tenancy
St Mary's Rd, Hemel Hempstead, Hertfordshire HP2 5HY, UK
Approx. Total Ingoings
£9,500Annual Rent
£20,000The Old Bell Gate is a two-room community pub on the outskirts of Hemel Hempstead old town. The pub has a small patio garden area to the side and a limited car park to the front and side. It has recently been refurbished both inside and out and the property is generally in good order.
Private Accommodation: The well-presented private living accommodation comprises of two bedrooms, a lounge, and a kitchen, all of which has also be recently refurbished.
Indoor trading area
The recently refurbished internal areas offer customers two separate areas. The snug area offers locals a more intimate experience for around 12 covers, whilst the larger bar boasts a pool table, darts board, and TV’s to broadcast live sports, for around 30 covers.
Outdoor trading area
The external area to the Old Bell Gate is a patio terrace area with seating for 30 people. On either side of the pub customers can also find a car park for six vehicles.
Regional Manager Comments
The Old Bell Gate has been traditionally a local drinking pub featuring live sports, pool and darts and a great outside drinking terrace. The barrelage in this site has always been traditionally higher than you may expect due to a large catchment area of houses and its proximity to the old town. Both inside and the exterior have been refurbished within the last 9 months.
Retail Partnership Tenancy
Live Music Private Accommodation Parking Cask Ale Live Sports
Approx. Total Ingoings
£9,500
Annual Rent
£20,000
Potential Turnover: £309,000 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.
Introductory Rent: £20,000 per annum, payable weekly in advance.
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £30,000.00 per annum.
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: £9,500 (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: £5,000 (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.
