Pub Overview Refurbished country pub with food focus in Hannington. The Vine offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. What would you do with this pub to make it even more of a success? The area: The pub benefits from being the only pub in Hannington, a small affluent village near Basingstoke, with around 500 people within a 10-minute walk. The customer base is highly affluent, with no direct competitors nearby. The pub is surrounded by countryside, making it an attractive destination for locals, families, and visitors seeking quality dining in a rural setting. The offer: The Vine is available on our investment tenancy agreement. Click here for more information on this agreement. The refurbishment will create a stylish country pub with a food-led focus. With a strong pub classics menu, premium drinks, coffee, and events such as quizzes and weekend live entertainment, the Vine is well-positioned to become both a local hub and a destination venue. 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 Vine will have extensive experience in food-led hospitality businesses. They will have a clear vision for their food offer, service and community engagement, and can create a memorable experience for their 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 Features Investment Tenancy Refurbishment Planned Catering Kitchen Car Park Function Room Outdoor Trade Private Accommodation Trading Area & Facilities The Vine will be undergoing a refurbishment which will cover the full interior of the pub, alongside signage, lighting and external works. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pub’s trading area and facilities post refurbishment will be: Main trading area with bar Conservatory dining space 70 internal covers 52 external covers Catering kitchen Function room HEINEKEN SmartDispense® Beer garden with countryside views Car park with 20 spaces 5-bedroom private accommodation 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 Private accommodation consists of 5 bedrooms, a living room, kitchen, bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £38,188 Estimated Minimum Ingoing Costs £38,188 Annual Rent £35,351 Estimated Annual Turnover £435,642 Deposit £8,838 Estimated Fixtures & Fittings Value £17,850 Estimated Stock Valuation £8,000 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