Stanley Arms Holyhead
25 Stanley Street, Holyhead, LL65 1HLAgreement Type: Foundation Tenancy
View details for Stanley Arms HolyheadRefurbishment Planned
Bull Hotel Holyhead
London Rd, Valley, Holyhead, LL65 3DP
Pub Code: 0091815101
Key Features
- Investment Tenancy
- Refurbishment Planned
- 13 Letting Rooms
- 100 Internal Covers
- Quality Wet & Dry Trade
- Al Fresco Dining Terrace
Est Min Ingoing Costs: £62,530
Annual Rent: £48,118
More Information
Major Refurbishment Planned
A significant refurbishment will transform The Bull Hotel into a food-led, country pub with 13 letting rooms. Everything will be refurbished, the interior will receive distinctive new finishes, which will create a unique, premium pub that will appeal to a wide range of customers. This will feel like a completely new pub.
The rejuvenated patio will become a beautiful al fresco dining terrace, supporting the new focus on great food. The pub frontage will benefit from a modern redecoration, adding new signage and lighting to make the site more visible, highlight the pubs offering and complement the new interior.
Tourism Hot Spot
The Bull Hotel is in the picturesque village of Holyhead on the island of Anglesey in North Wales. The pub is five minutes from the Holyhead Ferry Port and is surrounded by glorious natural beauty. Holyhead is an already affluent area with Mature and retired households with disposable income looking for a quality food and drink offer and numerous local amenities such as the village church and shops. There is an explosion of tourism during the Spring and Summer time to capitalise on.
Bags of Potential
The Bull Hotel has the potential to be THE pub in the village. An all-new look and feel, as well as quality food and drinks offer, will stand this pub above the limited competition in the nearby area. The Bull Hotel is primed to be a ‘destination food-pub’, which is made possible by it’s 140 covers, 13 letting rooms and extensive high-quality list of products. All we’re looking for is the right person to take on the pub.
The newly refurbished The Bull Hotel will appeal to:
- Affluent local couples and friends wanting to enjoy a casual drink or premium pub food.
- Residents from surrounding areas looking for a lunchtime treat and a venue for special occasions.
- Families with children looking to eat in the cosy dining area or on the al fresco terrace throughout the year.
- Tourists looking for accommodation
When refurbished, The Bull Hotel will offer:
- A high quality, focused range of drinks including premium and favourite lagers, cask ales, craft beers, wines, premium spirits and soft drinks.
- A high-quality food offer to attract locals and those further afield.
- Premium, barista style coffee Live sports, quiz and theme nights
Trading Area & Facilities
The Bull Hotel will be undergoing a refurbishment which will cover the interior and 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 Bull Hotel consists of two bedrooms, kitchen, lounge, office and bathroom.
| Annual Rent | £ 48,118 |
| Estimated Annual Turnover | £ 708,318 |
| Deposit | £ 12,030 |
| Estimated Fixtures & Fittings Value | £ 27,000 |
| Estimated Stock Valuation | £ 20,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 62,530 |
| Estimated Minimum Ingoing Costs | £ 62,530 |
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:
London Rd, Valley, Holyhead, LL65 3DP
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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