6A Princes Avenue, Hull, North Yorkshire, HU5 3QA
Pearsons is a fantastic opportunity for a skilled pub operator. Benefitting from a corner location on two main roads. The pub is perfectly positioned to showcase a great food and drink offer both in the week and at weekends.
During the week there is an opportunity to expand the food offer as the area attracts many people looking for meals at lunch time and in the evening. Over the weekend Pearson's becomes a destination venue for customers on a night out, with DJs and live sports attracting many people to the pub. The site is very close to the KCOM Stadium so showing all the major sporting events on the large screen TV's is critical. This stylish pub has a large bar area with dining located around the pub and also benefits from a car park with 30 spaces.
We are looking for an experienced operator that can further develop the food offer during the week and continue to maximise the weekend trade. The Pearsons is also known for its entertainment where there is an event or offer happening each day of the week, in order to develop the trade during the week, it is essential that we keep this pubs reputation.
The interior consists of several areas, some raised, some open and with some intimate booths. The site benefits from a large bar area and dining situated all around the pub. There is a large car park for those visiting and a garden area also.
|Car park spaces||30|
This site has a rare opportunity where the private accommodation is split into two flats, both with separate access.
|Annual rent||£27,500 per annum|
|Weekly rent||£528.85 per week fixed|
£27,500 per annum, £529.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £21,300 which includes fixtures and fittings, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note that the F&F and stock are still to be valued so may not reflect an accurate cost (stock has not been included).
|Fixtures & fittings||£7,500||Working capital||£5,000|
|Other costs||£1,150||Total entry cost||£21,300|
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)|
|Volume notes||Please note that in the past this site has not been tied on wine and spirits.|
Hull is a port city in the East Riding of Yorkshire, with the pub situated on the popular Princes Avenue. The pub benefits from lots of local and passing trade but also needs to compete with other businesses in the area. The pub is located very close to Hulls KCOM Stadium which supports football, rugby, concerts, etc, so the pub receives regular trade from people visiting the large events.