Burrell Road, Ipswich, Suffolk, IP2 8AJ
The Station Hotel is located opposite Ipswich Train Station and within close proximity to Ipswich Town FC. This large building is currently frequented by commuters and supporters that are looking for a good value offer in a relaxed clean environment.
The Station Hotel consists of 14 letting rooms, a large open plan trade area and a basement bar overlooking the River Orwell. With its own parking for c10 vehicles the Hotel is well served to offer tourist, commuters and supporters 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||£38,750 per annum plus 9.5% Turnover Royalty|
£38,750.00 per annum, £745.19 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £31,809 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 and the F&F costs are shown as a 25% deposit and full cost is approx. £20,635*
|Fixtures & fittings||£5,159||Working capital||£5,000|
|Other costs||£14,000||Total entry cost||£31,809|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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. Ipswich is a non-metropolitan district. The urban development of Ipswich overspills the borough boundaries significantly, with 75% of the town's population living within the borough at the time of the 2011 Census, when it was the fourth-largest urban area in the United Kingdom's East of England region, and the 42nd-largest urban area in England and Wales. 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.