under offer
under offer
tenancy
50 Manor Road, Kingsthorpe, Northampton NN2 6QJ, UK
Approx. Total Ingoings
£11,500Annual Rent
£22,000The Queen Adelaide is a delightful village pub in the northern Northampton suburb of Kingsthorpe. The traditional property is full of character with exposed beams and brickwork, and a cosy mix of comfortable seating options. The bar plays host to a varied selection of cask ales, as well as international brands, and a quality traditional food menu is supported by a well-equipped commercial kitchen. The pub is popular amongst the local community for pub games and live sport, and benefits from separate trade areas, including a large beer garden. This is a fantastic opportunity for an experienced publican who is passionate about the community and their business, and can utilise the fantastic features that the Queen Adelaide has to offer.
Private Accommodation: The private accommodation comprises two bedrooms within a self-contained apartment with a kitchen-diner and lounge.
Indoor trading area
The Queen Adelaide is a spacious site decorated in a traditional style with exposed wooden beams, low ceilings and a modest fireplace. This pub benefits from a separate bar and lounge space, accommodating up to 40 covers in total. This is a two bar operation, hosting a variety of cask ales and international brands. The pub offers comfortable, cosy seating across a mixture of fixed and loose chairs and leather sofas. You will also find wall-mounted televisions, table skittles and a lovely snug area to relax in and pass the time with a drink or two. The lounge is currently used as a dining area with access to the rear garden and the adequate commercial kitchen is more thank capable of delivering a traditional food offer.
Outdoor trading area
This site boasts two patio areas, one to the front of the building and a second patio with a raised beer garden at the rear of the property. The beer garden is well maintained and has space for a number of picnic tables. There is also a large car park adjacent to the pub with space for approximately 40 vehicles.
Regional Manager Comments
The Queen Adelaide is renowned for delivering quality cask ales and traditional food, and has developed a strong customer base centralised around rugby. This is a unique opportunity for a passionate publican to expand on an already established business by utilising the many wonderful features on offer.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports Restaurant/Food
Approx. Total Ingoings
£11,500
Annual Rent
£22,000
Potential Turnover: £414,000 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: £22,000 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: £11,500 (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.
