94 Northgate, Cottingham, East Riding Yorkshire, HU16 4EH
Refurbished in late 2014/early 2015, this popular pub is just north of the village centre. An open plan pub that caters for drinkers and diners alike, with great eating spaces inside and out, plus a good sized commercial kitchen. *Excellent discount available on beer and cider with this agreement*
The pub has a fantastic location, facilities and great scope for the future - the potential here is huge for the right operator!
The Cross Keys is a large, open planned quality local with 100+ covers and offers a trade kitchen, large car park, beer terrace and good domestic accommodation.
This pub has great potential with separate areas for drinking and dining. It has a great traditional feel and a warm environment, everything you would want from a village pub. There is a great space for external drinking and dining too.
|Car park spaces||30|
The private accommodation is in good condition and comprises of 3 bedrooms, a kitchen, living room and bathroom.
|Annual rent||£32,500 per annum plus 7% Turnover Royalty|
£32,500 per annum, £625.00 per week fixed and subject to annual RPI increase, which is capped. Turnover royalty percentage calculated and charged weekly as long side fixed rent. Paid weekly by direct debit subject to credit check. *Machine income free of tie*
Entry costs approx 53,550 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, Schedule of Conditions, working capital and deposit (25% of head rent, minimum £6,000). Please note Fixtures & Fittings are still to be valued and an assisted purchase may be available for the right operator.
|Fixtures & fittings||£7,500||Working capital||£2,000|
|Other costs||£1,150||Total entry cost||£21,050|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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)|
Cottingham is a large village in the East Riding of Yorkshire. The Cross Keys lies 4.5 miles just to the north-west of the city of Kingston upon Hull.