19 Wollaton Road, Beeston, Nottingham, Nottinghamshire, NG9 2NG
Refurbished over the last 2 years, The Commercial Inn is a large well appointed site with a function suite and external terrace. There are many facets to this site that will help drive differing dwell opportunities for the varied customer base that Beeston and its surrounding areas provide.
The Commercial Inn sits within Beeston town centre, surrounded by many retail outlets including large well used supermarkets, banks and well known high street names. The Commercial Inn is a community mainstream pub and as such would benefit from an operator that will drive local activity through ties to the community, teams and local charity. Currently The Commercial Inn has an Indian food offer and whilst this attracts trade weekends and evenings, the site would hugely benefit from the introduction of a mainstream menu to drive daytime footfall. Within the 3 miles of the site there are potentially over 152,000 people, from varying cultures and nationalities, including many students attending Nottingham University. The Commercial Inn currently does not attract this very lucrative customer base.
The Commercial Inn currently has two main trading areas on the ground floor and a function room on the first floor. The main trading area is served by one bar but there are two distinct trading areas, to the left of the bar there is ample space to help drive food covers and more comfortable drinking. The area in front of the bar would be perfect to create a sports and entertainment area with pool, darts and Sky Sports. There is a good sized function room on the first floor which can be used to host private parties, weddings and live music. The kitchen is equipped to be able to service a full menu.
|Car park spaces||15|
The pub has two double bedrooms and one single bedroom. There is a bathroom, toilet, office and lounge. The private accommodation is of a reasonable standard and could easily accommodate a manager and a chef or make a good family home.
|Annual rent||£24,500 per annum|
|Weekly rent||£471.15 per week fixed|
£24,500 per annum, £471.15 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £22,300 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). *Please note the F&F is shown as a 25% deposit of the full cost due to an Assisted Purchase agreement being available for the right operator.
|Fixtures & fittings||£5,000||Working capital||£5,000|
|Other costs||£4,650||Total entry cost||£22,300|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•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||Current Volume is representative of how the site is currently operated, I would expect an increase once the retail offer is improved, by the introduction of a mainstream community offer|
Beeston is a town in Nottinghamshire, England. It is 5.5 kilometres (3.4 mi) southwest of Nottingham city centre. To the immediate northeast is the University of Nottingham's main campus, University Park. The pharmaceutical and retail chemist group Boots has its headquarters on a large campus just 1 km east of the centre of Beeston, falling on the border of Broxtowe and the City of Nottingham. To the south is the River Trent, Attenborough and its extensive wetlands. There are two main areas of Beeston: the main area, including the main shopping district, where The Commercial Inn sits and the mixed residential and industrial area of Beeston Rylands.