Investment Planned

Wheatsheaf

322 Eastfield Road, Peterborough, Cambridgeshire, PE1 4RA

Pub overview

Investment Planned* £144 blended off invoice discount available on draught beer and cider* Estimated operator machine income - £27,000 per annum* 70 Covers* Large Beer garden* Separate patio area* Next to busy main road* Next to local college* Good trade kitchen

The Wheatsheaf is currently trading as a value wet led business and an investment is planned to help improve the environment and to enhance the offer, allowing it to trade as a good mainstream pub which caters for everyone. This will allow the pub to cater for those who want to watch live sport, play pub games, pool , darts and for those who would like to go out and have a nice home cooked meal in a nice comfortable environment.

The pub has an open plan trading area incorporating one main bar servery and has approx 70 covers. It has a dedicated sports area which has TV screens and a pool table. There is a small patio area on the car park side of the building which allows for alfresco drinking and eating. There is also a beer garden on the opposite side of the building which has another patio area and a large grassed area for children to play.

Trade space
Bars 1
Car park spaces 25
Dining rooms 1
Food covers 70
Gardens 1
Trade kitchens 1
Patio areas 2

The private accommodation is large and has a separate entrance so you do not have to go through the pub for access. It also has its own enclosed yard.

Private space
Private Rooms 8
Lounge 1
Double bedrooms 3
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £35,000 per annum
Weekly rent £673.08 per week fixed
Notes

£35,000 per annum, £673.07 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 £15,650.00 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). *Fixtures & Fittings to be valued.*

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings TBC Working capital £5,000
Other costs £3,000 Total entry cost £15,650

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
•Free of tie Machines
•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)
2016/17 201 420 4,597
2015/16 247 9 2,758
2014/15 289 109 1,043
Volume notes This pub has previously been free of tie for Wines and Spirits

Location

Situated on the busy Eastfield Road.
Next to the local college
Ten minutes from the town centre

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday - Thursday - 11:00 - 23:30 Friday & Saturday - 11:00 - 00:30 Sunday - 12:00 - 23:30

Contact Us

Steve Look

Business Development Manager

Call us today 01284 714 497

Apply online
“ INVESTMENT PLANNED The Wheatsheaf is situated on the busy Eastfield Road in Peterborough. It benefits from a large footfall and the pub has parking for approx. 25 cars and a large beer garden which has a grassed area and a patio area. It has a good trade kitchen that caters for approx 70 covers. The private accommodation is large and has 3 double bedrooms and a separate entrance. ”