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Castle Inn, Swindon

Swindon, SN1 3LQ

Your investment

£10,000

Agreement Type

Tenancy

The Castle Inn is a terraced pub situated in a large residential suburb in Swindon old town. The pub is within walking distance to the Queens Park and Lawns Park and local amenities such as supermarkets, schools, art galleries and churches. Swindon train station is within five minutes drive along with other major network roads. There is a vibrant circuit in and around Swindon and the Castle Inn has its part to play in this and is recognised as a hub of the community. Admiral Taverns are looking invest in this pub with a long term tenant this is subject to full board approval.

The Castle Inn is a terraced pub situated in a large residential suburb in Swindon old town. The pub is within walking distance to the Queens Park and Lawns Park and local amenities such as supermarkets, schools, art galleries and churches. Swindon train station is within five minutes drive along with other major network roads. There is a vibrant circuit in and around Swindon and the Castle Inn has its part to play in this and is recognised as a hub of the community. Admiral Taverns are looking invest in this pub with a long term licensee which is subject to full board approval.

Pub Layout

The pub is served from a central bar across two trading areas. The main room which has a mixture of fixed and loose comfortable seating is a casual drinking area, with live sports. The second trading room houses a pool table and darts oche with a raised staged area for live entertainment. At the rear and side of the pub is a private courtyard for outdoor refreshments, proving to be extremely popular be a real suntrap in the summer months.

The Castle Inn trades as a drinks focused community pub with entertainment proving extremely popular with the locals. This well-loved backstreet local is praised for its position within the local community, regularly hosting live music events, open mic nights, private functions and always providing a great atmosphere to watch live sports.

Private Accommodation

The private accommodation consists of three bedrooms, kitchen and lounge which has its own separate external entrance and also can be accessed through the bar.

Annual Rent: £25,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £2,500

F&F: TBC (Funding options may be available for the right licensee)

Training: £325 plus VAT

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

The Castle Inn is a great opportunity to grow its already established entertainment offer with visitors from town, offices and local housing. Enhancing the retail offer would be welcomed with a possible refurbishment with the right licensee(s)this is to include external & internal decoration and is subject to full board approval. The ideally applicant will need to embed themselves into community life and be willing to trial new ideas to drive this business forward.

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

 

 


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