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Walrus
Athenaeum Street, Plymouth, Devon, PL1 2RH
Annual Rent: £44,783
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Beer Garden
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External Drinking Area
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Function Room
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Car Park
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Restaurant/Dining
Property details
The Walrus is in the heart of Plymouth, ideally placed to attract a broad mix of locals and visitors. The Theatre Royal Plymouth is nearby, while the Plymouth Athenaeum Theatre is virtually opposite, creating exciting opportunities for pre-theatre dining and post-show drinks. Plymouth city centre, the Hoe and its famous Smeaton’s Tower, the historic Barbican, Mayflower Steps and Plymouth Gin Distillery all add to the area’s appeal. Student accommodation close to the pub provides another valuable source of potential trade.
There are 5,433 adults living within walking distance. The Walrus sits within a vibrant hospitality market, with a range of competing pubs and venues within a short walk. The pub is currently closed, giving the incoming operator a chance to launch a fresh offer and establish its own identity. The investment is designed to appeal to a wider audience, from residents and students to professionals, theatre-goers and tourists looking for quality food, premium drinks and memorable experiences.
The proposed refurbishment will cover both the interior and exterior of the pub, including its garden. 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:
- Main trading area with bar
- Separate dining room
- 74 internal covers
- 88 external covers
- Refitted catering kitchen
- Function room
- HEINEKEN SmartDispense
- Pub garden and refreshed external seating
- Car park with 15 spaces
- Private accommodation comprising two bedrooms, bathroom, kitchen and living room, included in the refurbishment
Applicants should be aware that all refurbishments are subject to final board approval, which will be determined as part of the leasing process.
The private accommodation consists of two bedrooms, a bathroom, a kitchen, and a living room.
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Catering Kitchen
Trading style
The landlords are planning a refurbishment in the region of £520,000 to transform the Walrus into a premium, food-led city-centre pub with a welcoming atmosphere, standout outdoor space and a strong all-day offer.
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring. The right operator for the Walrus will have extensive experience in premium, food-led hospitality businesses. They will have a clear vision for a menu of modern pub classics, pre-theatre dining, premium drinks, entertainment and a local marketing strategy, and can create a memorable experience for their customers.
The landlords are looking for someone entrepreneurial with strong food credentials, high standards and the ability to build relationships with Plymouth’s local community while making the most of its visitor and theatre trade.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.
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