Dubliners Thornaby
Bridge Street, Thornaby, Stockton On Tees, TS17 6BEAgreement Type: Investment Tenancy
View details for Dubliners Thornaby
Cleveland Huntsman Hemlington
Cass House Road, Middlesbrough, TS8 9JH
Pub Code: 2302313101
Key Features
- Internal and external redecoration planned
- Spacious private accommodation
- Busy residential area
- Close to local ammenities
Est Min Ingoing Costs: £26,852
Annual Rent: £15,672
More Information
Well located community pub with investment!
What would you do with this pub to make it a success?
The area
The Cleveland Huntsman is located in Hemlington on the outskirts of Middleborough. The pub is surrounded by houses and close to the local shops and other amenities.
The site benefits from being the only pub found in an area of around 2,500 adults.
The proposed refurbishment will see a complete internal and external decoration. This will give the new licensee the opportunity to broaden the pub’s appeal with local customers.
The offer
Available on our Investment Tenancy Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through drinks offer that will make the most of the proposed refurbishment.
The site currently has the ability to drive trade via live sports, live entertainment, pool and darts competitions. Giving customers a reason to visit throughout the week is key to success.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with customers
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…
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).
Trading Area & Facilities
- Main trading area with bar and lounge that is also suitable for function
- C. 90 internal covers
- SmartDispense
Private Accommodation
Spacious private accommodation consists of 4 bedrooms, a living room and kitchen.
| Annual Rent | £ 15,672 |
| Estimated Annual Turnover | £ 249,100 |
| Deposit | £ 3,918 |
| Estimated Fixtures & Fittings Value | £ 15,434 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 26,852 |
| Estimated Minimum Ingoing Costs | £ 26,852 |
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:
Cass House Road, Middlesbrough, TS8 9JH
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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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