Property Description
A refurbishment project worth around £140,000 is planned to modernise this traditional community wet-led pub in a central location with strong appeal for live sports and social occasions. What would you do with this pub to make it a success?
The Area
The Keystone is located in the town of Johnstone, close to Paisley and Glasgow. The pub is surrounded by shops, food and retail outlets and mixed housing, with 3,474 adults living within a 10-minute walk time and 10,562 within a 20-minute walk time
There are a number of pubs in the immediate vicinity, and the Keystone will be one of the best post-refurbishment. The pub sits just off the main high street of Johnstone, giving it strong visibility and footfall potential
The Offer
The Keystone is available on our investment tenancy agreement. Click here to find out more about our agreements.
A full internal and external upgrade will create an updated, welcoming environment suited to all groups and wet-led occasions. The refurbishment will modernise the traditional feel of the pub and position it as a go-to venue for watching live sport, playing darts, and socialising with friends throughout the week and at weekends
We’re always open to new ideas. What would you do to drive trade?
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 Keystone will ideally have previous hospitality experience and a knowledge of Johnstone. However, we would be open to the right candidate without direct pub experience. They will have a clear vision for their drinks menu, entertainment offer and strategy for engaging the local community, helping to create memorable experiences for 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…
Main trading area with bar
Separate dining room
56 internal covers
Function room
Pool table and Dart Board
The pub has no private accommodation.
For the full licensing details, please refer to the premises license.
Agreement Type
Investment Tenancy
Property Facilities
Pub Games
Live Sports
Refurbishment Planned
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.
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