Crown Flitwick
Station Road, Bedford, MK45 1LAAgreement Type:
Foundation Tenancy
View details for Crown Flitwick
Red Lion
Red Lion
68, Aylesbury Road, Aylesbury, HP22 5BU Pub Code: 2302432101
Pub Code: 2302432101
Investment TenancyEst Min Ingoing Costs: £39,397
Annual Rent: £23,588
A sympathetic refurbishment is planned at this beautiful 16th Century pub in the affluent area of Bierton in Aylesbury, Buckinghamshire.
Traditional Village Pub
The Red Lion is an historic public house situated opposite the Church of St James the Great in the Buckinghamshire village of Bierton. It is conveniently located on the A418, the main road running through Bierton, connecting Aylesbury to Leighton Buzzard making it perfect for capturing passing trade.
The pub benefits from good demographics and high affluence in the area with around 1,700 nearby adult residents & limited competition with no other pubs within a ten-minute walk time of the pub. The Red Lion offering will be a ‘premium local’ sweet spot which there is a gap in the market for in the local area.
A pub with huge potential
The Red Lion will slot into a gap in the local market, offering good homecooked food and a great mix of traditional cask, lager and cider as well as a quality spirits and wine. As well as a unique atmosphere to compete with the local competition. The pub has 36 internal covers. All we’re looking for is the right operator with the right vision. A great food offer is essential, and you will be comfortable working behind the bar and in the kitchen.
The Offer
The Red Lion is available on our investment tenancy agreement. Click here for more information on this agreement.
Trading Area & Facilities
Refurbishment Planned
An exciting refurbishment at this pub in Bierton in Buckinghamshire. This will include a complete redecoration and refurbishment to the indoor and outdoor trading spaces. Internally a sympathetic refurbishment which will include new back bar, refurbish existing fixed seating, retain and clean existing tiled floor, feature wallpaper, re-dec throughout and some new Fixtures &Fittings and toilet redecoration. Externally re-decoration including new signs & lights. We will also enhance the rear garden area.
- Lounge space
- Main bar area
- Rear garden
Where a significant investment is made in a pub by Star Pubs, 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
Private accommodation at the pub consists of one bedroom, a lounge, dining room, kitchen and bathroom.
Estimated Total Ingoing Costs
£39,397
Estimated Minimum Ingoing Costs
£39,397
Annual Rent
£23,588
Estimated Annual Turnover
£342,498
Deposit
£5,897
Estimated Fixtures & Fittings Value
£25,000
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:
68, Aylesbury Road, Aylesbury, HP22 5BU
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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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