Freelands Tavern

31 Freelands Road, Bromley, Kent, BR1 3HZ

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Pub overview

A fantastic, traditional pub in the South East of London in the town of Bromley which is well loved and cared for.

The Freelands Tavern is a traditional pub in good condition with a strong community trade. Internally there is a central U shaped bar which serves all areas of the pub, including the dining area to the left of the pub and the drinks/ sport focused area to the right.
The dining area is big enough for 30 food covers. Externally there is a garden/patio area to the rear with benches for those to enjoy a drink in the sunshine.

The pub still has room for further growth particularly with recent developments bringing more people to live in the area. We are looking for an operator, single/couple, for this pub that are able to continue the great community spirit and continue to grow the wet trade, and develop the food side of the business.

This site is fully tied with access to discounted prices on wines, spirits and minerals with also a beer discount of blended £72.

A U shaped bar services the whole of the customer area. To the right of the bar services the more sports focused side, to the left there is a dining area.

Trade space
Bars 1
Dining rooms 1
Food covers 30
Gardens 1
Trade kitchens 1
Patio areas 1

Nicely decorated and well kept private accommodation.

Private space
Private Rooms 7
Lounge 1
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1

Rent information

Annual rent £32,500 per annum
Weekly rent £625.00 per week fixed
Notes

£32,500 per annum, £625 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £33,650 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). *Please note the F&F is still to be valued and may change.

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £16,000 Working capital £5,000
Other costs £5,000 Total entry cost £33,650

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 223 5 2,495
2015/16 211 13 2,894
2014/15 223 1 2,567
Volume notes Please note that this site was tied to Beer, Cider and Minerals.

Location

Bromley is a district of south east London England, located 9.3 miles south east of Charing Cross. It is the administrative headquarters of the London Borough of Bromley, and identified as a major metropolitan centre in the London Plan. It has developed into one of a handful of regionally significant commercial and retail districts outside central London and has formed part of Greater London since 1965. Most of Bromley including the town centre falls under the BR1 postcode district

Facilities

Trade bar
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday to Thursday- 11.00-23.30 Friday to Saturday- 11.00- 00.30

Contact Us

Yvonne Fraser

Business Development Manager

Call us today 01284 714 497

Apply online
“ I am looking for an owner operator for this pub that can continue the great community spirit and continue to grow the wet trade, and develop the food side of the business. ”