Property Description
A fabulous refurbishment will transform The Moat House into a premium drink-led, town centre pub that is full of style. Inside, the pub will be redecorated throughout the whole ground floor. Other upgrades throughout the pub such as a full refurbishment of the first floor as well as the male & female toilets. This will encourage greater sales and give the pub a completely new look and feel.
Outside, we will be upgrading the pub with a redecoration and beautiful new signage that will appeal to a wider range of consumers with its new look and feel.
In the heart of the town
The Moat House is in the heart of Taunton town centre, just off Castle Way Square. This is a hot spot for hospitality venues. There is ample space and a perfect spot for customers during the summer months. Many people work in the city and flock to the city for nights out. Being in the town, there are several nearby venues, however, the vision for the Moat House sits in a prominent position and also benefits from being located close to a circuit of great pubs that already bring in a great trade to the area.
Potential
The pub already has an established trade. We believe that this refurbishment will set Moat House above the local competition with it stylish décor. With 85 covers, a late license and great promotions and music, it’ll be the bar of choice. The look and feel are different from anything in the immediate vicinity and the range of cocktails and craft beers will also make a great point of difference in the immediate vicinity.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the The Moat House will have extensive experience in high street hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Target customers:
When refurbished, The Moat House will appeal to:
Generally younger people coming for a night out
Professionals finishing work for a drink and relaxing evening time
Customers looking for a stylish venue to enjoy live music or entertainment
Offer:
When refurbished, The Moat House will offer:
A high quality, focused range of drinks focusing on cocktails and craft beers
A great selection of premium on-trend snacks to appeal to the after-work crowds that are in late afternoon while they enjoy a few drinks
Entertainment as part of the rhythm of the week, such as DJs, live music and a great sound system.
The Moat House will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
1st floor drinking area with darts
SmartDispense
Pavement trading area (subject to license)
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation at the Moat House consists of three bedrooms, a lounge and kitchen.
See attached Pemises Licence for full details
Agreement Type
Investment Tenancy
Property Facilities
Private Accommodation
Refurbishment Planned
Live Music
Cask Ale
Outdoor Trade
Pub Games
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
