Jubilee Adeyfield
The Queens Square, Hemel Hempstead, HP2 4EWAgreement Type: Foundation Tenancy
View details for Jubilee AdeyfieldUnder Offer
Grapes Hemel Hempstead
Green End Road, Hemel Hempstead, HP1 1QR
Pub Code: 2302047101
Key Features
- Investment Tenancy
- Refurbishment Planned
- Community Local
- Pub Games
- Private Accommodation
Est Min Ingoing Costs: £21,014
Annual Rent: £19,055
More Information
Fantastic refurbishment planned!
We are planning a full refurbishment at the Grapes, that touches every part of the pub. This will develop an all singing and dancing, community pub with great appeal to the key demographics of the area. This pub will offer a true community experience with great selection of drinks, a very relaxed environment with a new and fresh internal sparkle and an external scheme to reflect the changes with great kerb appeal. The pub will benefit from new signage and new paint to reflect the internal changes with great kerb appeal.
Excellent location
The Grapes is located in Hemel Hempstead. Hemel Hempstead is a busy town close to a lot of residential housing. With a total population of almost 13,819 within a 20-minute walk this pub is in a great location. The population has high affluence bands and would prefer a great high street pub.
Community favourite
The potential in the pub lies in creating a great drinks offer. The Grapes will appeal to locals within the community all year round. With 68 covers, this pub has huge potential. All we’re looking for is the right operator…
Offer
Available on our Investment Tenancy agreement. Click here for more information on this agreement. 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…
Trading Area & Facilities
The Grapes will be undergoing a refurbishment which will cover the 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.
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).
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
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 for this site consists of 3 bedrooms, living room, kitchen, bathroom and office.
| Annual Rent | £ 19,055 |
| Estimated Annual Turnover | £ 240,634 |
| Deposit | £ 4,764 |
| Estimated Fixtures & Fittings Value | £ 8,750 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 21,014 |
| Estimated Minimum Ingoing Costs | £ 21,014 |
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:
Green End Road, Hemel Hempstead, HP1 1QR
More properties in this region
Old Chequers Hemel Hempstead
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View details for Old Chequers Hemel Hempstead
Crown Chesham
Ley Hill, Chesham, HP5 1UYAgreement Type: Foundation Tenancy
View details for Crown CheshamTo 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
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