Duke Of York Hanwell

161 Uxbridge Rd, Hanwell, London W7 3SP

  • Duke of York
  • Duke of York
  • Duke of York
  • Duke of York
  • Duke of York
  • Duke of York

Duke Of York Hanwell

Premium Profitable Pub

The Duke of York, is a community focused pub located in the busy London town of Hanwell. The area consists of predominately young professionals, providing a lucrative target market. With its prominent corner site in the centre of Hanwell there is a high amount of passing footfall, day and night, posing a great opportunity for local trade.

The proposed investment will transform this pub into the hub of the community with large sharing tables, light entertainment throughout the evening and a great outside trading area.

Experienced Innovative Operator Wanted

We are ideally looking for an operator who can share our vision to transform this pub whilst bringing their own flair and ideas to make the most of this opportunity. We would therefore be looking for someone with experience within the trade.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the site will undergo a total transformation. The trading area consists of a front and middle bar area plus a dining/ lounge area. With a German-influence there will be high level sharing tables with dark timber stools along, eclectic bric-a-brac and lighting as well as a beer tank which will act as a central feature of the room.

Externally, the outside area to the rear of the pub will be transformed into a fantastic space for customers to enjoy a drink or bite to eat with friends, with sharing tables, festoon lightening and having been freshly painted.

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 York consists of three bedrooms, lounge, kitchen 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
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00

Financials

Annual Rent £
57,750
Estimated Annual FMOP (Licensee Profit) £
58,857
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
687,054
Estimated Annual Barrelage
300

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 £
132,909
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
14,438
Rent In Advance £
1,111
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
155,823
Estimated Minimum Ingoing Costs £
155,823

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 £
1,311
Estimated Annual Maintenance Compliance Charge £
682
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