341 Oxgate Lane, Neasden, Greater London, NW2 7HS
Your chance to run a prominent live music pub, serving the local community
Whelan's offers a great opportunity to run a landmark business serving a diverse community and the local workforce. The building has a striking presence and prominent corner position, together with generous trading space which has been recently refurbished to a very high standard. Internally. The pub offers excellent zoning with an ample dining room, large bar area and a games room allowing the business to cater to many different occasions simultaneously. Sport and live music together with traditional pub food underpin the current offer and preserving this model would benefit the incoming operator and should be central to your business plan.
We are currently investiagting an investment scheme for the Pub, which would include remvoing the central chimney breast, to make the venue more open plan and enable better viewing of the main stage
The pub has one long bar which is able to cope with very high volume sales during peak periods, with ample furniture to accommodate customers during quieter times. There is a good sized dining room, and a secondary raised area also suitable for dining. There is a games room with screens and a pool table to the left of the bar with plenty of space for players and fixed seating provided.
|Car park spaces||4|
|Rooms to let||7|
The upstairs accomodation is currently being used as letting accomodation. there are seven bedrooms with Ensuite facilities, a domestic self catering style kitchen and an office space. This area lends itself to flexability in relation to letting accomodation or owner accomodation.
|Annual rent||£52,000 per annum|
|Weekly rent||£1,000.00 per week fixed|
£52,000 per annum, £1,000.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £68,375.00 which includes, 25% of Fixtures & Fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is equal to 25% of head rent. Fixtures and Fittings are valued at approximately £150,000.00 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit (£37,500) on change day and weekly re payments to purchase the remaining 75% over an agreed period.
|Fixtures & fittings||£37,500||Working capital||£15,000|
|Other costs||£1,150||Total entry cost||£68,375|
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)|
Neasden is a suburban area to the north of London which benefits from excellent transport links and road access via the nearby north circular ring road. Nearby attractions include Wembley stadium and the Brent Cross shopping centre. The local community is culturally diverse and the wealth of residential property nearby houses a large population which the pub serves, together with blue collar workforce fom local light industrial businesses.
Current premises licence opening hours
Sale of Alcohol Times Mon-Thu: 08:00-01:30 Fri-Sun: 08:00-02:30
Business Development Manager
Call the Recruitment team on 01284 714 497Apply online
“ I am seeking an operator who can embrace the local culture and community, whilst successfully continuing to deliver entertainment, service and products that fit the market. The site is an excellent opportunity to run a multi-function business, serving the locals and offering a live music venue to a wider audience. If this is the opportunity you are looking for, then please contact the recruitment team for further information ”