Market Street, Newmarket, Suffolk, CB8 8EE
A great opportunity to re-establish this historic pub into the best pub in town.
The Bushel has one of the best locations in Newmarket, and is packed with potential. Currently split into two separate trading areas,one being the lively town bar with TV screens and traditional pub games, and the other acting predominantly as a dining space for daytime shoppers and OAPs looking for good value pub food, and then poker and darts groups in the evenings. It is very traditional in style, and packed with character and history. There is also a good sized trade kitchen with access to both trade spaces. The pub also thrives when the sun comes out, as the patio terrace area is one of the best in the town centre.
This pub is a great opportunity, and will only get better. There is a refurbishment planned for the very near future which will help to transform this pub back to its rightful place as the place to go for a drink in the town.
One good sized L-shaped main bar area with long main bar, and toilets off. Separate L-shaped dining room with own small bar, and own entrance. Access to kitchen from both sides. Gents and ladies toilets accessed from both trade areas. Generous sized trade kitchen has access to both sides of the pub. There is also a good sized patio outside the main entrance of the pub, and a covered smoking area at the rear of the property.
The tenant accommodation is directly above the trade area, and has its own separate entrance from outside the pub. It is a reasonable size, and could happily fit a small family, or be really comfortable for a couple.
|Annual rent||£32,000 per annum|
|Weekly rent||£615.38 per week fixed|
£32,000 per annum, £615.38 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £24,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£8,000||Working capital||£5,000|
|Other costs||£4,150||Total entry cost||£24,800|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||The pub has been free of tie on wines, spirits and minerals for the last few years, so the indicated volume might not represent the entire volume on which to base any business plans.|
Right in the heart of Newmarket town centre amongst other retail and hospitality outlets, this site has a prime position to drive footfall and new custom. Surrounded by town centre car parks, pedestrianized areas and the bustling high street. Newmarket itself is a good quality town with a massive racing presence, and a number of major events driven by this.