tenancy
19 Lynn Road, Snettisham, King's Lynn, Norfolk PE31 7LW, UK
Approx. Total Ingoings
£14,250Annual Rent
£29,000The Queen Victoria is a delightful village pub, on a spacious plot, at the heart of the Snettisham community. The pub benefits from five large lettings rooms and five caravan or motorhome pitches, ideal due to the pub’s proximity to local beaches, Snettisham Park and the Queen's winter home of Sandringham. There is a large lawned garden to the rear and enclosed patio to the front so plenty of space to enjoy the sunshine. We seek a new publican or couple who can continue the growth of this fantastic pub business.
Private Accommodation: The private accommodation is in excellent condition throughout and comprises, three large double bedrooms, large lounge, spacious kitchen and bathroom with separate WC.
Indoor trading area
The main trading area is an open plan L-shape with the bar as a central focal point. The bar is situated to the right side and boasts a beautiful bay window and log fire which creates a warm and welcoming atmosphere upon arrival. The bar leads through to the area that is typically used for dining, accommodating up to 100 customers inside. The décor throughout is modern, bright and homely proving the pub has been well cared for by the out-going publicans. There is a mixture of loose and fixed wooden seating that can be re-arranged should the new publican wish. The purpose-built block of five spacious en-suite bedrooms are located to the rear of the pub. They are decorated to a good standard and are fully fitted and ready to trade. The rooms comprise one double with single, one double with two singles, one twin and two doubles.
Outdoor trading area
The pub benefits from a large beer garden which is laid to lawn, in addition there is a spacious, enclosed patio to the front right side of the pub. There are five caravan or motorhome pitches with electrical hook ups, each have purpose-built bathroom facilities and waste disposal. There is a gravel car park for 30 vehicles to the rear of the pub as well as additional parking to the front along with street parking.
Regional Manager Comments
The Queen Victoria gives a wealth of opportunity for a new publican to build on the successful trade of drinkers, diners and overnight stayers. It has built a good trade with the local community and tourists alike and is ready now for the right publican to take the pub business further.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£14,250
Annual Rent
£29,000
Potential Turnover: £406,000 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: £29,000 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: £14,250 (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: £14,000 (excl VAT)
To be discussed with the Regional Manager.
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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.
