tenancy
63-65 Newport Road, Caldicot NP26 4BR, UK
Approx. Total Ingoings
£12,150Annual Rent
£12,750Located in the busy town of Caldicot, the Measure Inn is a purpose-built pub with extensive trade areas. With beautiful surrounding countryside, the property is well situated in a town that attracts a wealth of both local custom and visitors to the area. The pub benefits from a large car park to the rear of the building and enclosed beer garden, as well as a patio to the front. Spacious internal trading space offers heaps of potential for this property, affording the ability to provide entertainment and functions underpinned by a good traditional pub food offer. We are currently looking for someone to immerse themselves within the local community and provide a great vision for the future of this pub.
Private Accommodation: The private living accommodation is a large three-bedroom flat situated above the pub; with living room, bathroom, and domestic kitchen.
Indoor trading area
The entrance takes you into a reasonable sized bar from which the front beer patio may be accessed. The back room is laid out for dining and families and the function room to the rear is not used at present but has huge potential to grow trade. The property can accommodate up to 70 covers and has recently been redecorated and refurbished throughout. The kitchen is capable of producing a pub grub type menu, suitable for a good community local.
Outdoor trading area
The extensive external trade area comprises a good-sized beer garden to the rear plus a large patio which is accessed from the bar. French doors lead out onto the paved patio which benefits from a canopy that runs the length of the building and serves as a smoking solution. There is ample outdoor seating on the patio, an area that is heavily utilised in the spring and summer months, as well as some loose children's play equipment. The well-maintained garden opens on to a private tarmac car park which has space for around 40 vehicles.
Regional Manager Comments
The Measure Inn has a large front bar area which links through to the patio, with a lounge/family room to the rear of the pub, offering so much to the local community. The property has huge potential for an individual or couple who can share the vision for the site, namely a good community pub with an excellent food offer to suit the area and business. Experience is not necessary, just a great vision and plan to provide a good quality service.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room
Approx. Total Ingoings
£12,150
Annual Rent
£12,750
Potential Turnover: £283,000 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: £12,750 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: £12,150 (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.
