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Polton Inn Lasswade
Polton Road, Lasswade, EH18 1BS
Pub Code: 2301246101
Key Features
- Recently Refurbished
- Catering Kitchen
- Outside trade & Car Park
- Community Hub
Est Min Ingoing Costs: £9,024
Annual Rent: £21,546
More Information
Great Location!
Located in a good residential area on the main road between Lasswade and Polton, the Polton Inn was refurbished to a high standard in 2018. Comprising a Bar and Lounge with Restaurant area seating 45, the pub has a catering kitchen, large car park and an external seating area at the front.
A fantastic opportunity awaits for a motivated Business Operator to engage with the people in the local area to create a hub for customers wishing to meet, eat, drink and enjoy themselves in a friendly and convivial environment. Providing an attractive food and drink offer together with activities, such as pub games, entertainment, quiz nights and televised sport will encourage a wide range of customers to frequent the pub. There is room to cater for group events and activities; celebrations, meetings, funerals, team presentation nights and other similar sized functions.
The Polton Inn is a premium local situated in the heart of a busy local community close to the local rugby club, and other community and sporting facilities.
The successful candidate will demonstrate a willingness to engage with the local populace and an ability to create a high quality food and drink offer, supported by local activities and events, which draw customers living and working locally to use the pub. The Polton has the facilities to become the best venue of it’s type in the area and the opportunity awaits for an outward looking publican to create a local venue that customers are proud of and choose to come to.
Trading Area & Facilities
The Polton Inn was refurbished to a high standard in 2018 and is in great condition throughout.
Comprising a Bar and Lounge with Restaurant area seating 45, the pub if finished to a high specification and has a warm and contemporary feel.
The catering kitchen supports the food offer and there is a large car park and an external seating area at the front.
Comprising a Bar and Lounge with Restaurant area seating 45, the pub if finished to a high specification and has a warm and contemporary feel.
The catering kitchen supports the food offer and there is a large car park and an external seating area at the front.
Private Accommodation
The Private Accommodation consists of a spacious 3 bedroom residential flat with a separate entrance on the first floor.
Premises Licence Details
Please see premises 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 |
11:00 - 00:00 |
| Annual Rent | £ 21,546 |
| Estimated Tenants Annual Operating Profit | £ 24,044 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 170 |
| Estimated Annual Turnover | £ 312,113 |
| Estimated Annual Barrelage | 172 |
* 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 | £ 14,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 4,000 |
| Deposit Amount | £ 5,387 |
| Rent in Advance | £ 414 |
| 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 | £ 25,411 |
| Estimated Minimum Ingoing Costs | £ 9,024 |
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 | £ 2,482 |
| 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
* 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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