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RegisterRefurbishment Planned
Peacock Nottingham
11, Mansfield Rd, Nottingham, NG1 3FB
Pub Code: 0050112101
Key Features
- Extensive Refurbishment Planned
- Great City Centre Location
- Catering Kitchen
- Private accommodation
Est Min Ingoing Costs: £37,338
Annual Rent: £32,490
More Information
Extensive Refurbishment
Located on Mansfield Road in Nottingham, The Peacock is a well-known pub with a rich history. Due to its excellent location opposite the Victoria Shopping Centre, there is lots of passing footfall in the area and there continues to be investment in the area such as the new block of student flats which is in the process of being built directly opposite adding more potential customers to the site right on the doorstep.
An extensive refurbishment will transform The Peacock into a stylish, trendy pub unlike any other. The interior will be decorated in a mix of artisan and eclectic finishes, resulting in a quirky space with an opulent look and feel. The Peacock will be full of surprises, with a new library-style room introduced, as well as a secret garden outdoor space to the rear.
Post-refurbishment, The Peacock will be a trendy and welcoming venue that will provide customers with a unique
drinking and dining experience. It will offer a great range of Cask ales and Craft beers, premium spirits and a great range of cocktails. Delicious food with a range of pub classics served with a stylish twist in keeping with the surroundings and Barrista style coffee to attract daytime shoppers and office workers looking for somewhere to meet
Fantastic Potential
With its stylish new decor, upgraded outdoor space and excellent new food offer, The Peacock will become the place to be in the local area. It will have a very individual look and feel that customers will love. This is a pub with incredible potential, all we’re missing is the right person to take it forward. Could that be you?
Located on Mansfield Road in Nottingham, The Peacock is a well-known pub with a rich history. Due to its excellent location opposite the Victoria Shopping Centre, there is lots of passing footfall in the area and there continues to be investment in the area such as the new block of student flats which is in the process of being built directly opposite adding more potential customers to the site right on the doorstep.
An extensive refurbishment will transform The Peacock into a stylish, trendy pub unlike any other. The interior will be decorated in a mix of artisan and eclectic finishes, resulting in a quirky space with an opulent look and feel. The Peacock will be full of surprises, with a new library-style room introduced, as well as a secret garden outdoor space to the rear.
Post-refurbishment, The Peacock will be a trendy and welcoming venue that will provide customers with a unique
drinking and dining experience. It will offer a great range of Cask ales and Craft beers, premium spirits and a great range of cocktails. Delicious food with a range of pub classics served with a stylish twist in keeping with the surroundings and Barrista style coffee to attract daytime shoppers and office workers looking for somewhere to meet
Fantastic Potential
With its stylish new decor, upgraded outdoor space and excellent new food offer, The Peacock will become the place to be in the local area. It will have a very individual look and feel that customers will love. This is a pub with incredible potential, all we’re missing is the right person to take it forward. Could that be you?
Trading Area & Facilities
The existing bar servery will be refurbished to improve the bottle display and service flow and be consistent with the new look and feel. The bar area will be refurbished and redecorated to create a relaxing space where customers can enjoy a drink or bite to eat. The dining area will be redecorated, breathing new life into this excellent space
There will be a small outdoor trading area to the rear. Full new signage and lighting scheme will complement the interior refurbishments.
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).
There will be a small outdoor trading area to the rear. Full new signage and lighting scheme will complement the interior refurbishments.
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 3 bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Premises Licence Details
For full licensing details, please refer to the premises license.
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 - 01:00 |
10:00 - 01:00 |
12:00 - 00:00 |
| Annual Rent | £ 32,490 |
| Estimated Tenants Annual Operating Profit | £ 32,490 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 466,004 |
| Estimated Annual Barrelage | 205 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 21,980 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 5,000 |
| Deposit Amount | £ 8,123 |
| Rent in Advance | £ 625 |
| 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 | £ 37,338 |
| Estimated Minimum Ingoing Costs | £ 37,338 |
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.
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 | £ 1,710 |
| Estimated Annual Maintenance Compliance Charge | £ 1,565 |
| 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
* 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
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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