Three Horseshoes Malpas
Three Horseshoes Malpas
45, Pillmawr Road, Newport, NP20 6WG Pub Code: 2301713101
Pub Code: 2301713101
Investment TenancyEst. Annual Turnover: £387,682
Annual Rent: £23,489
A refurbishment of around £227,000 is planned to transform Three Horseshoes Malpass into a smarter community pub with refreshed interiors, improved external presentation and a stronger sports and community offer.
What would you do with this pub to make it a success?
About the area
Three Horseshoes Malpass sits on the edge of a residential estate and is surrounded by housing, giving it a strong community catchment. There are 4,624 adults within walking distance of the pub.
The brief identifies two nearby competitors, making Three Horseshoes one of only a small handful of pubs serving the immediate area. Its position on a busy road also gives the refurbishment an opportunity to signal a clear change to passing customers.
The pub currently trades as a predominantly wet-led, value-led and traditional business. The investment will refresh its appearance and reposition it to appeal to a broader and more diverse customer base, while retaining a clear community focus built around drinks, sport, weekly activity and a simple food offer.
The offer
Three Horseshoes Malpass is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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 Three Horseshoes Malpass will have extensive experience in community-led, drinks-focused hospitality businesses. They will have a clear vision for the simple food and drink menu, sports and weekly entertainment programme, and local marketing strategy, and can create a memorable experience for their customers.
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 refurbishment will cover both the interior and exterior of Three Horseshoes Malpass. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Snug area
- Separate games and sports zone
- 79 internal covers
- 116 external covers
- Catering kitchen
- Function room
- HEINEKEN SmartDispense
- Three-bedroom private accommodation
- Pub garden
- Car park with 25 spaces
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 3 bedrooms, a living room, kitchen, bathroom, separate toilet.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£33,372
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.
What we're planning & why
An estimated £220,000 investment will refresh Three Horseshoes Malpass both inside and out. The scheme will smarten the existing trading areas, improve external presentation and signage, and create a more modern community pub environment, with private accommodation also included in the refurbishment.
Unlike standard terms for Investment Tenancies, we're offering the option to rent the Fixtures & Fittings for this pub. Ask us for more information!
What's happening?
Internally, the pub will be refurbished to smarten the existing environment and make better use of the trading space, helping it appeal to a greater customer base.
Externally, the refurbishment and new signage will help the pub stand out on its busy road position and provide a visible signal that the offer has changed.
The customer proposition will remain rooted in community pub occasions, with sport and a full weekly programme providing regular reasons to visit. A limited menu of simple pub food will complement the drinks-led offer without overcomplicating the operation.
The interior décor refresh and improved presentation will help bring the pub up to modern customer expectations while supporting the opportunity to rebuild its reputation in the local community.
Why invest?
The investment is designed to give Three Horseshoes Malpass a clearer identity, improve its customer environment and strengthen its appeal within the surrounding residential catchment. Better presentation, a smarter interior and a consistent programme of sport and community activity should help attract more customers and increase visit frequency.
Turnover is expected to increase by around £4,000 per week, reaching approximately £7,400 per week following the refurbishment.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
45, Pillmawr Road, Newport, NP20 6WG
Selected pub
Other pubs
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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