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Maindee Hotel, Newport

Hillmorton, CV21 4BW

Your investment

£10,000

Agreement Type

Tenancy

Hillmorton accounts for a large portion of the eastern side of Rugby with only a short drive into the town centre and all the amenities that it provides. There is also excellent access to the M1 and M45 a couple of miles to the east and south respectively.

Hillmorton accounts for a large portion of the eastern side of Rugby with only a short drive into the town centre and all the amenities that it provides. There is also excellent access to the M1 and M45 a couple of miles to the east and south respectively. The Stag and Pheasant is a large village pub which is a popular stop for Rugby walkers as it is only 10 minutes from the Oxford canal. It is also only 2 miles from Rugby rail station and approximately 15 minutes from the town centre.

Pub Layout

This is a beautifully decorated traditional two-room pub both serviced by a central bar. The lounge bar has a pool table and a darts board along with a large TV for sports. The lounge is a beautifully appointed room with a more relaxed homely feel. There are circa 40 covers in the lounge which is serviced by that catering kitchen just off the lounge. Externally to the rear, there is a smoking shelter and car parking (around ten spaces). There is also an outside drinking area, which is complemented by a rear raised garden area/wooded area behind the car park.

 

The Stag & Pheasant is a true village pub food operation and a community-based pub, all in one.

Private Accommodation

This private accommodation consists of three bedrooms, a kitchen, bathroom and lounge.

Annual Rent: TBC

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

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: £325 plus VAT

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

Admiral Taverns are looking for a individual or couple with the ability to drive the trade from it’s current position and through a calendar of weekly and monthly events increase the footfall and make this a really exceptional pub that it has the ability to be. There is potential to increase the food offer and create a pub that will attract people to visit from further afield and also keep those locals coming through the door in greater numbers.

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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