Waverley Hotel Bonnyrigg
Waverley Hotel Bonnyrigg
68-70, Dundas Street, Bonnyrigg, EH19 3BB Pub Code: 2302134101
Pub Code: 2302134101
Investment TenancyEst. Annual Turnover: £472,412
Annual Rent: £38,983
An exciting refurbishment project of around £230,000 is planned to transform The Waverley Hotel into a great community led pub with eight letting rooms. What would you do with this pub to make it a success?
The area
We’re investing in transforming the Waverley Hotel in Bonnyrigg, Midlothian, just seven miles from Edinburgh. Located prominently on a main road approaching the centre of Bonnyrigg, and close to Bonnyrigg Rose FC, The Waverley Hotel will offer good quality facilities for both residents and visitors to the area. With new housing developments nearby - younger families are moving in - and over 13,000 people living within a short walk of the pub, the local Customer base is broadening. The pub, once refurbished, will provide an opportunity to create a good quality daytime & evening Bar Food Offer, alongside an exciting range of Drinks. Eight ensuite Letting Bedrooms provide an additional income stream in an area where accommodation is in demand.
The offer
The refurbishment will give the Waverley Hotel a modern, comfortable & welcoming feel, with updated décor and improved lighting. Externally, the refreshed look will boost its kerb appeal. A great value Drinks Offer, with an exciting range of draught beers & ciders, premium spirits & classic wines will be complemented by a selective Menu of Pub Favourites, and regular activities including Televised Sport, Live Entertainment at Weekends, and a Quiz Night. The appeal and opportunity at the Waverley Hotel is enhanced by a spacious Beer Garden with 30+ covers, and the income potential from the eight Letting Bedrooms.
The Waverley Hotel is available on our Investment tenancy agreement. Click here for more information on this agreement.
Trading Area & Facilities
The Waverley Hotel 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
- 30 internal covers
- 50 external covers
- 8 letting rooms.
- Beer garden
- On street parking
- Smart Dispense
- Catering Kitchen
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
This pub has no private accommodation.
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
£47,746
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:
68-70, Dundas Street, Bonnyrigg, EH19 3BB
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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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