OR CALL 01244 321 171 FOR MORE DETAILS
The Prince of Wales is a traditional pub in Malvern Link in the heart of The Malvern Hills, Worcestershire. Malvern is a Spa town with an area of outstanding natural beauty. The Prince of Wales is a detached building in a prominent position of a corner plot on Newtown Road. The pub benefits from a close-knit local community and is only 800m from the local train station with regular buses linking the pub to Malvern town centre.
The Prince of Wales benefits from two rooms with the main drinking area being at the front for darts and pool, large TV for sporting events, and a separate quiet lounge for relaxing and unwinding but would also make a great space for meetings, small parties and events. It has a real gem – the back garden, based on a slope it offers a charming view of the northern end of the Malvern Hills. This is great space for community events, barbeques or just enjoying the countryside.
The pub trades well as a community wet led pub predominantly focusing on cask ales, beers and cider. There is no current food offering. Sports and entertainment play a big part in the community with darts and pool teams playing throughout the week. Sky sports and WIFI are a must have here given the interest of the locals. There is a great opportunity to introduce further entertainment, quiz nights and events to engage with the local community further.
The private accommodation consists of three bedrooms, bathroom, kitchen and lounge all in good order.
Annual Rent: £16,000
Security Deposit: £4,000
Working Capital: £1,000
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.
The new licensee will have vast knowledge of the area. They will continue to keep the traditional pub values and feel and will put the local community/customers at the forefront of everything they do. They will have a desire to improve the retail offer that captures a wider audience. There are a number of clubs within the area that would take advantage of the lounge/bar on a regular basis. Personally- I am looking for the new licensee to show they have drive, determination and passion for people, product and business, someone that wants to make a difference to their local community whilst running a great business. With the right licensee I will be lookiNg to invest in this pub in 2019 to improve/enhance the offer.
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.