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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

£12,250

AGREEMENT TYPE

Five Year Agreement

FACILITIES

Open Fire3+ BedroomsCask AleLive MusicKitchenCar ParkBeer Garden
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Melbourne Arms

York, YO42 4QJ

Please leave your details and our team will be in touch. * fields are required

OR CALL 01244 321 171 FOR MORE DETAILS

The Melbourne Arms is located in the heart of the beautiful, affluent village of Melbourne which is a village and civil parish in the East Riding of Yorkshire, England. It is situated approximately eight miles west of the market town of Market Weighton and four miles south-west of the market town of Pocklington. The village lies on the Pocklington Canal, encouraging walkers, tourists and visitors throughout the year. The Melbourne Arms benefits from being the only pub in this picturesque village, making it the hub of the community and popular with visitors.  This delightful village also has a number of local amenities including school, clubs and a shop creating a real self sufficient community feel and is even home to the Pocklngton Canal Amenity Society, who run boat trips from the Melbourne Arm of the canal.

Pub Layout

This attractive pub has been decorated throughout with a modern, chic country style – whilst not forgetting its roots, with exposed red brick openings and bar, a mixture of slate tiled and hardwood floorings throughout, the Melbourne is just a pleasure to be in. On entering the pub you are welcomed into the main bar area, with the bar located where it should be, in the heart of the pub and services all areas.  There is a mixture of high and low seating in here and plenty of space for vertical drinking too. To the left is the cosy snug area, which is ever popular for those looking for just la drink or on the colder months as it is so inviting with the open fire. The main dining room is on the right side of the pub with versatile fixtures and fittings depending on the amount of covers required, however on a normal set up this room could comfortably facilitate thirty covers. For al fresco dining or drinking there are two options, to the front there is room for easily six, either picnic benches or individual patio furnishings and to the rear is a quaint beer garden housing its own benches.

The Melbourne Arms is currently a popular local community which has a good reputation. However there is the scope to take it from great to magnificent! The current licensee is currently trading the pub with a 60/40 split between wet and food and there is potential to improve this. In regards to a rhythm of the week and entertainment there is room to drive this as the pub has the space, versatility and demand for more intimate live entertainment, such as acoustic sets or open mic nights, along with supporting local clubs and community events.

Annual Rent: £19,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £4,000

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.

Private Accommodation

The private accommodation is located on the first floor of the pub and is all in good decorative order. It comprises: three good sized bedrooms, lounge, kitchen, bathroom and a study/office.

I am looking for a community focused individual or couple who have an eye for detail and perfection. Food experience is key for the in-going licensee as this is such a huge part of the business already – and something I would be looking to grow. Although this is an attractive pub already, with the right licensee and an outstanding business plan, we would be looking to do an investment in order to turn this business in to something special. Having a love and knowledge of cask ale and premium drinks is essential within this pub and being able to drive the business through marketing is a must. Supporting and hosting local community events and clubs will keep the spirit alive.

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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