tenancy
805 London Road, Derby DE24 8UU, UK
Approx. Total Ingoings
£10,200Annual Rent
£22,000The Navigation is a prominent public house boasting a prime location on the A6 in Derby. The pub is a community local and popular with sports fans and nearby residents. There is a traditional bar area with TV screens for sports viewing, an extensive beer garden and six letting rooms. Derby County Football stadium is located just a 4-minute drive away providing a great opportunity to maximise revenue on match days. The pub already has an established relationship with local sport fans and the new publican should look to maintain this. The business provides an excellent opportunity for either a new or experienced retailer looking to develop and expand upon the current trade including encouragement of a lunch time menu with a takeaway option to capitalise on custom during the day time.
Private Accommodation: The private accommodation comprises one bedroom, living room, bathroom and domestic kitchen. Located on the second floor of the pub, the rooms are spacious and well decorated.
Indoor trading area
Internally the Navigation Inn is well presented and decorated to a high standard. In the traditional front bar, you will find the drinkers area whilst the rear bar has the potential to offer food and has direct access to the excellent beer garden. The restaurant area can also be utilised for private functions; which have proven to be extremely popular in the past. The Navigation Inn has six budget letting rooms. One of the letting rooms comes equipped with an en-suite and the remaining five rooms have a shared bathroom. The letting rooms are frequented by local contractors to the area, which generates an extra revenue to the pub. All the rooms are well decorated and in good condition.
Outdoor trading area
To the front of the pub is a large external drinking area with picnic style benches. To the rear is a covered and decked seating area. In addition, the Navigation Inn also has a substantial garden area which is perfect for families and is regarded as the best beer garden within the local vicinity given its popularity amongst the local community.
Regional Manager Comments
Currently the Navigation Inn benefits from a strong local trade including sports teams and residents of the community. However, the potential to increase the level of custom during the day is exceptional; with around 10,000 cars passing every day there is the opportunity to provide an eat in or takeaway lunch offering with tea and coffee.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£10,200
Annual Rent
£22,000
Potential Turnover: £275,000 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.
Guide Rent: £22,000 per annum, payable weekly in advance.
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: £10,200 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, 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 and Fittings Value: £18,000 (excl VAT)
To be discussed with the Regional Manager.
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