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Angel Inn, Alston

Alston, CA9 3HU

Your investment

£7,500

Agreement Type

Tenancy
  • Initial start up rent £100 per week ( net)
  • Low security deposit with build up option available
  • Free of tie on wine, spirits & minerals
  • £1,000 supported first trade order
  • Traditional local community pub
  • Three beautiful letting rooms
  • External courtyard with stunning views

The pub is currently closed.  We are actively seeking a passionate individual or team to take the reins and breathe new life into this pub. Alongside a strong support system, Admiral Taverns will be offering an excellent financial package to assist with re-opening this pub.

 

High up in the North Pennines, set on the steep cobbled main street, by the local church, this grade II listed traditional building dated back to the 1600’s prides itself within this bustling market town. The Angel Inn is a small one – room bar operation in the quaint town of Alston, Cumbria, a heavy tourist area but with a very loyal strong customer community.

Alston is remote, about 20 miles from the nearest town however there are great transport links via  Weardale and access to the M6 motorway via the A686.

Pub Layout

On arrival the entrance leads to the main bar area. This single bar servery takes up a prominent position in this room, which is surrounded by a mixture of fixed and loose seating, traditional beamed ceilings and brick fireplace. There are four letting rooms, three of which are en-suite, all well presented with a separate access to the building. There is a small paved enclosed beer garden with seating with views over the Pennines. Site also boasts five car parking spaces.

The pub is situated just off the market square and has a consistent wet trade, supported by the local community as well as a stead following for the traditional food offer.

Private Accommodation

The private accommodation consists of two double bedrooms, a bathroom and a sitting room.

Letting Accommodation

Site has three letting rooms, three of which are en-suite, all are well presented accessed via a separate entrance.

 

Annual Rent: £15,000 – Initial start up rent £100 per week

Security Deposit: £2,500 – build up option available

Working Capital: £3,000

Stock: £2,000

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

Tie: Free of tie on wines, spirits and minerals – Tie release fee applicable

Training: £325 plus VAT

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

Admiral Taverns are looking for an experienced licensee given the three income streams. They ideally need to be local or know the area and be willing to get involved in local events, promoting the pub at any opportunity. The site would benefit from darts & dominoes teams during the winter, alongside catering knowledge to use the site to its full potential.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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