinburgh
Basils Edinburgh
Basils Edinburgh
9/11, Annfield, Newhaven, Edinburgh, EH6 4JF Pub Code: 0080407101
Pub Code: 0080407101
Investment TenancyEst Min Ingoing Costs: £42,759
Annual Rent: £27,234
Basils offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area
The pub benefits from being one of two pubs found in an area of around 8,461 adults. The local customer base is made up of young, midlife and mature adults.
Basils is located in Newhaven, a characterful harbour area of Edinburgh that’s recently benefited from tram extensions and major residential development. The area blends a traditional community feel with modern footfall from commuters and tourists, making it a fantastic location for a revitalised all-round pub.
The offer
Basils is available on our investment tenancy agreement. Click here for more information on this agreement.
This refurbishment includes a full internal and external redecoration, refreshed signage and lighting, upgraded furniture, and new bric-a-brac to bring out a premium yet welcoming feel. The offer is designed to suit daytime coffee, casual food and relaxed drinks – with the potential to appeal to both locals and the area’s growing number of visitors.
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 Basils will have extensive experience in hospitality businesses. They will have a clear vision for their retail offer, customer service and team culture, and can create a memorable experience for locals and visitors alike.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
Basils will be undergoing a refurbishment which will cover the internal and external areas of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- 40 internal covers
- 16 external covers
- HEINEKEN SmartDispense®
- Outdoor trading area
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, 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 2 bedrooms, kitchen, bathroom, lounge, toilet and office.
Estimated Total Ingoing Costs
£42,759
Estimated Minimum Ingoing Costs
£42,759
Annual Rent
£27,234
Estimated Annual Turnover
£446,634
Deposit
£6,809
Estimated Fixtures & Fittings Value
£28,450
Estimated Stock Valuation
£4,000
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:
9/11, Annfield, Newhaven, Edinburgh, EH6 4JF
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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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