Dog & Quayle Underwood
Mansfield Rd, Underwood, NG16 5FFAgreement Type:
Foundation Tenancy
View details for Dog & Quayle Underwood
Waggon & Horses Nottingham
Waggon & Horses Nottingham
260, Mansfield Road, Redhill, Nottingham, NG5 8JY Pub Code: 0020340101
Pub Code: 0020340101
Investment TenancyEst Min Ingoing Costs: £39,167
Annual Rent: £30,670
What would you do with this pub to make it even more of a success?
The area
Explore the Waggon & Horses, strategically located along a bustling main road on the way into Arnold, a lively town just outside Nottingham. Positioned near key landmarks and with over 3.5k residents within a 10-minute walk (and over 14k within 20 minutes), this pub offers an exceptional opportunity. With limited competition in the area, this establishment attracts a diverse mix of midlife to mature, medium to high-income customers, making it an ideal choice for a premium local experience.
The offer
The Waggon and Horses is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re always open to new ideas, what would you do to drive trade?
This large venue boasts 128 indoor covers, and will have a fully refurbished function room with the potential to host private functions and music events. A revamped menu serving classic pub fare and modern twists on classic will create a thriving business at the heart of a welcoming community.
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 Waggon & Horses will have extensive experience in premium local hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 pubs next chapter…
Trading Area & Facilities
The Waggon & Horses will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- 128 internal covers
- 100 external covers
- Catering kitchen
- Function room
- Smart dispense
- Beer garden
- Car park
- Conservatory
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, lounge, kitchen, bathroom and a small outside seating area.
Estimated Total Ingoing Costs
£39,167
Estimated Minimum Ingoing Costs
£39,167
Annual Rent
£30,670
Estimated Annual Turnover
£498,300
Deposit
£7,667
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£8,000
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:
260, Mansfield Road, Redhill, Nottingham, NG5 8JY
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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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