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Station Hotel, Pickering

Pickering, YO18 7AJ

Your investment

£15,000

Agreement Type

Tenancy

The Station Hotel is on the main road near the centre of the small, ancient market town of Pickering in the civil parish of Ryedale in North Yorkshire and on the border of the North York Moors National Park. The pub is located directly opposite the North Yorkshire Moors railway station.

The Station Hotel is on the main road near the centre of the small, ancient market town of Pickering in the civil parish of Ryedale in North Yorkshire and on the border of the North York Moors National Park. The pub is located directly opposite the North Yorkshire Moors railway station.

Pub Layout

The trading area comprises of the main bar with the added advantage of a separate lounge/dining room which enables the two trades to operate simultaneously without restricting each other. It has comfortable, modern furnishings throughout. There is an additional side room leading from the bar area which accesses onto a substantial external patio area to the rear, providing an external smoking solution and allowing the opportunity for al fresco drinking and dining. Adjacent to this, there is a small car park which can be reached from the side of the pub. The pub company has recently invested in the Station Hotel, with the addition to some new Fixture and fittings, new flooring, lighting, and decoration to the main bar area.

This pub has a welcoming, friendly atmosphere and many visiting tourists to the area give positive reviews and vow to return to there on their next visit. Currently, the Station Hotel trades as a ‘town centre local’ with a mainly wet-led offer.

Private Accommodation

Private accommodation consists of a flat above the pub with a lounge, kitchen, and two bedrooms. There is also access to the letting bedrooms from the flat itself.

Letting Accommodation

Five letting rooms available.

 

 

 

Annual Rent: £22,500

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

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.

The BDM’s vision to to develop on the recently introduced ‘pub grub’ food menu is growing steadily and making much better use of the lounge/restaurant area of the pub, this side of the business represents an excellent opportunity to increase sales. Also, the 4-5 under-utilised letting bedrooms could be improved and marketed to add a further, new dimension to the overall appeal of the pub given its location.

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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