Blue Bell Conwy
Castle Street, Conwy, LL32 8AYAgreement Type:
Foundation Tenancy
14, Lombard Street, Porthmadog, LL49 9AP Pub Code: 2300146101
Pub Code: 2300146101
Investment TenancyEst Min Ingoing Costs: £51,394
Annual Rent: £44,326
Refurbished Premium Local pub in Porthmadog.
The Ship offers a great opportunity for someone who wants to take on a well-backed, refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area:
The Ship is located in Porthmadog, North Wales, just on the edge of Snowdonia National Park. It is a historic port town, once the hub for exporting Welsh slate worldwide, and now a popular tourist base with excellent transport links.
There are 1,814 people within a 10-minute walk (1,516 over 18), but the area benefits hugely from seasonal visitors, with hundreds of thousands of tourists flocking to Snowdonia, Cardigan Bay, Pwllheli and Anglesey throughout the year.
Demographics:
The local population is of medium affluence with a more mature age profile. However, the large influx of tourists during the summer and holiday periods significantly boosts potential footfall.
Competition includes around 20 pubs within a mile, though only a handful serve food.
The offer:
The Ship is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment will deliver a fully redecorated and refreshed bar, lounge and toilets, bringing the pub back to the heart of the community. With Sky and BT Sport, local entertainment including quizzes and bingo, plus cask ales, premium lagers, wines and spirits, it will cater to both locals and tourists alike.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. The right operator for the Ship could be new or experienced but must be able to deliver great homecooked food, while promoting the pub to locals and visitors.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
The Ship will be undergoing a refurbishment which will cover the bar, lounge and toilets. The function room will remain as is, having been redecorated recently. Externally, no works are planned as the pub benefitted from a full signage and redecoration scheme last year.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading area and facilities post refurbishment will be:
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, 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).
The private accommodation consists of a kitchen, a lounge, two bedrooms, and a bathroom.
Estimated Total Ingoing Costs
£51,934
Estimated Minimum Ingoing Costs
£51,394
14, Lombard Street, Porthmadog, LL49 9AP
Selected pub
Other pubs
Agreement Type:
Foundation Tenancy
Agreement Type:
Investment Tenancy
Agreement Type:
Investment Tenancy
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
RegisterTo download our no nonsense guide to running your own pub click below.
Download