tenancy
139 Wellsway, Bath BA2 4RY, UK
Approx. Total Ingoings
£11,200Annual Rent
£17,000The Devonshire Arms is a classic community pub, with the rare feature of an open skittle alley in the bar. The traditional pub has a separate bar and lounge, two outside drinking spaces, a medium sized trade kitchen and upstairs snooker hall with full sized tables. Fully integrated into the local community, this pub has a strong games offering and is well supported by skittles and pool teams, as well as several local groups, and catering for local parties and functions. Situated in a busy local community this pub has easy access to Bath City Centre, on only a 10-minute bus ride, attracting a tremendous amount of passing trade. We are looking for an experienced publican with the knowledge and skills to drive this pub business forward.
Private Accommodation: There is a well presented three-bedroom house, with lounge, kitchen and bathroom. The accommodation also features a small separately accessed manager flat.
Large locals' sports bar with integrated skittle alley , separate lounge for eating/functions, upstairs snooker hall.
This pub offers a compact external outside seating to the rear of the pub, with four benches and an additional seated area to the front of the pub, accessed via the bar. This area is aesthetically pleasing to the eye through the array of greenery and lights. The right publican has the opportunity to extend the outdoor offering to the larger outside space which could be developed for either drinking or dining, in the summery months.
Retail Partnership Tenancy
Beer Garden Private Accommodation Parking Cask Ale
Approx. Total Ingoings
£11,200
Annual Rent
£17,000
Potential Turnover: £351,000.00 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: £17,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND F
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £28,000.00 per annum.
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: £11,200.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £17,000.00), 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: £12,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value: £18,600
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.
