tenancy
1 Selhurst Road, Croydon, London SE25 5PP, UK
Approx. Total Ingoings
£17,500Annual Rent
£20,000The Kilkenny Tavern, previously known as the Holmesdale is a three-storey neighbourhood pub on a main road in South Norwood, opposite the world famous Brit School famous for producing Leona Lewis winner of X-Factor. This well-located pub attracts plenty of passing trade due to its prominent position. Customers can enjoy the traditionally decorated open plan trade area and the garden to the rear proves popular in the warmer months. There is potential to increase food trade with the right development and new clientele could be attracted through events and entertainment. This is a fantastic opportunity for an experienced publican or a new starter with good business knowledge.
Private Accommodation: The private accommodation comprises four bedrooms, a kitchen, a lounge, and a bathroom. All rooms are in good decorative order and of good size.
Indoor trading area
The Kilkenny Tavery is a traditionally decorated pub with exposed beams and wooden flooring throughout. A horseshoe shaped bar services the open plan trading area which comprises bar seating and loose wooden tables and chairs, together providing up to 26 covers. There is also a raised gaming area which houses the pool table. A small trade kitchen supports a simple menu but there is potential to develop the food offer and attract new clientele.
Outdoor trading area
There is a small patio and grassed garden to the rear of the pub with picnic benches and a fenced children’s play area. All of which prove popular in the warmer months, especially with families. A sheltered area provides a convenient smoking solution and the large car park is located to the rear with space for 25 vehicles.
Regional Manager Comments
The opportunity exists for either a newcomer to the trade or an experienced publican to increase both wet and dry sales. This could be achieved by offering promotions to encourage a higher spend from the existing customers and enticing the community at large to use the pub. The bonus of having the famous Brit School opposite could enable the use of entertainment to achieve maximum profit.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Children's Play Area
Approx. Total Ingoings
£17,500
Annual Rent
£20,000
Potential Turnover: £292,000 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: £20,000 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: £17,500 (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: £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.
