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New Zealand Arms Derby

2, Langley Street, Derby, DE22 3GL

Pub Code: 0020321101

Key Features

  • Refurbishment Planned
  • Prominent Within the Community
  • Large Bar and seating area
  • Live Entertainment, Pool & Darts
  • Outdoor Trading Area
  • Large Private Accommodation

Est Min Ingoing Costs: £11,693

Annual Rent: £18,770

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More Information

Refurbishment Planned for Local Community Pub with Potential

New Deaavailable With lower ingoing costs and high discount on draught beers the New Zealand Arms has great potential to be the stand out pub in the area.

The area

The New Zealand Arms is located in the suburb of Derby, close to Derby City Centre and Markeaton Park. The pub is surrounded by mixed housing.

The pub benefits from being one of 7 pubs found in an area of around 6,399 adults. The diverse customer base is made up of individuals looking for an affordable lifestyle within easy commute to the city centre.

The offer

Available on our Investment Tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a value driven  90/10 food & drinks offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live entertainment, selection of pub games, such as pool, and darts and pub games machines. It offers a selection of popular beers, ciders, wines and spirits and cask ales.

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 pubs next chapter…

Important note on financials – we are seeking 6 months’ rent deposit on this pub rather than our usual 3 months. Also, unlike our standard terms for Investment Tenancies, we are offering reduced ingoings on this pub. You can rent the F&F and pay three month’s rent as a deposit with a deposit build up to be agreed as part of the negotiations.

 

  • New Deal

  • Catering Kitchen

  • Live Sports

  • Cask Ale

  • Outdoor Trade

  • Private Accommodation

  • Investment Tenancy

Trading Area & Facilities

The New Zealand Arms will be undergoing a refurbishment which will cover the interior and exterior of the pub.

The works will include:

  • New signage scheme and redecoration
  • Upgrade to lighting and re-decorations throughout trade area
  • New and refurbished loose furniture
  • New section of fixed seating
  • New screens.
  • New TV position

The pubs trading area and facilities post refurbishment will be:

  • Main trading area with bar
  • Lounge with dining area
  • Sports area with TV screens
  • 40 internal covers
  • 16 external covers
  • Medium sized catering kitchen
  • Smart Dispense
  • Small beer garden

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 and bathroom

Annual Rent £
18,770
Estimated Annual Turnover £
278,646
Deposit £
9,385
Estimated Fixtures & Fittings Value £
15,915
Estimated Stock Valuation £
3,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
32,300
Estimated Minimum Ingoing Costs £
11,693
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.

Location:

2, Langley Street, Derby, DE22 3GL

Google map location image of New Zealand Arms Derby