322 Eastfield Road, Peterborough, Cambridgeshire, PE1 4RA
A well presented family friendly cavery & grill, which was completely refurbished in 2019
The Wheatsheaf is a large business focussing on live sport, pub games, and regular entertainment. With the added attraction of a family friendly carvery and grill menu you could really drive this business forward by adding more of a community feel, engaging with pool and darts teams and catering for those who would like to go out and have a quality home cooked meal in a warm and comfortable environment.
This is a large open plan site which has dedicated zones to suit different occasions. The pub benefits from an entrance from the street and the car park both leading directly to the main central L-shaped bar servery. The front of the pub towards the main road is set up for pool, darts, TV viewing and comfortable seating. Towards the rear of the pub there is dedicated seating for food service and family gatherings with a carvery counter. The central area is open, airy and has a variety of seating options which is also good for those wanting to meet for drinks. In total there are circa seventy covers that would suit food service. There are toilets at each end of the business and the pub benefits from two patio areas, one near the car park which allows for alfresco drinking and eating, the other on the opposite side of the building which also has an enclosed family garden attached to it.
The pub is situated on one of the main roads leading into Peterborough city centre. It has regular passing trade as it is on Eastfield Road which can be accessed by the dual carriageway. In surrounding areas the pub has various academies, Peterborough's University, College and also the central park further down the road. The pub is in a busy area and to maximise sales it would be beneficial to introduce weekly events to attract the locals and to keep them coming back.
The pub has an open plan trading area incorporating one main bar servery and has approx seventy covers. It has a dedicated sports area which has TV screens and pool tables. There is a small patio area on the car park side of the building which allows for alfresco drinking and eating. There is also an enclosed family garden on the opposite side of the building which has another patio area and a large grassed area for children to play. The trade kitchen is large and well equipped just waiting for an enthusiastic operator to give food a concerted effort.
|Car park spaces||25|
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.
|Annual rent||£40,000 per annum|
|Weekly rent||£769.23 per week fixed|
£40,000 per annum, £769.23 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £30,455. 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). *Fixtures & Fittings advertised as 25% deposit. The remaining balance can be rented, full cost approximately £45,000.00 subject to valuation*
|Fixtures & fittings||£11,250||Working capital||£5,000|
|Other costs||£3,000||Total entry cost||£30,455|
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||This pub has in the past been free of tie on wine and spirits.|
The pub is situated on the busy Eastfield Road just 5 minutes north east from Peterborough city centre. In the immediate vicinity is Peterborough regional college, University campus, and lots of residential property offering a large catchment of custom, with minimal competition for quite a distance. Two miles further out of town is a good sized trading estate that could provide healthy food custom at luchtime and early evening.
Current premises licence opening hours
Monday - Thursday - 11:00 - 23:30 Friday & Saturday - 11:00 - 00:30 Sunday - 12:00 - 23:30
Business Development Manager
Call the Recruitment team on 01284 714 497Apply online
“ I am seeking an experienced operator who is prepared to play their part in local community. The Wheatsheaf is a large pub situated on the busy Eastfield Road in Peterborough, which was refurbished to a very high standard internally and externally in September 2019. Following the investment, the business has been re-positioned into a family friendly carvery and grill offer with sky sports and pub games. If you are looking for your next opportunity and have what it takes, please contact the recruitment team for further information ”