Regents Park Hotel Shirley

Regents Park Road, Shirley, Southampton SO15 8PF

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  • Regents Park

Regents Park Hotel Shirley

Fantastic Refurbishment Planned

Earmarked for major investment, this large pub sits on Regents Park Road, only a 10 minute walk from Shirley High Street and enjoys a great drinks and food trade. Regents Park Hotel is known for a fun atmosphere, excellent service and a family friendly feel. With weekly entertainment, pub games and live sports, the Regents Park Hotel is a great local venue for the community to come together for a refreshing drink and classic quality pub food.

Friendly, Community Orientated Operator Needed!

Do you have the ability to immerse yourself into the community with a fantastic offer focusing on sport, entertainment and pub teams? Then this is the site for you! The ideal operator would be someone who has experience in running a community pub who wants to develop a value for money food offering.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

Internally, Regents Park Hotel offers a large trading space with a wide range of good quality beers, lagers and ciders. The site can cater for a large amount of customers with a catering kitchen in good condition. The pub is known for its value for money good quality pub food and weekend entertainment. Regents Park Hotel is a friendly well decorated pub with recently refurbished modern toilets.

Externally, there is a fantastic and well secluded pub garden to the side and to the rear of the pub as well as a car park for 8 cars. The pub also benefits from having plenty of off street parking available.

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 at the Regents Park Hotel consists of four bedrooms, lounge, kitchen, bathroom, office and store room all in good condition. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 01:00 10:00 - 01:00 11:00 - 23:30

Financials

Annual Rent £
42,500
Estimated Annual FMOP (Licensee Profit) £
43,880
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
492,424
Estimated Annual Barrelage
318

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
25,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
10,625
Rent In Advance £
817
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
43,627
Estimated Minimum Ingoing Costs £
35,000

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,781
Estimated Annual Maintenance Compliance Charge £
940
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased