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Railway Tavern Longfield
2, Station Road, Longfield, DA3 7QD
Pub Code: 0020511101
Key Features
- Refurbishment Planned
- Great Location
- Hub for the Community
- Improvements to the Garden
- Private Accommodatiom
Est Min Ingoing Costs: £46,171
Annual Rent: £37,739
More Information
Great Location
The Railway Tavern has the potential to sit at the very heart of the local community. Historically, the pub has been incredibly popular and the planned refurbishment will bring it back to its former glory as a modern, welcoming and bustling local pub with something for everyone.
Located at the end of a bustling high street beside a busy train station, the Railway Tavern's prime location means it has the potential to attract a significant amount of passing trade from a broad range of customers - from weekday commuters to weekend shoppers. An extensive refurbishment to the interior and exterior is planned, including a new signage scheme. The works will include expanding the garden area to create a vibrant outdoor beer garden for up to 60 customers to drink and dine alfresco during the warmer months
The Railway Tavern will be transformed into a cosy, family-friendly local pub offering a great selection of craft beers, cocktails, coffee and wine. With an affordable food menu full of crowd-pleasing pub classics.
Ambitious Licensee
More than 3,000 adults live in the local community and are currently without a premium local pub to frequent. As the only pub within a 20-minute walking radius, the Railway Tavern presents a rare and exciting opportunity for an ambitious licensee to transform it into a popular local pub serving up great food with next to no competition. Could that be you?
The Railway Tavern has the potential to sit at the very heart of the local community. Historically, the pub has been incredibly popular and the planned refurbishment will bring it back to its former glory as a modern, welcoming and bustling local pub with something for everyone.
Located at the end of a bustling high street beside a busy train station, the Railway Tavern's prime location means it has the potential to attract a significant amount of passing trade from a broad range of customers - from weekday commuters to weekend shoppers. An extensive refurbishment to the interior and exterior is planned, including a new signage scheme. The works will include expanding the garden area to create a vibrant outdoor beer garden for up to 60 customers to drink and dine alfresco during the warmer months
The Railway Tavern will be transformed into a cosy, family-friendly local pub offering a great selection of craft beers, cocktails, coffee and wine. With an affordable food menu full of crowd-pleasing pub classics.
Ambitious Licensee
More than 3,000 adults live in the local community and are currently without a premium local pub to frequent. As the only pub within a 20-minute walking radius, the Railway Tavern presents a rare and exciting opportunity for an ambitious licensee to transform it into a popular local pub serving up great food with next to no competition. Could that be you?
Trading Area & Facilities
An extensive refurbishment to the interior and exterior is planned, including a new signage scheme, improving/enhancing the outdoor trading area to create a more spacious beer garden, which is sure to drive curb appeal.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
Private accommodation at The Railway Tavern consists of three bedrooms, a kitchen and living room area, an office, a utility room and a bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
Premises Licence Details
See premise license for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 23:00 |
10:00 - 00:00 |
10:00 - 00:00 |
12:00 - 22:30 |
| Annual Rent | £ 37,739 |
| Estimated Tenants Annual Operating Profit | £ 40,238 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 438,212 |
| Estimated Annual Barrelage | 256 |
* 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 | £ 26,400 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 8,000 |
| Deposit Amount | £ 9,435 |
| Rent in Advance | £ 726 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 46,171 |
| Estimated Minimum Ingoing Costs | £ 46,171 |
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 | £ 1,357 |
| Estimated Annual Maintenance Compliance Charge | £ 1,473 |
| 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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