tenancy
Ward's End, Loughborough LE11 3HA, UK
Approx. Total Ingoings
£44,000Annual Rent
£79,000The Kelso has mainly been run as a late night venue, with DJs three nights a week. There are two bars; the main one on the street level, the second upstairs and links to the roof terrace. This could be used as part of normal trading area at the weekends or for private parties, for group bookings and organisations. The upstairs bar has a number of different sections that could be used as private or VIP areas.
Located on Ward's Ends, in the heart of Loughborough's night time scene. Close to the the Jam Garden, JD Wetherspoons "The Moon & Bell" and many other pubs and restaurants. The Kelso is less than a mile from Loughborough University main Campus, and is near to large amount of student accommodation.
• The property is on three levels, with trading areas on the first two floors
• Office and staff room but there is currently is no private accommodation
• Good size cellar and spirits lockup area, a good space (previous kitchen), which houses a glasswasher and large ice machine
The Kelso deserves an astute and experienced nighttime operator who can get the venue back to its full potential following the pandemic. An understanding of both the local music scene and customer base will be key to ensuring a safe, dynamic and desirable experience for guests and staff alike.
3 year fixed term or renewable tenancy
Live Music Function Room
Approx. Total Ingoings
£44,000
Annual Rent
£79,000
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
APPROXIMATE TOTAL £44,000
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.
Security Deposit: £19,750
Stock and Glassware: £6,000
Valuers Fees: £800
Training Course Fees: £500 per person NB £800 for two people
Administration Fee: £400
Advance Rent: £6583
Working Capital: £10,000
Fixtures and Fittings: £20,000
MISREPRESENTATION ACT 1967
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Over 140 years of brewing expertise has helped grow a small family business in Bedford into one of the UK’s most respected pub companies and brewers with a pub portfolio of nearly 200 pubs across the UK including 17 pubs in France. We take great pride in our heritage, still promoting the same values as our founder Charles Wells to this day, focusing on quality and innovation but keeping our consumers at the heart of everything we do. Although the company continues to evolve, we still remain a family business with the Wells family firmly at the helm.
