Bell Inn Mortonhampstead

Cross Street, Newton Abbot, Newton Abbot TQ13 8NL

  • Bell Inn Mortonhampstead
  • Bell Inn Mortonhampstead
  • Bell Inn Mortonhampstead
  • Bell Inn Mortonhampstead
  • Bell Inn Mortonhampstead
  • Bell Inn Mortonhampstead
  • Bell Inn Mortonhampstead

Bell Inn Mortonhampstead

Rural, Historic Pub

The Bell Inn, which is earmarked for £190k investment by Star Pubs & Bars, is located on the main road through rural Moretonhampstead. Steeped in history, this wonderful pub is surrounded by a community which consists of families and mature couples living a comfortable country lifestyle, allowing an experienced operator to build a lucrative business, once the renovation is complete.

Boasting a beautiful Tudor facade, The Bell Inn will be fully upgraded with a sympathetic external and internal refresh which will greatly enhance the overall guest experience. A locally sourced, enticing food offer in conjunction to the planned works will ensure guests enjoy good beer, cask ales and hearty pub grub in a relaxed and cosy setting.

Experienced Local Operator Wanted

Are you a local operator with food experience and a love of the English country lifestyle? Apply now to discuss your plans for this charming site further.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Inside, the pub will undergo a complete internal renovation & redecoration. A complete ground floor internal refurb for this site will see new finishes throughout including new feature walls, new floor finishes such as carpet, tiles and timber. Existing fixed seating and booth seating bays will be retained and refurbished with new loose furniture added. The overall ambience will remain mostly traditional but will be completely refreshed. The bar servery will benefit from a completely new timber backfitting to improve display areas and will see a section of decorative feature tiling and new functional lighting.

The guest toilets will be fully upgraded and the commercial kitchen and cellar will benefit from repair works. New kit will be added to the kitchen where required to allow a new food offer within the pub.

Boasting a beautiful Tudor facade, a sympathetic external refresh will greatly enhance this pubs kerb appeal. The building will have a new signage, feature planting and lighting scheme installed. In addition to this, the pub will be painted a contemporary grey at low level and at high level the existing black and white decoration scheme will be retained and refreshed. Due to its town centre location, there is no parking at this pub.

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 at the Bell Inn consists of bedrooms, a lounge and kitchen. In line with our Ready To Trade promise, we will ensure your property is in good repair so you can focus your energy on your new business.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

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

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 £
24,000
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 £
23,000

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) £
5,950

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