Property Description
Extensive Refurbishment
An extensive refurbishment will transform The Horse & Jockey into a quality pub for customers to enjoy. The interior and exterior will receive major works and renovations to modernise the pub with cosy, natural finishes. The pubs kitchen will also undergo an overhaul with a new fit out. The pub will be decorated in the style of a great country pub, with some twists and nods to The Horse & Jockey name and will also pay tribute to RAF Waddington.
Externally we will be redecorating the garden, with new signage and a great rear outdoor patio area with some Birra Moretti Branded Sheds (Subject to planning) to offer a premium and quality external drinking and dining area for the warmer months.
Excellent Location
The Horse & Jockey is situated in a prime position facing the old market square, in the village centre of Waddington. With good access links, The Horse & Jockey is located just one mile away from RAF Waddington Air Base. As a result, the pub benefits from 6,600 adults living within a one-mile radius. Along with this, the pub has 30k people living within a ten-minute drive and has good Lincoln and Grantham bus links. This excellent location means that there will be a high number of visitors looking for a destinational pub to be able to relax and socialise in.
Multiple Income Streams
The Horse & Jockey has the opportunity to enjoy multiple income streams with great bar trade, a destinational food offer with approximately 138 covers, four letting rooms and a great outdoor area with decking space and a fire pit. This means the pub will be able to cater for a wide range of customers and fill a gap in the market in the area for a great pub offering quality food, attracting locals and visitors alike.
Target Customers
When refurbished, the Horse & Jockey will appeal to:
A wide range of consumers and will attract the local community looking for a great space to enjoy drinks or some traditional pub food with a warm, welcoming atmosphere.
Everyone from the surrounding community and due to its curbside appeal, should also be able to feed off the daily passing trade
Offer
When refurbished, the Horse & Jockey will offer:
Competitively priced drinks offer including draught lagers and ciders, a wine selection, and a good range of spirits.
A basic food menu
A simple coffee offer, to increase daytime trade
Live sports, with Sky & TNT, darts, dominos and should include, quizzes, charity fund raisers and live entertainment.
Experienced Operator Wanted!
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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for the pub 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 pub’s next chapter…
The Horse & Jockey will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
The private accommodation consists of two bedrooms, kitchen & bathroom and a lounge.
See premises license for full details.
Agreement Type
Investment Tenancy
Property Facilities
Kitchen
Letting Rooms
Parking
Cask Ale
Outdoor Trade
Private Accommodation
Refurbishment Planned
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
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.
MISREPRESENTATION ACT 1967
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