Burrell Road, Ipswich, Suffolk, IP2 8AJ
The Station Hotel is located opposite Ipswich Train Station and within close proximity to Ipswich Town FC. Following a successful pub refurbishment in 2016 we are now looking to invest in the 14 letting rooms above the pub.
The Station Hotel consists of 14 letting rooms which are currently closed pending investment. The pub has a large open plan trading area and a basement bar overlooking the River Orwell. With its own parking for 10 vehicles the hotel is well served to offer tourist, commuters and supporters and is a great place to visit whilst traveling to this historic Suffolk Town. The hotel trade space has undergone a full period of refurbishment within the past few years; however there is still scope to add to this with potential to upgrade the letting rooms and the basement bar area/terrace.
The main trading area is a refurbished open plan space. There is a central island bar which offers views of the River and Ipswich Town FC stadium. This also contains a large feature fireplace and modern contemporary décor. Accessed from street level directly opposite the Train Station.
|Car park spaces||10|
|Rooms to let||14|
The private accommodation is in good condition.
|Annual rent||£35,000 per annum|
|Weekly rent||£673.08 per week fixed|
£35,000.00 per annum, £673.08 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £37,650 which includes 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 an assisted purchase may be available for the right operator so the F&F costs could be reduced to £5,000*
|Fixtures & fittings||£20,000||Working capital||£5,000|
|Other costs||£5,000||Total entry cost||£37,650|
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)|
Ipswich is the county town of Suffolk, England, located on the estuary of the River Orwell, about 60 miles north east of London. The town has been continuously occupied since the Saxon period, and its port has been one of England's most important for the whole of its history. With its great links to the A12 and A14 in addition to some large retail parks nearby, the Station Hotel offers an opportunity to capitalise on the large number of visitors to this area.