Run a Stonegate Pub - Prince Of Wales Derby, Derbyshire

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About the Pub

The Prince Of Wales is an attractive two-storey corner pub situated in the centre of Spondon. The main bar has a darts board and seating for around 30 covers, whilst the lounge has space for an additional 40 covers. The “loft” or function is ideal for hosting events and private parties, with its own bar servery and can accommodate around 30 covers. Externally, the beer is a hidden gem with seating for over 30 covers and a children's play area. The pub is involved with many community activities and supports local charities. There is monthly acoustic and tribute bands, with opportunity to develop the entertainment offer further. The Prince Of Wales benefits from a good location in a business and residential area, and is within walking distance of all local facilities. The pub is at the centre of the community; the new publican should create a warm friendly atmosphere to keep the locals loyal and make it a great place for visitors to relax.

Business Information

Agreement: Retail Partnership Tenancy
Capital Startup: Est. £9850
Fixtures / Fittings: Est. £13000
Guide Rent: £23500 pa
Potential Turnover: £360000 pa

Regional Manager's Thoughts

The ideal candidate for the Prince of Wales will be an experienced community pub operator capable of truly engaging with the local market and providing reasons for customers to visit. A great selection of keg and cask brands will complement the extensive wine and spirit offer. The small trade kitchen behind the bar offers the opportunity for a small scale food offer to complement the already established wet trade.

Surrounding Area

The community lies on the north slope of the valley of the River Derwent, east of Derby. It is divided by the A52 which separates the residential Spondon village area at the top of the hill from the heavily industrialised area at the bottom. The industrial belt lies to the south of Nottingham Road and Derby Road, as does the disused canal and the railway. Spondon holds a small number of chain shops, but continues to support the business of many independent trades’ people too, including a barbers, a gift shop and a bakery. Chapel Street and Sitwell Street are the main areas of this retail activity. Dale Road, Nottingham Road and Derby Road also have a row of shops and local businesses.

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