tenancy
7 Tombland, Norwich, Norfolk NR3 1HF, UK
Approx. Total Ingoings
£20,000Annual Rent
£48,000The Edith Cavell based in Norwich is a beautiful pub named after a war heroine. Situated on the corner of a cobbled street between the cathedral and Prince of Wales road, this pub could offer a variety of trading styles with a ground floor bar, first floor restaurant and second floor kitchen. The Edith Cavell has had a recent refurbishment which is evident both internally and externally and is now a hotspot for a relaxing social drink. It is vital that the new publican is able to carry on the success of this pub whilst creating new and exciting ideas that fit the environment of this historic Tombland area of Norwich.
Private Accommodation: The private accommodation is very compact and comprises of one bedroom with a bathroom and an additional room that could be utilised as a living or dining room. Although not currently used, it could suit a live-in manager
Indoor trading area
The Edith Carvel is a well-presented pub that’s recent refurbishment has made it a hotspot for passing trade. With windows wrapping around the pub it allows all customers to gaze out the windows and watch the world from a comfortable seat with a drink in hand. The navy and burgundy interior with wooden panelling, tables, and bar top creates a sophisticated look and feel to the pub which is reflected upon the customers it attracts. When entering the pub, the bar is situated in the corner providing full view and access from any of the tables on the ground floor. On the first floor of this beautiful pub is the restaurant area that is serviced by a well-equipped kitchen, situated on the second floor, however the restaurant area could also be utilised for any private functions, creating a successful additional revenue stream.
Outdoor trading area
Unfortunately, due to the location of the premises the Edith Cavell does not have any external areas for service or car parking.
Regional Manager Comments
The Edith Cavell is in excellent condition and attracts great levels of trade for drinking and dining in a very popular and busy location. Due to our successful publican moving on to large premises, Stonegate Pub Partners are excited to offer a new lease or tenancy on the Edith Cavell. We are seeking a publican to carry on the great trade at this bar and restaurant in the historic Tombland area of the city.
Retail Partnership Tenancy
Private Accommodation Kitchen Cask Ale Function Room Restaurant/Food
Approx. Total Ingoings
£20,000
Annual Rent
£48,000
Potential Turnover: £537,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £48,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £20,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 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.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £12,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
