tenancy
1A The Square, Llanharan, Pontyclun, Rhondda Cynon Taff CF72 9NR, UK
Approx. Total Ingoings
£15,500Annual Rent
£34,000The High Corner is a large pub occupying a very prominent position in the village of Llanharan, some seven miles from the town of Bridgend. The pub comprises a single bar servery with drinking and dining throughout. The main trading area has raised seating so customers can enjoy the pub separately, whether it’s a quiet drink, bite to eat or catching up with friends. The conservatory offers scope to provide a space for private functions and can accommodate up to 40 covers. The pub is served by a well-equipped trade kitchen. The pub also benefits from four en-suite letting rooms, which are in good order. The High Corner represents an excellent opportunity for a publican that can deliver excellent standards and build upon the pub’s current reputation.
Private Accommodation: The private accommodation comprises three bedrooms, a lounge, kitchen and bathroom.
Indoor trading area
The internal trading area comprises a single bar, spacious lounge and dining area accommodating up to 70 covers and a conservatory, accommodating a up to 40 covers. The conservatory could also serve as a function room or private dining area. The décor is traditional in style, with a mixture of fixed and loose seating. The trade kitchen is fully equipped and capable of supporting a quality food offer. The pub boasts four en-suite letting rooms, three doubles and one family room, all of which are in good order.
Outdoor trading area
Parking is available to the front, side and rear of the pub, with space for up to 30 vehicles. Although there is no designated beer garden, there is a small grass bank to the side of the pub and patio areas that could accommodate a handful of picnic benches, if the new publican wished.
Regional Manager Comments
The High Corner attracts both local and passing trade and is developing an excellent reputation for good quality food. The pub requires an experienced, food-led publican to continue the pub’s success and drive the pub business forward, utilising all aspects of the pub.
Retail Partnership Tenancy
Private Accommodation Kitchen Parking Cask Ale Function Room Restaurant/Food
Approx. Total Ingoings
£15,500
Annual Rent
£34,000
Potential Turnover: £429,000 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: £34,000 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: £15,500 (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: £20,000 (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.
