Lord Nelson Hotel Hull

163 Endike Lane, Hull HU6 7UA

  •  Lord Nelson Hotel Hull
  •  Lord Nelson Hotel Hull
  •  Lord Nelson Hotel Hull
  •  Lord Nelson Hotel Hull
  •  Lord Nelson Hotel Hull
  •  Lord Nelson Hotel Hull
  •  Lord Nelson Hotel Hull

Lord Nelson Hotel Hull

Superb Business Opportunity

Earmarked for investment, the Lord Nelson Hotel is a popular community pub situated in a residential area near to the University of Hull. It is a characterful venue there to meet all customer needs and occasions, well supported by the local residents. The area has a mixed age group and includes local families and students from the University nearby, this provides the right operator with an opportunity to build an exciting and enticing offer.

The Lord Nelson Hotel is known for it's fundraising events, support of local rugby and for hosting the local boxing club events.
It has a large function area, with its own private bar making it perfect for all group occasions and offers excellent opportunity to expand on the events held and provide an additional income stream. The pub is popular for Live Sports, as well as pub games, including pool. Currently there is no food offer, however we are looking for an operator to introduce a tasty classic food offer.

Community Focused Operator Wanted

Fantastic opportunity to deliver amazing customer service to the local community and sports fans. Pour the perfect pint, develop a diverse events calendar and introduce a simple food offer to give something for everyone at the Lord Nelson Hotel.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Once the planned works are complete, the Lord Nelson Hotel will showcase a refreshed, contemporary décor complete with new or revamped fixtures & fitting and soft finishes throughout. Currently the pub has a traditional feel with lots of natural finishes in wood and exposed stone walls, which gives it a welcoming feel.

The current layout consists of 3 areas, the public bar, function room and games room. The public bar is open plan and has a galley type bar as the focal point. The function room is good size and will be perfect for a variety of group occasions. The games room features a pool table and hatch access to the bar. The current kitchen will be improved to enable a great food offer to be introduced.

Externally the pub will undergo a facelift which will see much improved kerb appeal through a new lighting & signage scheme.

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 is of a good standard, suitable for a family. It consists of 3 bedrooms, kitchen diner , bathroom, office and large lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 03:00 10:00 - 03:00 10:00 - 01:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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