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Royal Oak, Hull

Hull, HU12 8AL

Your investment

£9,000

Agreement Type

Tenancy

The Royal Oak is located in the village of Paull which is 6 miles from the city of culture, Hull. The pub boasts a doorstep view of the Humber Estuary as it sits on it’s North bank. The village is a very popular destination with keen walkers due to it’s picturesque and accessible paths along the Humber Estuary and a nearby 18th century light house.

The Royal Oak is located in the village of Paull which is 6 miles from the city of culture, Hull. The pub boasts a doorstep view of the Humber Estuary as it sits on it’s North bank. The village is a very popular destination with keen walkers due to it’s picturesque and accessible paths along the Humber Estuary and a nearby 18th century light house.

Pub Layout

The Royal Oak is an traditional two-storey mid terraced building. The ground floor offers a focal point central bar area and three good sized rooms, including a games room, lounge and also a functional commercial kitchen. Externally the pub benefits from a two tiered beer garden with a charming view of the estuary. Opposite the pub there is a small car park offering off street parking for customers.

The Royal Oak is currently a drinks focused community pub with the potential to take advantage and reintroduce and develop a new food offering. Engaging with the local community events would be beneficial to any potential licensee.

Private Accommodation

The private accommodation consist of four bedrooms, large lounge, kitchen, family bathroom and small office all in good order.

Annual Rent: £10,500

Security Deposit: £5,000

Working Capital: £2,000

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: £250 plus VAT

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

Ideal candidate would have some experience of running a community pub and must be prepared to work closely with the local community. As the pub is located on the banks of the estuary potential candidates must be prepared to introduce a food offer, and ideally consider making this pub a pet friendly destination dining venue in order to appeal to the walkers who regularly visit the area.

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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