Jubilee Adeyfield
The Queens Square, Hemel Hempstead, HP2 4EWAgreement Type: Foundation Tenancy
View details for Jubilee AdeyfieldRefurbishment Planned
Old Chequers Hemel Hempstead
Gaddesden Row, Hemel Hempstead, HP2 6HH
Pub Code: 2303004101
Key Features
- Investment Tenancy
- Refurbishment Planned
- Catering Kitchen
- Outdoor Trade
- Car Park
- Private Accommodation
Est Min Ingoing Costs: £194,273
Annual Rent: £67,093
More Information
Exciting refurbishment planned!
We are planning a full £338,000 refurbishment that touches every part of the Old Chequers. We will be redecorating every inch of the interior of the pub as well as making major improvements to the kitchen and toilets. This will develop a fantastic site with great appeal to the key demographics of the area. The pub will benefit from new signage and new paint. We will also be upgrading the beer garden and side patio. We will also add new festoon lighting and feature lighting in the trees.
Beautiful countryside location!
The Old Chequers is based in Gaddensen Row, Hemel Hempstead. The pub itself is located in small hamlet just outside Hemel Hempstead and is surrounded by beautiful countryside. This is a well populated area, with 293,000 adults living within a 20-minute drive time of the pub and consists mainly of high affluence bands. The pub has limited competition, with only two direct competitors, but the pubs all new look and offer make the Old Chequers stand out.
Tap into this pub’s potential!
The Old Chequers has the potential to be the go-to destination, with its new food offer and complete refurbishment. The beer garden and patio will be a major draw for locals and those travelling from slightly further afield. A great range of drinks and a varied, quality food offer will appeal to a positive and ambitious operator who is experienced in the pub trade and knows what it takes to run a great pub with great food.
TARGET CUSTOMERS
When refurbished, The Old Chequers will appeal to a very broad spectrum of customers, including:
Local Residents
Friends & Colleagues
OFFER
When refurbished, The Old Chequers will offer:
A quality drinks range including premium & favourite beers, spirits, wines, no & low & soft drinks
A varied food menu offering local produce
Occasional live entertainment
Wine tastings-Gin Tastings
Food & Drink pairings
Cask ale events
The Old Chequers is available on our investment tenancyagreement. Click here for more information on this agreement.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Old Chequers will have extensive experience in similar hospitality businesses. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their 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…
Trading Area & Facilities
The Old Chequers 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.
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).
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
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 double bedrooms, kitchen, living room, bathroom and shower room.
| Annual Rent | £ 67,093 |
| Estimated Annual Turnover | £ 768,189 |
| Deposit | £ 16,773 |
| Estimated Fixtures & Fittings Value | £ 160,000 |
| Estimated Stock Valuation | £ 14,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 194,273 |
| Estimated Minimum Ingoing Costs | £ 194,273 |
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.
Location:
Gaddesden Row, Hemel Hempstead, HP2 6HH
More properties in this region
Grapes Hemel Hempstead
Green End Road, Hemel Hempstead, HP1 1QRAgreement Type: Investment Tenancy
View details for Grapes Hemel Hempstead
Three Tuns Hemel Hempstead
Belswains Lane, Hemel Hempstead, HP3 9XBAgreement Type: Investment Tenancy
View details for Three Tuns Hemel HempsteadTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download