under offer
under offer
tenancy
20 Bondgate, Otley LS21 1AD, UK
Approx. Total Ingoings
£10,250Annual Rent
£13,000The Rose & Crown enjoys a prominent position on a crossroads in the market town of Otley, and as such benefits from a huge volume of passing traffic and pedestrian trade. With thick walls and low beams, the pub retains much of its character from its construction in the 1700’s. With an open plan trading space, the pub is traditionally decorated throughout and a long bar services all areas. The compact commercial kitchen currently supports a traditional menu and the ingoing publican can develop this arm of the business to make the pub one of the go-to destinations in town. The opportunity at the Rose & Crown is huge, and this site would suit an ambitious new starter or an experienced publican who can exploit all aspects of this historic inn.
Private Accommodation: The living accommodation is well presented and complete with two bedrooms, a lounge, kitchen and bathroom.
Indoor trading area
With exposed stone walls, wooden beams and stained glass, the traditional mixture of fixed and loose furniture complements the interior and creates a cosy environment in which to relax. The open plan layout means the pub can be enjoyed by a range of customers simultaneously. A main bar area is popular with drinkers whilst the lounge is used to seat diners. Accessed from both areas, the large bar servery hosts a range of cask ales and international brands and there is space for merchandising too. The trade kitchen is capable of supporting a pub food menu.
Outdoor trading area
With great kerb appeal, trade can be attracted by instigating high retail standards to ensure the pub is a pleasing sight. The heated beer garden is accessed from the indoor trading space and doubles up as the smoking solution. Lockable outbuildings with mains electricity provide a good chance for an entrepreneurial publican to develop an additional revenue stream.
Regional Manager Comments
The Rose & Crown possesses a fantastic position in the town centre of Otley and as such, profits from a great volume of passing trade. With a charming stone frontage and visibility from two sides, the pub has a great presence and I am keen to speak to entrepreneurs who can grow the business by perfecting the pub food menu whilst maintaining a strong wet trade. This site is suitable for a new or experienced publican.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Cask Ale
Approx. Total Ingoings
£10,250
Annual Rent
£13,000
Potential Turnover: £216,000 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: £13,000 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: £10,250 (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: £0 (excl VAT)
To be discussed with the Regional Manager.
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.
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.
