Back to Search results

Angel Inn, Alston

Alston, CA9 3HU

Your investment

£10,000

Agreement Type

Tenancy

The Angel is a small one-room bar Grade II Listed traditional building in the quaint village of Alston in Cumbria with great transport links via Weardale. Heavy tourist area but with strong local customers.

The Angel is a small one-room bar Grade II Listed traditional building in the quaint village of Alston in Cumbria with great transport links via Weardale. Heavy tourist area but with strong local customers.

Pub Layout

There is a large catering kitchen as well as two separate cellars for the beer and cask to provide excellent standards on Cask Ale. The pub benefits from darts teams as well as support from the local Fishing and Leek clubs. Also, there are four letting rooms, three of which are en-suite. Externally there are five car park spaces as well as a small beer garden.

The pub is situated just off the market square and has a strong wet side as well as a strong following for the traditional food offer. The pub company are Ideally looking for an experienced operator given the three income streams, and ideally need to be local and know the area.

Private Accommodation

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

Letting Accommodation

Four letting rooms, three of which are ensuite.

 

Annual Rent: £26,750

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

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: £325 plus VAT

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

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.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.