Pub Tenancy

McMullens Tenancies

StevenageAnnual Rent £34,000Full time

The Yew Tree, Walkern

Key Features

  • High Street location
  • Substantial investment
  • Premium characterful feel
  • Courtyard garden

The Yew Tree is a lovely character property, situated on the high street of Walkern a quaint village 2 miles from Stevenage. We will be investing heavily to bring this community led local back to it’s best. The investment will include some movement internally to increase covers to 60+, which will involve fixed booth style seating alongside your conventional pub drinking and dining. We will be adding a courtyard garden with covered seating which will provide 40+ external covers, dramatically improving trade throughout the early spring and summer months. With circa 50,000 adults within a 3-mile radius of The Yew Tree, it has a brilliant opportunity to excel as a busy premium local pub providing quality pub classics and an extensive drinks range for locals and destination diners. We would fully expect to see an enticing events calendar to compliment the drinking and dining experience to maximise the full trading potential of the site post investment. On the 1st Floor there is a 3 bedroom flat including a living/dining room, kitchen, bathroom and separate WC.

The Details

Agreement Type – 5 Year Tenancy

Annual Rent - £34,000

Deposit - £8,500

Barrelage – 170 BBrls

Tie – All beer and cider

Estimated Annual Net Turnover - £456,000 (30% food)

Estimated Fixtures & Fittings - £50,000 (option to be rented)

Advance Rent - £2,834 Net (plus insurance)

Working Capital Inc Stock - £12,000

Estimated Total Ingoing Costs - £65,000

Estimated Minimum Ingoing Costs - £25,000