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The Surbiton Fox
The Surbiton Fox
60, Portsmouth Rd, Surbiton, KT6 4HS Pub Code: 0090303101
Pub Code: 0090303101
Investment TenancyEst Min Ingoing Costs: £59,425
Annual Rent: £47,500
Complete transformation of riverside pub in Surbiton.
The Surbiton Fox offers a great opportunity for someone who wants to take on a well-backed, fully refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area:
The pub benefits from being one of 12 in Surbiton, serving around 6,655 adults within walking distance. The customer base includes a large number of young professionals alongside families, with the area noted for its affluence and strong community feel.
Located on the River Thames and close to Kingston and Hampton Court Palace, the pub will benefit from strong local and visitor footfall.
The offer:
The Surbiton Fox is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment will deliver a quirky, cool, one-of-a-kind pub with a bespoke food and drink offer. With craft-focused premium brands on the bar, smash burgers and pizza from the kitchen, and bean-to-cup coffee, it will appeal strongly to young professionals and families looking for something different to mainstream managed offers.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Surbiton Fox will be innovative and engaging, able to build strong connections with the younger local community and deliver memorable experiences.
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…
Trading Area & Facilities
The Surbiton Fox will be undergoing a full internal and external refurbishment, including a complete rebrand and new name. Inside, the pub will be transformed with defined zones including snug, bar and informal dining. Externally, the pub will benefit from full redecoration, new signage and refreshed outdoor areas.
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:
- Main trading area with bar
- 78 internal covers
- 74 external covers
- Catering kitchen
- HEINEKEN SmartDispense®
- Zoned spaces including snug, bar and informal dining
- Beer garden
- 5-bedroom private accommodation
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).
Private Accommodation
Private accommodation consists of 5 bedrooms.
Estimated Total Ingoing Costs
£59,425
Estimated Minimum Ingoing Costs
£59,425
Annual Rent
£47,500
Estimated Annual Turnover
£518,514
Deposit
£11,875
Estimated Fixtures & Fittings Value
£34,050
Estimated Stock Valuation
£10,000
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:
60, Portsmouth Rd, Surbiton, KT6 4HS
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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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