Inn On The Green Coddington
The Green, Newark, NG24 2PSAgreement Type: Foundation Tenancy
View details for Inn On The Green Coddington
Sun Inn Tuxford
1, Newcastle Street, Newark, NG22 0LN
Pub Code: 2302639101
Key Features
- Great Community Local
- Refurbishment Planned
- Great Community Local
- Affluent Area
- Pool & Games Area
- Outdoor Space
Est Min Ingoing Costs: £37,675
Annual Rent: £26,698
More Information
Exciting Investment Opportunity
Situated in the market town of Tuxford, just off the A1 in Nottinghamshire, the Sun Inn is strategically positioned in a charming village. Once a bustling hub for travellers, it now serves as a sought-after destination for locals and visitors alike. Surrounded by historic landmarks, quaint shops, and attractions like a working windmill and the Museum of the Horse, the pub stands at the crossroads of history and modernity. A quality refurbishment from Star Pubs & Bars will transform the space into a premium outlet for quality pub food, drinks, and traditional ambiance.
Boasting a premium look, the potential for a well-balanced pub food menu, and an array of quality beverages, including lagers, beers, ciders, and cask ale, The Sun Inn will be an inviting space for patrons seeking a delightful experience. Whether it's a casual lunch, evening drinks with friends, or enjoying live sports and pub games, our pub caters to diverse tastes. As the day transitions, envision a warm and welcoming atmosphere for locals during evenings and weekends. The local town council has already reached out to us, expressing interest in our redevelopment scheme aligned with their vision for the area.
The refurbished Sun Inn is set to captivate a diverse audience, offering a premium pub experience with a balanced menu and quality drinks for locals and visitors alike. Positioned near historical landmarks, it serves as a traditional haven for history enthusiasts and tourists, transforming into an elegant hotspot with distinct zones for dining, drinking, and sports as the sun sets, appealing to affluent connoisseurs and families. Additionally, it caters to social hub seekers, boasting a refreshed look, varied drinks, and occasional entertainment, creating a vibrant atmosphere for pub sports enthusiasts and those seeking a lively social experience in Tuxford.
The Offer
Following its refurbishment, The Sun Inn will provide something for everyone. Immerse in a great selection of premium draught lagers, craft ales, wines, spirits, and soft drinks. Indulge in a traditional pub menu featuring classic dishes and weekly specials, offering a tasty twist to favourite comfort foods. Kickstart your day with a satisfying coffee tailored to your preferences, as decided by the operator. Elevate the pub experience by hosting live sports, pub games like darts and pool, and occasional entertainment during key times, making The Sun Inn a versatile and welcoming space for casual visits or memorable celebrations.
Trading Area & Facilities
The Sun Inn is a two-room operation. The pub features a horse-shoe bar area. Works will be undertaken throughout to the general trade areas, pool room, bar & tap room, lounge area and externally. Please refer to the attached "Refurbishment Details" document for more information.
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 consists of 3 bedrooms, living room, kitchen, and bathroom.
| Annual Rent | £ 26,698 |
| Estimated Annual Turnover | £ 435,890 |
| Deposit | £ 6,675 |
| Estimated Fixtures & Fittings Value | £ 20,000 |
| Estimated Stock Valuation | £ 7,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 37,675 |
| Estimated Minimum Ingoing Costs | £ 37,675 |
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:
1, Newcastle Street, Newark, NG22 0LN
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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