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Slide ‘RISING FROM LOCKDOWN' - GUIDING YOU THROUGH COVID RENT DISCOUNTS AVAILABLE OF UP TO 40% In accordance with our rent policy Admiral COVID-19 licensee support and Rent policy - Please click here (last updated November 5th)
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YOUR INVESTMENT

£13,000

AGREEMENT TYPE

Tenancy

FACILITIES

3+ BedroomsCask AleLive MusicKitchenSports TeamsCar ParkBeer Garden
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Albemarle

Plymouth, PL5 4DD

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OR CALL 01244 321 171 FOR MORE DETAILS

The Albemarle is a large detached community pub situated in suburban area of Whitleigh, Plymouth. The pub benefits from being on the busy main road with lots of passing trade. Whitleigh is a densely populated residential area with local amenities nearby.  Whitleigh is a district in Plymouth and lies approximately five miles from the City.

Pub Layout

The Albemarle has two distinctive areas, the lounge area has a traditional and relax feel and is balanced with both loose and booth seating where people can both dine or enjoy a drink with friends.  This space lends itself to around 45 covers. The bar is well stocked with a great product range including two cask ale pumps. The second area has a modern and fresh feel with wooden floors and light and airy decor, this area is home to a pool table, darts board, Television screen and juke box. There is both low and high tables in this area. Both areas benefit from their own bars and sets of toilets allowing either side to double up as function space. The trade kitchen is directly behind the bar which provides service to both areas. The beer garden is a fantastic addition to the pub it wraps around both the front and side of the pub, it is grassed throughout and in the summer months is well used. The car park is to the rear of the pub and has spaces for approximately 18 cars.

The pub is a great example of a community pub.  The food on offer is of mid-range and provides something for everyone. The pub has both pool and darts teams which provide an added income mid-week. At present there is no sky sports so the new licensee may wish to introduce this to drive further footfall.  Live music is popular with the local residence enjoying the array of bands at weekends.

Private Accommodation

This consists of three well appointed large bedrooms, a family bathroom, domestic kitchen and a large sitting room. All are presented in good condition.

Annual Rent: £23,500

Security Deposit: £5,000

Working Capital: £5,000

Stock: £3,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie:        All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

I am looking for a community minded licensee who is keen to embrace the locals and continue this good work. Experience in running a pub of this style would be preferred but if you are new to running a pub with transferable skills, you will be considered. The retail offer would need to be a value for money food and drinks offer. Simple pub food is the order of the day along with a well thought out rhythm of the week presenting various offers. The wet side of the business must again be value for money with the opportunity to maximise on the spirits range and to carry a complete draft product range. Cask Ales are a real opportunity here.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for   weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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