Kings Arms Hilperton Marsh

79 Wyke Rd, Hilperton Marsh, Hilperton Marsh, Trowbridge BA14 7NZ

  • Kings Arms Hilperton Marsh
  • Kings Arms Hilperton Marsh
  • Kings Arms Hilperton Marsh
  • Kings Arms Hilperton Marsh
  • Kings Arms Hilperton Marsh
  • Kings Arms Hilperton Marsh
  • Kings Arms Hilperton Marsh - 79 Wyke Rd, Hilperton Marsh - Trowbridge
  • Kings Arms Hilperton Marsh - 79 Wyke Rd, Hilperton Marsh - Trowbridge
  • Kings Arms Hilperton Marsh - 79 Wyke Rd, Hilperton Marsh - Trowbridge
  • Kings Arms Hilperton Marsh - 79 Wyke Rd, Hilperton Marsh - Trowbridge
  • Kings Arms Hilperton Marsh - 79 Wyke Rd, Hilperton Marsh - Trowbridge

Kings Arms Hilperton Marsh

Transformational Refurbishment Planned

The subject of a major proposed refurbishment, the Kings Arms this is a well presented pub located in the village of Hilperton Marsh on the outskirts of Trowbridge, Wiltshire. The pub is situated close to a local business park and within easy walking distance of the Kennet and Avon canal, a popular heritage tourism destination for boating, cycling and fishing. The town's demographics feature a high proportion of young families and new homemakers as well as recent retirees.

The proposed scheme will see this pub transformed to one that does a significant amount of food along with a premium drinks offer. Externally, this will involve a complete overhaul of the facade along with a new signage and lighting scheme that will lift the pub's kerb appeal and drive trade. The pub benefits from a large car park, expansive garden area, terrace, bar, lounge dining area, commercial kitchen, and private accommodation providing all the right ingredients for a great family-friendly pub with a quality food offer.

Ideal Site for an Experienced Food Operator

This is an excellent opportunity for an experienced food operator who has the vision to see the pub's future potential and work with us on the refurbishment and re-launch.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Childrens Play Area
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, there is a one bar operation which is located in one large trading area which lends itself to having several distinct trading nooks and snugs all supported by one central servery. As part of the refurbishment, the entire trade area will be totally overhauled and upgraded along with the toilets. The refurbishment will also include adding an extension to the rear of the pub, that will allow a complete upgrade of the kitchen and cellar facilities. The site will be able to accommodate at least 40 covers.

Externally, the outdoor trade area and children's play equipment will be upgraded to help drive trade in the summer months. There is a car park at the site.

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 consists of four bedrooms, lounge, kitchen and bathroom and office and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

See licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00

Financials

Annual Rent £
66,250
Estimated Annual FMOP (Licensee Profit) £
66,122
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
632,454
Estimated Annual Barrelage
175

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 £
41,703
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
16,563
Rent In Advance £
1,274
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 £
65,795
Estimated Minimum Ingoing Costs £
40,000

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 £
1,188
Estimated Annual Maintenance Compliance Charge £
730
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