Revised Offer

Cross Keys

94 Northgate, Cottingham, East Riding Yorkshire, HU16 4EH

Pub overview

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.

Trade space
Bars 1
Car park spaces 30
Dining rooms 1
Food covers 100
Gardens 1
Trade kitchens 1
Patio areas 1

The private accommodation is in good condition and comprises of 3 bedrooms, a kitchen, living room and bathroom.

Private space
Private Rooms 8
Lounge 1
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £32,500 per annum plus 7% Turnover Royalty
Notes

£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.

Brokers £675 Legal £825
Deposit £8,750 Stocktaking fees £150
Fixtures & fittings £7,500 Working capital £2,000
Other costs £1,150 Total entry cost £21,050

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 260 5,419
2015/16 271 1,672 6,459
2014/15 275 2,457 5,568
Volume notes

Location

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.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday - Wednesday 09.00-01.00 Thursday - Saturday 09.00-02.00

Contact Us

Andy Wearn

Business Development Manager

Call us today 01284 714 497

Apply online
“ The Cross Keys is a great village pub and restaurant and is situated in the Village of Cottingham, which is less than 5 miles from Hull city Centre. It's great location makes it the perfect place to drink or dine whether you are local or just passing through. An enthusiastic experienced operator with a great food back ground would really thrive in this pub! ”