Property Description
There is a refurbishment planned to transform the Cedar Tree into a refreshed premium local for the Bagshot community. What would you do with this pub to make it a success?
About the area
The Cedar Tree is located in the heart of Bagshot town centre, Surrey, with excellent visibility from the A30 and the benefit of both footfall and passing driving trade. The area has 3,343 adults within a 10-minute walk, with a predominantly middle to high affluence customer base.
The pub is one of only a handful of pubs in the area, with two pub competitors and one Miller & Carter restaurant nearby. Following refurbishment, the pub will be repositioned as a premium local, appealing to the local community with a quality drinks range, traditional pub food, coffee, entertainment and a refreshed look and feel throughout.
The offer
The Cedar Tree is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the ‘Refurbishment Details’ section for details of the investment being made.
Who we’re looking for
The right person for this pub could come from a range of backgrounds, but food experience would be a real advantage.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the Cedar Tree will have experience in premium local pubs with a strong food offer. They will have a clear vision for the traditional food menu, premium drinks range, events programme and marketing strategy, creating a memorable experience for local customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
The refurbishment will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.
The pub’s trading area and facilities post refurbishment will be:
External redecoration
New external signage and lighting
New front entrance step
New side entrance ramp from the car park
Overhauled ground floor windows and doors
New entrance matting
New engineered oak flooring throughout
Retained front bar section
Overhauled undercounter shelving
Decorated existing bar servery and backfitting
Refreshed toilets
Kitchen and cellar wall and floor repairs
Domestic accommodation updates
67 internal covers
72 external covers
Traditional pub food offer
Premium drinks range
Live music
Live sport
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation is included with the pub.
Premises licence available on request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Kitchen
Live Sports
Parking
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
