Property Description
Fantastic Refurbishment Planned!
We will be giving the Station’s trading areas a full makeover with feature wallpapers and bric-a-brac throughout, as well as toilet re-decoration and refreshment. The bar will receive an overhaul with new wood floors. We’ll also be creating a new snug area to the rear of the pub that will fill up with light.
Outside the pub, we will be improving the existing signage scheme to make it more visible and inviting. The refurbishment will transform the pub into a light, warm and welcoming space which will appeal to all groups of residents, business, and tourist visitors. It will be a community venue, where people can relax and enjoy a drink with good company in a comfortable atmosphere.
Quality Pub, Quality Location.
The Station Hotel is located in Ilkley, a traditional Yorkshire spa town. This quaint town offers some of the best tearooms in Yorkshire, along with interesting shops and pubs surrounded by magnificent countryside. The pub's catchment area is populated with mid to high affluent customers, making an opportunity of around 9,921 adults within 20 minutes walking distance. There is a busy circuit of craft to cocktail bars in the surrounding area, as well as a two minute walk to the railway station and bus stops.
Tap into this pubs potential!
With a refurbished interior and garden that will attract mixed couples and groups, the Station will rise above its competitors. The warmth of the open fire, the high ceilings and the traditional Yorkshire welcome will provide your guests with a local they will love. An operator with prior experience in the pub trade, and experience in delivering a great calendar of events is best suited for this pub, which offers 61 covers and a small beer garden.
Target Customers:
When refurbished, the Station will appeal to a wide range of demographics, including:
Students
Suburban Residents
Tourist Visitors
Offer:
When refurbished, the Station will offer:
A wide drinks range, both traditional and premium
Quality coffee via the new coffee machine
Televised sports, rhythm of the week entertainment such as acoustic and open mic nights
The Station Hotel 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).
There is a very large flat providing ample sized accommodation with kitchen, living room, bathroom, and several bedrooms.
Premises License available upon request
Agreement Type
Investment Tenancy
Property Facilities
Live Sports
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.
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.
