North Road, Stevenage, Hertfordshire, SG1 4BS
Pubs like this do not come along every day!
The Granby is located in a strong position yards from Stevenage Lister Hospital, a 730 bed general hospital serving the East & North Herts NHS Trust. This is a great opportunity to run a site famous for food, functions, locals and sports as well as regular events. There is so much opportunity for growth here.
The site has one large bar, and has a natural split between the bar and the dining / function area. There is a large car park (35 cars), a beer garden and patio. Coupled with a good trade kitchen and a layout which lends itself to functions and dining, as well as one off events, this really is a one off opportunity. There is great potential to develop this site in the near future with the right candidate.
Legend has it that the site may well have been the final resting place of Captain Robert Redmill, originally from Stamford in Lincolnshire, who helmed HMS Polyphemus at Trafalgar in 1805. Captain Redmill lived in Saunders Green from 1807 until his death in 1819. The exact location of his grave at the town’s St Nicholas Church has been lost over the years, and Club 1805 – an organisation dedicated to conserving memorials to naval heroes of the Georgian era – wanted to track it down. They settled on the Granby – previously known as the Marquis of Granby, and named like many pubs in honour of the British commander in chief in the 18th century Seven Years’ War – as the site of Redmill’s home after piecing together hints from a wide variety of sources. As far as we know, he hasn't been spotted enjoying the selection of cask ale and extensive range on offer!
The trade area has the potential for development, which we would look at with the successful operators.
|Car park spaces||35|
The private accommodation is a basic standard
|Annual rent||£51,000 per annum|
|Weekly rent||£980.77 per week fixed|
£51,000 per annum, £980.77 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £25,650 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, F&F is advertised as a 25% deposit, full cost is approximately £25,000.*
|Fixtures & fittings||£5,000||Working capital||£5,000|
|Other costs||£8,000||Total entry cost||£25,650|
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)|
Stevenage is a large town and borough in Hertfordshire, England. Roughly 28 miles North of central London as the crow flies. Stevenage is situated to the east of junctions 7 and 8 of the A1(M), and is between Letchworth Garden City to the north, and Welwyn Garden City to the south. On 1 August 1946, Stevenage was designated the United Kingdom's first New Town under the New Towns Act.
Popular with commuters, Stevenage continues to grow and housing is expanding.
The Granby is opposite Lister Hospital.