STREET INN STREET Street Inn, 1-3 Somerton Road, Street, Somerset, BA16 0DR
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STREET INN STREET Street Inn, 1-3 Somerton Road, Street, Somerset, BA16 0DR At a glance Your agreement: Retail Partnership Tenancy Potential turnover: £406,000 Guide Rent: £34,000 per annum • The Regional Manager is open to rent discussion with the right publican • Located in a prominent position, with a secluded and attractive patio and garden with children's play equipment • Recently refurbished to a high standard • Enjoys excellent levels of trade from a mix of great home cooked food, sports and skittles • Skittle alley has a strong following and doubles up as a function room To talk to someone about Overview of Street Inn this opportunity or for any general enquiries call or The Street Inn is situated in the town of Street, which is well-known as the home email the recruitment of Clarks Shoes and the retail outlet shopping centre Clarks Village. The pub is in a prominent position and is built of local stone and was completely refurbished to team on: a high standard a few years ago. Enjoying excellent levels of trade from a mix of great home cooked food, sports and skittles, it is only available now due to a change in personal circumstances. There is an enclosed trade patio and garden 03333 20 00 36 to the rear, a skittle alley, an indoor and outdoor children’s play area, and a large car park, adding multiple facets to this great and successful establishment. We [email protected] are seeking a well-rounded, experienced publican to drive this business forward and willing to discuss the annual rent with the right publican. For enquiries, call or email the team on: 03333 20 00 36 [email protected] Regional Manager's thoughts on Street Inn Key features The Street Inn is a great local with both wet and food trade, with five skittles teams currently basing themselves at the pub. There is opportunity to build the business by developing wet sales through the outside drinking areas, and at the ü Cask Ale same time grow the already established food trade. With a pool table in place, there is scope to host pool teams. This business would suit an experienced publican who enjoys a vibrant environment alongside the beautiful Somerset ü Trade Kitchen countryside. Chet Greenslade, Regional Manager ü Live Music Indoor trading area ü Parking The pub is generally in very good condition and excellent presented throughout. The décor is blue in theme and presents itself as attractive and colourful. There are two bars and a pool room perfect for the various teams which frequent the ü Children's Play Area establishment. The lounge bar seats up to 50 people and has an attractive inglenook fireplace. The public bar is popular for pub sports and the separate pool room is not cut off from the main bar making it popular with locals and ü Beer Garden teams. Both servery’s are fully functional and host a number of cask ale pumps and international keg brands. With regular music and live entertainment nights Pub Games there are many aspects to the business which can be built upon. A well-equipped ü kitchen was refitted with new equipment a few years ago and is sufficient for delivering good quality food. A skittle alley which has a strong following can also ü Function Room double up as a function room. Outdoor trading area 6 Private Bedrooms The secluded and attractive patio and garden is located to the rear of the property, complete with a number of garden benches and tables. It is a sun trap in the warmer months and very popular among customers to enjoy a beverage in the sun. A very large car park has space for 40 vehicles. Location Street has a population of over Your living accommodation 12,000 people and also enjoys accommodating a large number of Very spacious private accomodation in excellent order throughout visitors to the Clarks Outlet Village. It is situated on a dry spot Our proposed agreement - Tenancy in the Somerset Levels, at the end of the Polden Hills, two miles Potential turnover south-west of Glastonbury. The town is situated on the A39 road £406,000 per annum which runs from Bath to Cornwall, This is our estimate of the potential annual turnover of the pub business. It does and the A361. The Street Inn is not include the financial benefits of any living accommodation, which you will located in the centre near all the need to consider. amenities and on the way into the town from the A39. Partnership terms Guide Rent: £34,000 per annum, payable weekly in advance. Based on discount scheme PARTNERSHIP BAND G. Local competition Bear Inn, High Street, Street, The proposed agreement: Retail Partnership Tenancy BA16 0EF (0.09 mi) Key terms available online here Lantokay, High Street, Street, BA16 0EY (0.39 mi) We will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Two Brewers, Leigh Road, Tie release fees will apply. Street, BA16 0HB (0.43 mi) Elms Inn, Somerton Road, Street, BA16 0SA (0.63 mi) Brewers Fayre, Morland Road, Glastonbury, BA6 9FW (0.68 mi) For enquiries, call or email the team on: 03333 20 00 36 [email protected] Estimated capital start-up £21,500 (excl VAT) Often referred to as ingoing costs. Includes stock & glassware at valuation, cash float and a deposit (calculated as 25% of £34,000), refundable at the end of your agreement dependent on your account being in good order. Up to two weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent. Estimated fixtures & fitting value £18,000 (excl VAT) To be discussed with the Regional Manager Rateable value £23,800 - For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search Uniform Business Rate April 2018 49.3p (England) 51.4p (Wales). To establish the rate payable, please contact the relevant Local Authority. For enquiries, call or email the team on: 03333 20 00 36 [email protected].