Three Horseshoes Malpas
45 Pillmawr Road, Newport, NP20 6WGAgreement Type: Foundation Tenancy
View details for Three Horseshoes MalpasRefurbishment Planned
Hollybush Inn Lower Machen
Draethen, Newport, NP10 8GB
Pub Code: 2301965101
Key Features
- Transformational refurbishment
- Beautiful location
- Large three level outside trading area
- Standalone two bedroom cottage for let
- Destination food pub
Est Min Ingoing Costs: £97,598
Annual Rent: £68,692
More Information
Transformational refurbishment
A fabulous refurbishment will transform the Hollybush into a great destination food pub. Inside, the trading area will be split over two floors and will be totally transformed into a relaxing welcoming venue with its new layout and contemporary finishes. This will include a new kitchen area, bar servery, new lighting and upgrading the customer toilets.
Outside, we will be upgrading the pub with new external decorations and a new signage scheme. The trading area to the rear will be split into a three-level terrace with rope and post fencing and timber steps. To the front of the building, we are looking to create a lovely courtyard that will also have new furniture, new signage and lighting.
Picturesque location
The Hollybush is located in the small hamlet of Lower Machen on the western edge of the city of Newport within the historical boundaries of Monmouthshire. Surrounded by beautiful countryside the Hollybush sits in an acre of land. It has its own stream running through and lots of garden area for the customers to enjoy. This great location benefits from ample tourist trade, due to it’s prominence to Cardiff and the many attractions you will find in Monmouthshire. It is also superb walking country. The demographics show an opportunity of circa 246,000 adults within 20 minutes driving distance making this an idea destination venue for locals and visitors to the area.
Additional to all this the Hollybush has a standalone two-bedroom cottage that could be let out to visitors generating an additional income steam.
Untapped potential
The location and being the only pub in the village, the amazing outside trading space, fantastic tourist trade and the great food and drinks offer that will be available mean the Hollybush has massive potential. The pub has capacity for 180 covers, 57 of those are outdoors in the tranquil surroundings.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
All we’re looking for is the right operator who has great knowledge of food and providing great customer service. The ability to drive trade using all aspects of social media and web platform. Maximising the pub space by introducing a train of events including themed evenings.
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…
When refurbished, The Hollybush will appeal to:
Locals that want a premium local to visit.
Families looking for a day out with great food & great drinks in beautiful, relaxed surroundings
Tourists looking for great food & great drinks
Walkers or rambles in the area.
When refurbished, The Hollybush offer will be:
A mix of premium drinks across all categories as well as a quality wine list,
A broad range of high end pub food with lots of ‘specials’ keeping up with the changing consumer demands such as Vegan.
Coffee offer for customers anytime of the day to early evening
Entertainment, including theme nights
Special offers for Children
Deals to appeal to the Older Customer base.
Trading Area & Facilities
The Hollybush Inn 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.
The pubs trading area and facilities post refurbishment will be:
- Trading area will be split over two Floors both with their own bar servery
- 123 internal covers
- 57 external covers
- Catering kitchen
- Smart Dispense
- Large terrace garden split over three levels
- Courtyard effect seated area to the front
- Large Car park
- Standalone two-bedroom cottage
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
Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 68,692 |
| Estimated Annual Turnover | £ 767,336 |
| Deposit | £ 17,173 |
| Estimated Fixtures & Fittings Value | £ 64,925 |
| Estimated Stock Valuation | £ 12,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 97,598 |
| Estimated Minimum Ingoing Costs | £ 97,598 |
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.
Downloads
Location:
Draethen, Newport, NP10 8GB
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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