Duke Of Sussex Peckham

77 Friary Road, Peckham, London SE15 1QS

  • Duke Of Sussex Peckham
  • Duke Of Sussex Peckham
  • Duke Of Sussex Peckham
  • Duke Of Sussex Peckham
  • Duke Of Sussex Peckham
  • Duke Of Sussex Peckham
  • Duke Of Sussex Peckham

Duke Of Sussex Peckham

Extensive Refurbishment Planned!

The Duke of Sussex, situated in the south-east London district of Peckham, benefits from a large and truly diverse customer base. With more than 74,000 adults living within one mile of the pub, this is a fantastic and unmissable opportunity to run a great pub within a densely populated and developing suburban area.

An exciting and extensive refurbishment will transform the Duke of Sussex into a stylish and on-trend space. The brand-new commercial kitchen on the first floor will allow a new and improved food offering, and the outside area will be transformed into an attractive urban oasis with a retractable roof that can be used all year round. The transformation will help the Duke of Sussex stand out from its competitors, combining the best features of a traditional pub with an ultra-trendy craft beer house.

Innovative Operator Wanted

Are you an experienced operator with a passion for craft beer? In partnership with Star Pubs & Bars, you will grow your business using your infectious enthusiasm, passion for quality and world-class customer service. Former experience running a similar site is preferable.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Using a new colour scheme overall, the bar area will be transformed into a stylish hub for the Duke of Sussex. Ambient lighting and touches of decorative colour will add warmth and sophistication. From wall finishes to flooring, every detail has been thought of to reposition this pub as a cool venue for a younger customer base. Two comfortable and atmospheric snugs will be created, perfect for enjoying the craft beer and cask ale on offer with friends.

A new commercial kitchen will be installed on the first floor, and a new food hoist will be installed linking the first floor kitchen with the ground floor trade area. For ease of service the new kitchen will be divided into three areas; cooking, wash up and storage and preparation with new appliances and ventilation added as well. The end result will enable the operator to develop an on-trend food offer in keeping with the pub's overall positioning and new target customers.

Post-refurbishment, the outside area at the Duke of Sussex will not only significantly increase the number of covers at the pub, but will offer an attractive and on-trend space that offers a substantial point of difference to competitors and that target customers will love to spend time in.

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 Duke of Sussex consists of five bedrooms, a kitchen and living room area and a bathroom. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 10:30 - 01:30

Financials

Annual Rent £
39,500
Estimated Annual FMOP (Licensee Profit) £
41,022
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
434,495
Estimated Annual Barrelage
240

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
40,036
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
9,875
Rent In Advance £
760
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
62,866
Estimated Minimum Ingoing Costs £
62,866

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,178
Estimated Annual Maintenance Compliance Charge £
1,030
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased