tenancy
Drewsteignton, Exeter, Devon EX6 6QN, UK
Approx. Total Ingoings
£14,000Annual Rent
£22,000The Drewe Arms is a substantial two-storey thatched listed building, with a painted render finish, extensions to the rear and with further out buildings within the grounds. The property retains its charm and character, with flagstones floors, low ceilings, wooden beams and exposed stone walls. The pub is traditionally decorated throughout and comprises a mixture of loose and fixed wooden seating, accommodating up to 200 covers throughout the pubs many areas.
Letting Accommodation: There are two en-suite letting rooms that are in great condition.
Private Accommodation: The private accommodation comprises three double bedrooms, a lounge, dining room, kitchen, bathroom, landing office and a laundry room.
The internal trading area is substantial with the main bar area on the left hand side as you enter through the main entrance. There are three dining rooms seating 65 covers in total, all full of character with painted stone walls, low ceilings and exposed wooden beams. The function room has its own bar and toilets and will comfortably accommodate approx. 100 diners and is licensed for 250 people. The pub is served by a good sized, fully fitted trade kitchen. The letting accommodation comprises two double, en-suite rooms with four-poster beds and tea and coffee making facilities. There is also a further building to the rear of the pub which consists of five separate rooms with 20 bunk beds in total and includes shower and bathroom facilities.
To the rear of the property and adjacent to the function room, is a central courtyard with banqueting furniture, which has previously been used for weddings and ceremonies. There is also an attractive beer garden which can accommodate up to a further 120 covers, with views across the surrounding countryside and a car park with space for 12 vehicles.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Letting Rooms Restaurant/Food
Approx. Total Ingoings
£14,000
Annual Rent
£22,000
Potential Turnover: £318,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £22,000 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND H
The proposed agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up: £14,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £22,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated fixtures & fitting value: £15,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value: £19,000
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
