Property Description
Complete refurbishment planned
A refurbishment will turn the Barley into a premium high street pub. A chameleon venue, covering all trading occasions from breakfasts through to the early hours on the weekend.
With the installation of a large, outdoor, covered terrace with heating and lighting creating a great all-year round trading space.
What would you do with this pub to make it even more of a success?
The area
The Barley is located in the Shropshire town of Newport. Newport high street is a typical large market town centre, with a mix of pubs restaurants and local shops. It also acts as destination for many of the outlying villages in the surrounding area. 10,000 people living withing a walking distance of the pub, as well as an additional 5,000 students that are enrolled at Harper Adams University (on the edge of town) every year.
A pub business with bags of potential
The potential of the Barley lies in its ability to operate as a chameleon venue, covering all trading occasions from breakfasts through to the early hours on the weekend. The quality of the surroundings, the ability to attract a variety of customers, 127 internal covers internal and 108 external will make this pub stand out well above the competition. All we are looking for is the right operator….
When refurbished, the Barley will appeal to a very broad spectrum of customers due to its multi-income stream offer, including:
A cross section of local society from older customers looking for a quit drink or value lunch
Harper Adams students looking for a vibrant weekend venue.
Visitors to the town centre from surrounding villages
The offer
The Barley is available on our investment tenancy agreement. Click here for more information on this agreement.
When refurbished, the Barley will offer:
A wide range of draught products from traditional lagers through to craft ales.
A range of premium spirits will be supplemented by great cocktails and a fabulous wine list.
A home-cooked, traditional pub classics food menu with a variety of specials
Coffee and Wi-Fi
Weekend entertainment and DJs to maximise the night opportunity
We’re always open to new ideas, what would you do to drive trade?
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 Barley will have experience of operating high wet and food volume town centre sites. They will have a clear vision for their food & drinks menu, 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…
The Barley 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 central bar
127 internal covers
108 external covers
Commercial kitchen
Smart Dispense
Large, covered terrace with lighting and heating for outdoor trading
Operator car parking
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 consists of 3 bedrooms, a living room, kitchen, bathroom, and office. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
For the full licensing details, please refer to the premises licence.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Kitchen
Outdoor Trade
Private Accommodation
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.
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