The Railway, Saffron Walden
Major Refurbishment Planned and 2 months rent free offered

The Railway, Saffron Walden

  • The Railway, Saffron Walden gallery image
  • The Railway, Saffron Walden gallery image
  • The Railway, Saffron Walden gallery image
  • The Railway, Saffron Walden gallery image
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Key Highlights

Two months rent free, with payment plan for fixtures and fittings.
• Attractive period pub within bustling, affluent town of Saffron Walden.
• Located minutes from the town centre.
• Prominent corner position within residential area.
• Major refurbishment planned to entice premium clientele.

Pub Overview

First opened in 1865, The Railway is something of a Saffron Walden institution and a pub close to the hearts of many in the local area. Situated in a high footfall location on the edge of the town centre, the site is ideally positioned to appeal to commuters and affluent local residents alike. Following the extensive planned refurbishment, there will be a real opportunity to attract the affluent local population by introducing a premium drinks range and a distinctive, targeted food offer. 

Suitable Applicants

This is an ideal opportunity for retailers who have the skill set to drive a premium, community, drinks-led business. The ability to introduce a relevant food offer and create engaging reasons to visit is essential. Applicants must also have a strong understanding of marketing to drive awareness of the improvements to the property and retail offer.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

Security Deposit in the region of
(paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement, or £10,000 if Ltd company

£7,125

 

Fixtures and Fittings estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. The successful applicant must reply upon the valuation provided by their appointed licensed trade valuer in relation to the actual sum to be paid.

£35,00

Stock and Glassware in the region of
(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.

£4,000

Valuers Fees in the region of
(paid to valuer) for valuing fixtures and fittings.

£800

Training Course Fees per person
(payable to Wells & Co. Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.

£550

Administration Fee in the region of
(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.

£400

Advance Rent in the region of
(usually 1 month)   

£0

Minimum Working Capital Required 

£5,000

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.

£17,875

 

Ongoing Costs

Rent in the region of
(payable monthly in advance)

£28,500 pa

Service Charge in the region of
Payable `onthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)

£1,820 pa

Accountancy Services in the region of
fees for a nominated accountant

£2,600 pa

Stocktaking Services in the region of
We recommend all licensees should have six professional stocktakes per annum

£1,560 pa

Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Major Refurbishment Planned and 2 months rent free offered
Station Road, Saffron Walden, Essex, CB11 3HQ
Destination community wet
Total Investment 15k - 20k
Potential Partner Profit 29k pa
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team