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RegisterDonkey Leicester
Donkey Leicester
203, Welford Road, Leicester, LE2 6BH Pub Code: 0020335101
Pub Code: 0020335101
Investment TenancyEst Min Ingoing Costs: £42,310
Annual Rent: £27,238
Full internal and external refurbishment planned including new name and rebrand to The Victoria Park.
Prime position on Welford Road opposite Victoria Park and close to Leicester University.
- 68 internal covers and 139 external covers.
- Large beer garden and six-space car park.
- Premium Local with contemporary design and casual dining offer.
The Victoria Park offers a great opportunity for someone who wants to take on a well-backed, refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area
The Victoria Park sits just outside Leicester city centre on Welford Road, opposite Victoria Park and close to the University of Leicester. The pub benefits from strong footfall thanks to its busy roadside position and proximity to the city’s student housing, retail, and leisure areas.
There are around 7,660 adults within a 10-minute walk, rising to over 23,000 within 20 minutes. The area is well populated with students and young adults, making it an ideal location for a lively, modern Premium Local.
The offer
The Victoria Park is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment will completely transform the pub, creating a welcoming, contemporary space. Inside, the main trade area will be fully redecorated with a new bar, finishes, furniture, and refurbished toilets. Externally, there will be new signage, full redecoration, and a refreshed beer garden with improved seating and lighting.
Once complete, The Victoria Park will trade as a Premium Local offering a quality mix of premium lagers, cask ales, ciders, wines, spirits, and cocktails. The food offer will be low-skilled but trendy, focusing on burgers, pizzas, and other casual dishes. Entertainment such as live music, sport, quizzes, and events will build rhythm and attract a diverse customer base.
We’re always open to new ideas – what would you do to drive trade?
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 Victoria Park will be energetic, creative, and confident in engaging both the local and student communities.
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 Victoria Park will be undergoing a refurbishment which will cover the full 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.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- 68 internal covers
- 139 external covers
- Catering kitchen
- HEINEKEN SmartDispense®
- Beer garden
- Six-space car park
- Private accommodation
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
Private accommodation is available.
Estimated Total Ingoing Costs
£42,310
Estimated Minimum Ingoing Costs
£42,310
Annual Rent
£27,238
Estimated Annual Turnover
£450,572
Deposit
£6,810
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£7,000
Estimated Working Capital
£3,500
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:
203, Welford Road, Leicester, LE2 6BH
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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
