Pub Overview Fantastic Refurbishment Planned We will be giving the Station’s trading areas a full makeover with feature wallpapers and bric-a-brac throughout, as well as toilet re-decoration and refreshment. The bar will receive an overhaul with new wood floors. We’ll also be creating a new snug area to the rear of the pub that will fill up with light. Outside the pub, we will be improving the existing signage scheme to make it more visible and inviting. The refurbishment will transform the pub into a light, warm and welcoming space which will appeal to all groups of residents, business, and tourist visitors. It will be a community venue, where people can relax and enjoy a drink with good company in a comfortable atmosphere. Quality Pub, Quality Location. The Station Hotel is located in Ilkley, a traditional Yorkshire spa town. This quaint town offers some of the best tearooms in Yorkshire, along with interesting shops and pubs surrounded by magnificent countryside. The pub's catchment area is populated with mid to high affluent customers, making an opportunity of around 9,921 adults within 20 minutes walking distance. There is a busy circuit of craft to cocktail bars in the surrounding area, as well as a two minute walk to the railway station and bus stops. Tap into this pubs potential With a refurbished interior and garden that will attract mixed couples and groups, the Station will rise above its competitors. The warmth of the open fire, the high ceilings and the traditional Yorkshire welcome will provide your guests with a local they will love. An operator with prior experience in the pub trade, and experience in delivering a great calendar of events is best suited for this pub, which offers 61 covers and a small beer garden. Target Customers: When refurbished, the Station will appeal to a wide range of demographics, including: Students Suburban Residents Tourist Visitors Offer: When refurbished, the Station will offer: A wide drinks range, both traditional and premium Quality coffee via the new coffee machine Televised sports, rhythm of the week entertainment such as acoustic and open mic nights Features Investment Tenancy Live Sports Private Accommodation Refurbishment Planned Trading Area & Facilities The Station Hotel will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section. Please 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 & Bars, an "Investment Exemption" will be required. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016). Private Accommodation There is a very large flat providing ample sized accommodation with kitchen, living room, bathroom, and several bedrooms. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £28,798 Estimated Minimum Ingoing Costs £28,798 Annual Rent £25,192 Estimated Annual Turnover £337,703 Deposit £6,298 Estimated Fixtures & Fittings Value £15,000 Estimated Stock Valuation £4,000 Estimated Working Capital £3,500 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. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow Refurbishment Details Download arrow