Property Description
Fantastic refurbishment planned -
An impressive refurbishment will convert the Old Globe into a premium drinks-led, town centre pub with an on-trend food offer. Inside, the pub will be redecorated but in keeping with an all-new look and feel. Other upgrades throughout the pub such as refurbished and new fixed seat furniture, improved toilets and installing a new back bar will give the pub a much more premium feel.
Outside the pub, we will add covered booth seating, new festoon lighting. The entire outdoor area will receive a full redecoration, including a new wall mural. New signage will be also installed, illuminated by additional new lighting.
Community focused-
The Old Globe is located in the centre of the busy suburb of Bedminster. The pub itself is situated on the high street, which is a vibrant area full of bars, pubs and restaurants and hotels nearby. It’s an area of significant redevelopment and change, new housing, new businesses and a move away from the value led high street.
A pub business with potential-
The pub has an already established reputation. We’re building on strong foundations, taking it’s appeal to the next level and allow a new operator to build a reputation as one of the best places to meet friends, family or colleagues for a drink. The new décor, outdoor area and a welcome range of premium drinks will make this pub stand out over the competition. All we’re looking for is the right operator who understands the dynamics of a town centre pub….
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 Old Globe will have extensive experience in high street hospitality businesses. They will have a clear vision for their drinks menu, sports 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 old Globe will appeal to a very broad spectrum of customers, including:
A range of people who want a great experience with a good range of beers in a warm and comfortable environment
Town centre professionals looking for a premium pub offering a range of drinks
Offer-
When refurbished, the Old Globe will offer:
A high quality, focused range including premium beers
On-trend pub food including pizza or hot dogs and burgers
Coffees
Live sport (especially rugby) and potential for some entertainment
The Pub will be undergoing a refurbishment which will cover the Choose an item. 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
40 internal covers seated - room for vertical drinks
30 external covers
Small food prep area
SmartDispense
Exciting garden area to the back of the pub
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 Old Globe consists of Two bedrooms, Lounge area, Kitchen and Bathroom.
See full details in Premises License attached to downloads
Agreement Type
Investment Tenancy
Property Facilities
Live Sports
Cask Ale
Outdoor Trade
Private Accommodation
Refurbishment Planned
Property Financials
Additional Information
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
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
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.
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