New Inn East Bierley
170 South View Road, Bradford, BD4 6PPAgreement Type:
Investment Tenancy
View details for New Inn East Bierley
Old Glen House Baildon
Old Glen House Baildon
Prod Lane, Shipley, BD17 5BN Pub Code: 2300648101
Pub Code: 2300648101
Investment TenancyEst Min Ingoing Costs: £12,039
Annual Rent: £42,464
The area
Discover the untapped potential of our traditional Yorkshire pub nestled in the scenic haven of Baildon, just moments away from the enchanting Shipley Glen. Our strategic location is surrounded by higher-affluence housing, offering a prime opportunity for a unique investment. With no immediate competitors and approximately 1,600 adults within a 10-minute walk, this is an exclusive chance to establish a stronghold in a beautiful destination.
The offer
The Old Glen House is available on our investment tenancy agreement. Click here for more information on this agreement.
Our comprehensive refurbishment plan includes a full interior scheme, creating 70 dining covers, a fully developed kitchen, and upgraded facilities. The exterior will boast larger grounds, with a focus on a quality small, decked seating area, perfect for attracting summer visitors. With a target audience of diners, day visitors, affluent older individuals, and families, the pub promises to stand out through its quality environment and exceptional offerings. Join us in crafting a pub experience that goes beyond the ordinary
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 Glen House will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 Glen House 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).
Private Accommodation
First floor:
• Very large office space
• Kitchen
• Living room
• Bathroom
• 2 further bedrooms
Upper floor:
• Large bedroom
• Cupboard with sink
Estimated Total Ingoing Costs
£39,116
Estimated Minimum Ingoing Costs
£12,039
Annual Rent
£42,464
Estimated Annual Turnover
£451,397
Deposit
£10,616
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
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:
Prod Lane, Shipley, BD17 5BN
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To 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
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