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Neidpath Inn Peebles

27-29, Old Town, Peebles, EH45 8JF

Pub Code: 2302147101

Key Features

  • Letting Rooms
  • Beer Garden
  • Conservatory
  • Kitchen

Est Min Ingoing Costs: £8,566

Annual Rent: £23,698

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More Information

The Neidpath Inn sits in a prominent position on the main A72 road through Peebles in the Scottish Borders. Close to the river Tweed and around 30 miles south of Edinburgh.  Located at the edge of the town centre, The Neidpath occupies an area of high footfall being surrounded by a mix of residential housing and shops.

Great Potential!

This is a pub with incredible potential, all we’re missing is the right person to take it forward. So, could that be you?

  • Business Start Up Agreement

  • Letting Rooms

  • Outdoor Trade

  • Catering Kitchen

  • Car Park

Trading Area & Facilities

The Neidpath Inn is a traditional pub with separate areas for the bar and restaurant and five en suite letting rooms. The public bar can cater for sports while the restaurant and kitchen can easily provide good quality home cooked food for circa 50 covers. The conservatory and beer garden increase the pubs footprint and gives the flexibility brought by extra space, both inside and out.

Private Accommodation

There is no private accomodation available.

Premises Licence Details

See licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
00:00
11:00 -
00:00
11:00 -
00:00
11:00 -
01:00
11:00 -
01:00
11:00 -
01:00
12:30 -
00:00

Annual Rent £
23,698
Estimated Tenants Annual Operating Profit £
24,947
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
340,159
Estimated Annual Barrelage
145
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
10,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
5,925
Rent in Advance £
456
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
21,491
Estimated Minimum Ingoing Costs £
8,566
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,849
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** 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

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