King William IV
82 London Road, Shenley, Radlett, Hertfordshire, WD7 9DX
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.
|Car park spaces||25|
|Child play areas||1|
General upgrading required throughout. Possible assistance for the right applicant.
|Annual rent||£22,500.00 per annum|
|Weekly rent||£432.69 per week fixed|
£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*
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.
|Fixtures & fittings||£10,000.00||Working capital||£5,000.00|
|Other costs||£8,000.00||Total entry cost||£30,650.00|
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)|
Affluent village close to St Albans, Radlett, Borehamwood & Barnet. M25, Arsenal & Watfords training grounds are just 5 minutes away.