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Old England, St. Leonards-on-sea

St Leonards-on-Sea, TN37 6AJ

Your investment

£20,500

Agreement Type

Tenancy

The Old England is situated in the seaside town of St Leonards-on-sea in the borough of Hastings, East Sussex.  St Leonards was a popular destination amongst Royals dating back to 1831 and has remained a popular seasonal destination ever since.  Situated about four hundred metres from the promenade, the Old England benefits from the footfall to the local area.  There are several tourist attractions locally with parks, gardens, Hastings Pier and the True Crime Museum all within easy walking distance. St Leonards is easily accessible by the A259 that runs along the coast or the A21 that runs down from Royal Tunbridge Well through High Weald – an area of outstanding natural beauty.

The Old England is situated in the seaside town of St Leonards-on-Sea in the borough of Hastings, East Sussex.  St Leonards is a popular destination amongst Royals dating back to 1831 and has remained a popular seasonal destination ever since.  Situated about four hundred metres from the promenade, the Old England benefits from the footfall to the local area.  There are several tourist attractions locally with parks, gardens, Hastings Pier and the True Crime Museum all within easy walking distance. St Leonards is easily accessible by the A259 that runs along the coast or the A21 that runs down from Royal Tunbridge Well through High Weald – an area of outstanding natural beauty.

Pub Layout

The pub is a one bar operation, with seating for approximately fifty people, a pool table area and pavement area with an opportunity to increase the capacity through a pavement license during the busy summer months. Plans are in place to potentially invest in the pub to make it more attractive to passing customers and make the inside more comfortable and welcoming to increase the customer base.

Currently the pub trades as a community drinks focussed pub on the busy High Street in St Leonards-on-Sea.  Currently there is a value lager cider, wine and spirits offer in place alongside a basic hot drink solution.  

Private Accommodation

The private accommodation consists of nine bedrooms that were previously used for letting. However currently, there are three usable bedrooms, a kitchen, bathroom and a lounge.

Annual Rent: £28,000 (after investment) 

Security Deposit: £5,000

Working Capital: £11,ooo

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.

Admiral Taverns are looking for someone who will breathe a new lease of life into the Old England. We are looking for someone with the motivation and passion to succeed with the ability to see the fantastic potential this site has to offer and unlock the fantastic opportunities that this pub presents.  The right licensee would need to be able to introduce a small yet well executed back bar food offer, as well as a simple hot drink solution to maximise on passing footfall. There is huge scope to develop the current drinks range with the introduction of cask beer and then a Cask Marque accreditation which would also compliment a reliable sports offer.  Admiral Taverns are looking to work with the right tenant on a considerable investment to the Old England, giving this diamond in the rough an extensive facelift both internally and externally.

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 – £30.10 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.

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 – 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 – £30.10 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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