tenancy
Brackensdale Avenue, New Zealand, Derby DE22 4AF, UK
Approx. Total Ingoings
£12,000Annual Rent
£12,000The Kingsway Derby is set within a popular residential area of Mackworth in Derby. There area has a growing community with the new residential developments currently being constructed within a few miles from the pub. Mackworth offers great local shops and supermarkets and is located within a close proximity to Derby City Centre and the local road network such as the A38. The Kingsway offers excellent facilities both inside and outside of the premises. The pub has a popular bar area with pub games and a large lounge to the rear which could also be used as a function room. Externally there is a generous car park and attractive drinking terrace a popular spot during the summer months. Stonegate Pub Partners are now looking for an experienced and local community operator who have a good track record of developing businesses within the entertainment or food sector. The publican will also need to become an integral member of the local community to continue the well-established trade.
Private Accommodation: The private accommodation is spacious and comprises three double bedrooms, a large lounge and a generous kitchen and bathroom. It is traditional in decor and may require some updating to personal taste.
Indoor trading area
The Kingsway benefits from two key trading rooms; a traditional bar and a lounge. The popular bar is located to the front of the pub with seating for approximately 30 people along with pool, darts and table football. The room is decorated to a good standard but would benefit from a refresh decoration. The spacious lounge is positioned to the rear of the pub and decorated in a tasteful manner. This large room is also used for private functions, seating approximately 50 people. The trade kitchen is capable of offering a snack and bar menu, although some of the equipment would benefit from an upgrade in order to enhance the food offer. Acoustic and amplified live music has been played on occasion.
Outdoor trading area
To the side and rear of the building is a tranquil fenced open and covered patio area, where customers and families can sit and relax. Parking is offered to the front of the pub with space for 20 vehicles and a small covered smoking solution is located to the side of the property.
Regional Manager Comments
The local residents are very much the main clientele with a big emphasis on community spirit and entertainment; sports teams are also extremely popular. We are seeking an experienced publican to further enhance the retail offer; to include quality sports viewing, a regular food offer such as Sunday roasts, curry nights and an attractive snack menu.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking
Approx. Total Ingoings
£12,000
Annual Rent
£12,000
Potential Turnover: £290,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £12,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £12,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £15,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
