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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: £8,806

Annual Rent: £15,672

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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).

  • Investment Tenancy

  • Private Accommodation

  • Pub Games

  • Live Sports

  • Function Room

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 £
8,806
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.

Location:

Cass House Road, Middlesbrough, TS8 9JH

Google map location image of Cleveland Huntsman Hemlington