Under Offer

King William IV

82 London Road, Shenley, Radlett, Hertfordshire, WD7 9DX

Pub overview

Business Opportunity with possible investment for the right applicant.

Located in the heart of the village, surrounded by a good number of local amenities, this pub benefits from good roadside frontage and a one bar operation with front terrace, rear garden and car parking for approx. 20 cars. There is an opportunity to really get involved in the local community and to develop the kitchen in order to introduce a food offer that attracts local customers and puts this pub at the heart of the community.

Good sized one bar operation with substantial rear beer garden and front patio area. Kitchen upgrade required for food offer.

Trade space
Bars 1
Car park spaces 25
Child play areas 1
Food covers 50
Gardens 1
Patio areas 1

General upgrading required throughout. Possible assistance for the right applicant.

Private space
Private Rooms 8
Lounge 1
Double bedrooms 4
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £22,500.00 per annum
Weekly rent £432.69 per week fixed
Notes

£22,500 per annum, £432.69 per week fixed and subject to annual RPI increase, which is capped.  Paid weekly by direct debit. *Machine Income free of tie*
Rent is assessed at a blended £108 per brewery barrel discount. FOT on wines, spirits & machines.

Entry Costs approx £30,650 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). Other costs include stock at valuation, training fees, rent in advance. F&F assisted purchase may be considered for the right applicant.

Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £10,000.00 Working capital £5,000.00
Other costs £8,000.00 Total entry cost £30,650.00

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)
2015/16 128 103 1,554
2014/15 176 188 1,906
2013/14 164 225 2,116
Volume notes

Location

Affluent village close to St Albans, Radlett, Borehamwood & Barnet. M25, Arsenal & Watfords training grounds are just 5 minutes away.

Facilities

Trade bar
Car park
Play area
Pub garden
Trade patio

Current premises licence opening hours

Mon to Sun 11:00 - 00:30

Contact Us

Mick Sheridan

Business Development Manager

Call us today 0845 607 5330

Apply online
“ Located in the heart of the affluent village of Shenley with busy towns of St Albans, Radlett & Borehamwood nearby. Shenley enjoys the benefits of a busy community life through its churches, shops, light industrial units, offices, school & nursing home. ”