Property Description
Fantastic opportunity at the Three Horseshoes! Our exciting refurbishment will elevate this pub to the top spot among local competitors, making it the perfect venue for your next successful venture.
What would you do with this pub to make it a success?
Situated in the picturesque village of East Leake, this pub is poised to transform into a premium local destination.
With a full refurbishment planned inside and out, including a complete redesign, new signage, and fresh decor, it will cater to the growing demand for a high-quality venue offering both food and drinks. Featuring 109 internal and 150 external covers, the pub will provide a welcoming environment for locals and visitors, with something to appeal to everyone.
The pub’s transformation will position it as a standout choice among local competitors, offering classic pub dishes, specials, a wide drinks selection, and a full rhythm of weekly events, including live music and quizzes. An experienced operator with a strong understanding of food and the local community will thrive in this space, which is perfectly tailored to the area’s medium- to high-affluence demographic and their demand for a premium, engaging pub experience.
The Three Horseshoes is available on our investment tenancy agreement. Click here for more information on this agreement.
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 Horseshoes will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, a robust rhythm of the week 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 Horseshoes 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 and dining area with bar
Separate dining room
109 internal covers
150 external covers
Catering kitchen
HEINEKEN SmartDispense
Large beer garden with covered area
Large car park
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 4 bedrooms, a living room, kitchen, and bathroom.
For the full licensing details, please refer to the premises license.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Private Accommodation
Kitchen
Outdoor Trade
Parking
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
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.
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.
