Castle Ottershaw
Castle Ottershaw
222, Brox Road, Ottershaw, KT16 0LW Pub Code: 2302003101
Pub Code: 2302003101
Long-Term FRI LeaseEst. Annual Turnover: £724,798
Annual Rent: £57,500
We are planning an investment of approximately £304,000 to transform the Castle in Ottershaw, Surrey, into an exceptional premium local pub, combining its traditional character with beautifully refurbished interiors, an enhanced dining offer and a revitalised garden.
What would you do with this pub to make it a success?
About the area
Situated in the affluent Surrey village of Ottershaw, the Castle benefits from a strong community setting, excellent transport connections and access to neighbouring areas including Chobham, Weybridge and Virginia Water. With the M25 nearby and St Peter’s Hospital providing a significant local employment hub, the pub is well positioned to attract residents, local workers and visitors from further afield.
The Castle benefits from limited immediate pub competition, with no other pub identified within a 10-minute walk. This creates a fantastic opportunity to establish the Castle as a standout destination for the local community.
Already a high-quality traditional pub with a strong food offer, the Castle has a solid foundation to build on. The planned refurbishment will elevate its premium appeal, attracting the growing local community, professionals, families and customers seeking excellent food, quality drinks and an inviting atmosphere.
The offer
The Castle is available on a Full Repairing and Insuring lease agreement. Click here for more information on this agreement. Please refer to the ‘Refurbishment details’ section for details of the investment being made.
Who we’re looking for
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 the Castle will have extensive experience in premium, food-led hospitality businesses.
- They will have a clear vision for delivering elevated traditional pub food, a premium drinks selection, occasional low-key entertainment and an engaging marketing strategy that makes the most of the pub’s community connections and impressive outdoor space.
- They will know how to create memorable experiences for their customers.
They will understand how to balance the warmth and character of a traditional village pub with the expectations of a premium customer base, creating memorable experiences that encourage repeat visits and attract customers from further afield.
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
The planned refurbishment will transform both the interior and exterior of the Castle, including significant improvements to its front garden. A full list of works and pub floor plan can be found in the Downloads section.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- Separate games/sports zone
- 88 internal covers
- 144 external covers
- Catering kitchen
- HEINEKEN SmartDispense
- Pub garden
- Car park with 11 spaces
- Private accommodation with three bedrooms
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
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£86,899
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.
What we're planning & why
An investment of approximately £304,000 is planned to transform the Castle into one of the area’s most appealing premium local pubs. The project will encompass a full internal refurbishment, external decorations, new signage and significant improvements to the large front garden. The transformation will celebrate the Castle’s distinctive traditional features while creating stylish, welcoming surroundings that customers can enjoy throughout the year.
What’s happening?
A full interior transformation:
The Castle’s interior will undergo a comprehensive refurbishment, enhancing its traditional character and introducing a beautiful premium finish. Refreshed décor and an improved dining environment will create welcoming spaces for everything from relaxed drinks to memorable meals with family and friends.
The pub will retain its identity as a proper traditional local while offering an elevated customer experience. Its established food offer provides a great foundation for a menu featuring high-quality pub classics such as burgers, fish and chips and pies, complemented by a carefully considered premium drinks selection.
An impressive garden refurbishment:
One of the Castle’s biggest opportunities lies in its substantial front garden. Significant investment will revitalise this space, creating a standout attraction and an appealing environment for customers to enjoy across the seasons.
With 144 external covers planned, the garden offers excellent potential for outdoor dining, social gatherings and occasional low-key entertainment, such as acoustic music. The improved outdoor facilities will help maximise seasonal trading opportunities and give customers another compelling reason to visit.
New signage and external decorations:
New external signage and refreshed decorations will enhance the Castle’s appearance, showcase its traditional character and strengthen its presence within the village. This improved kerb appeal will help attract new customers, support the pub’s repositioning and encourage passing visitors to discover what the Castle has to offer.
A premium local with community at its heart.
The successful operator will have an opportunity to build upon the Castle’s existing reputation for quality food and traditional hospitality. A strong focus on excellent service, community engagement and a consistent premium offer will be essential. There’s also scope to introduce occasional relaxed events and activities that complement the pub’s character and help establish it as a favourite gathering place.
Why invest?
The planned transformation represents an exciting opportunity to build on the Castle’s existing strengths and unlock its full trading potential. The combination of an enhanced interior, improved kerb appeal and a significantly upgraded garden is expected to attract more local customers, encourage destination visits and generate additional food and drink sales throughout the year.
The briefing forecasts that the refurbishment could increase turnover by 100%, reaching approximately £14,000 per week in net sales. This is a projection rather than a guarantee. With an affluent surrounding catchment, growing residential population and limited immediate pub competition, the Castle offers a compelling opportunity for an experienced operator to establish a successful premium local business.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Personal Recommendation
"This is a proper unique opportunity. Great traditional pub and full transformation in a very affluent part of Surrey."
— Matt Piercy, Investment Manager
Location:
222, Brox Road, Ottershaw, KT16 0LW
Selected pub
Other pubs
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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