Property Description
Fantastic Refurbishment Planned
The Three Fiddles an attractive stone built pub on Westgate in Guisborough, a picturesque market town. Star Pubs & Bars are planning a major refurbishment with works being undertaken both internally and externally. Post works the Three Fiddles will be THE go-to Premium Local in town for residents and tourists alike. Check out the details by downloading the “Refurbishment Details” document.
The Three Fiddles is undergoing a major refurbishment, starting with an internal revamp. The trade areas will be redecorated with new carpets, repolished wood work and new tiles for the WCs. The existing lighting will be cleaned and re-bulbed. Existing fixed seating will be partly recovered and new loose furniture added where necessary.
Externally, the pub will also have a makeover. New external decorations and refurbishment of the existing signage will signal the change, as well as a full overhaul of the walled beer garden in order to maximise custom throughout the year. The refurbishment will have a transformational effect, ensuring patrons have a premium local pub with inviting atmosphere and welcoming vibes.
Tourist Town Location
The Three Fiddles is an attractive stone built pub on Westgate in Guisborough, a picturesque market town in Redcar & Cleveland. Cobbled on-street parking runs along the road to enable visitors to explore the town. With 18,000 adults within 20 minutes', there's plenty of opportunity for the pub to stand out. There is a busy circuit of pubs within walking distance but a limited number are Premium Locals up to the standard of the Three Fiddles post-refurbishment.
The great potential of this pub comes from its transformed walled garden, particularly in summer, as well as its full trade area redecoration and overhaul. A great cask range and focus on events calendar will appeal to a positive and ambitious operator who is experienced in the pub trade and knows what it takes to run a great Premium Local.
Target Customers:
When refurbished, the Three Fiddles will appeal to:
Local Residents
Tourists
Friends & Colleagues
Offer:
When refurbished, the Three Fiddles will offer:
A quality drinks range including cask ales
A simple food offer done well at a great price point
Televised sports and rhythm of the week entertainment
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 Three Fiddles will have extensive experience in a premium hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 Three Fiddles 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.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
Separate dining room
82 internal covers
58 external covers
Catering kitchen
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).
To be confirmed.
Premises License available upon request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Kitchen
Live Sports
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.
