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The Yew Tree, Stevenage
Key Features
- High Street location
- Substantial investment
- Premium characterful feel
- Courtyard garde
Summary
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.
Costs
Agreement Type
5 Year Tenancy
Annual Rent
£34,000
Deposit
£8,500
Tie
All beer and cider
Barrelage
170
Estimated Annual Net Turnover
£456,000 (30% food)
Advance Rent
£2,834 Net (plus insurance)
Estimated Fixtures & Fittings
£50,000 (option to be rented)
Estimated Stock & Working Capital
£12,000
Estimated Total Ingoing Costs
£65,000
Estimated Minimum Ingoing Costs
£25,000
Map
Pub Details
57 High Street,
Walkern,
Stevenage,
Hertfordshire,
SG2 7NX
Facilities
Downloads
Floor Plan EPC Certificate Enquire Now"*" indicates required fields