tenancy
39 King Street, Stanford-le-Hope SS17 0HJ, UK
Approx. Total Ingoings
£16,350Annual Rent
£31,500located in the town centre of Stanford-le-Hope, The New Court House presents an exciting opportunity for the right publican, to develop a great community pub. This well-presented building with two separate trading areas allows for the creation of several zones and boasts the space and features rarely found in one place. The pub's 'small-town' central location brings in a real mix of clientele, allowing the new publican to explore new and varied offers to be run during the day and throughout the week. The pub also attracts a busy passing trade, thanks to its great curb appeal and high visibility. Having previously been run with an emphasis on a Turkish food offering and weekend entertainment, The New Courthouse offers the new publican the perfect opportunity attracts new customers, by changing the direction of the pub, with the introduction of good quality traditional pub food, sports viewing and a great drinks offer.
Private Accommodation: Located on the first floor, the spacious private quarters comprise four bedrooms, a lounge, bathroom, and kitchen.
Indoor trading area
With large windows and high ceilings as well as oak floors throughout, customers at The Old Courthouse can enjoy a real light and airy environment. The pub benefits from two separate trading areas, each with their own bar and split into defined drinking and dining spaces. In the centre of the pub, a single bar servery accommodates those visiting to have a drink and relax, or perhaps play pool or darts. To the right, a transitional 'snug-like' area leads through to the 50-cover restaurant, which can also double up as a function room, perfect for private parties and entertainment events; this area leads through to the patio garden. The commercial kitchen benefits from seperate washing up and storage areas and can be accessed via the restaurant.
Outdoor trading area
The beer garden, located to the rear of the property is of a generous size. Consisting of an enclosed lawn area with children's play area, patio which can accommodate picnic benches for approximately 24 covers and an additional covered patio area which is commonly utilised as a smoking shelter. This external trade area is a fantastic benefit, particularly popular with families during the summer months. To the side of the building is a large car park, accommodating approximately 30 vehicles.
Regional Manager Comments
This site offers a fantastic opportunity for an experienced, enthusiastic and hardworking publican to create, develop and make their mark on a great business. This pub is in a key area of the town and has amazing facilities, allowing the pub to appeal to a large cross-section of the local community.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Restaurant/Food
Approx. Total Ingoings
£16,350
Annual Rent
£31,500
Potential Turnover: £453,000 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: £31,500 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: £16,350 (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: £12,000 (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.
