Property Description
The Lord Nelson Hotel is a popular community pub situated in a residential area near to the University of Hull. It is a characterful venue and well supported by the local residents. The area has a mixed age group and includes local families and students from the University nearby, which provides the operator with an opportunity to build an exciting and enticing offer.
The Lord Nelson Hotel is known for it's fundraising events, support of local rugby teams and hosting local boxing club events.
It has a large function area, with its own private bar making it perfect for all group occasions which offers an excellent opportunity to expand on events and provide an additional income stream. The pub is popular for Live Sports, entertainment and pub games, including Pool and Darts. Currently there is no food offer.
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
Understanding of the local community
You know what it takes to build a successful business
You love hospitality and are great with 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 Lord Nelson Hotel has a traditional pub interior which is full of character, with natural finishes in wood and exposed stone wall giving it a welcoming feel. The layout consists of 3 areas, the public bar, function room and games room. The public bar is open plan and has a galley type bar as the focal point. The function room is good size and perfect for a variety of group occasions. The games room features a pool table and hatch access to the bar.
Externally the pub has a traditional community pub appearance with bold signage. There is parking to the front and side, along with some picnic benches to help make the most of the summer months.
The private accommodation is of a good standard, suitable for a family. It consists of 3 bedrooms, kitchen diner , bathroom, office and large lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
For full licensing details, please refer to the premises license.
Agreement Type
Foundation Tenancy
Property Facilities
Function Room
Live Sports
Pub Games
Parking
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.
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.
