tenancy
30 Cold Bath Road, Harrogate HG2 0NA, UK
Approx. Total Ingoings
£13,500Annual Rent
£38,000The Last Post is situated on a main road into Harrogate town centre, surrounded by residential properties to the rear and retail and food outlets opposite and either side. Harrogate is an affluent area with the surrounding properties and outlets up market attracting people to the area. The pub is a grade 2 listed building and has benefitted from significant investment approximately three years ago. This is a one room operation with a single bar servery that offers craft and cask beers playing a major role in its portfolio of products. Stonegate Pub Partners are now seeking a publican who has a vision to enhance the pub through a simple yet creative food offer despite having the full commercial kitchen facilities. The publican will need to maintain the established trade by offering excellent customer service, live sports and cask ale.
Private Accommodation: The private accommodation has recently been refurbished and comprises of two bedrooms, a lounge and kitchen.
Indoor trading area
Internally the pub has been recently refurbished to a high standard throughout, retaining its original features with exposed beams and a quaint brick fireplace with log burner. The Last Post is a charming period property offering heaps of character with a modern twist. There is a large public bar with several TV's for customers to enjoy live sports and comfortably seats 30 customers with a mix of fixed and loose seating.
Outdoor trading area
There is an adequately sized yard located to the rear of the pub which is currently used for private parking for the publican and staff which can hold two vehicles.
Regional Manager Comments
The Last Post is a fantastic pub that benefits from a great location and is already a thriving business that caters for sports fans and cask ale lovers. The pub presents an excellent opportunity to enhance the already thriving trade within the centre of Harrogate, serving the best cask ales and fine wines to the affluent customer base. The successful publican will need to have the vision to enhance this operation and be particularly creative in the food offer without the full commercial kitchen facilities.
Retail Partnership Tenancy
Live Music Private Accommodation Cask Ale Live Sports
Approx. Total Ingoings
£13,500
Annual Rent
£38,000
Potential Turnover: £313,000 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: £38,000 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: £13,500 (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: £10,000 (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.
