Cross Keys Ockbrook
3 Green Lane, Derby, DE72 3SEAgreement Type: Foundation Tenancy
View details for Cross Keys Ockbrook
Punch Bowl West Hallam
43, The Village, Ilkeston, DE7 6GR
Pub Code: 2300026101
Key Features
- Planned refurbishment
- High-end classic food menu
- Large garden & patio area
- Live entertainment
- Large carpark
- Private accommodation
Est Min Ingoing Costs: £174,681
Annual Rent: £64,726
More Information
Exclusive Market Presence: Unmatched Demographics and Limited Competition
With our planned investment the Punchbowl will be the go to place for socialising, dining, and relaxation
Invest in West Hallam: Prime Location, Unique Appeal
What would you do with this pub to make it a success?
The area
Explore an outstanding investment prospect in the heart of West Hallam, where we're making a substantial commitment to enhance the local pub scene. Situated in the centre of the Derbyshire village, our pub holds a strategic position opposite the entrance to the historic Church Grounds and adjacent to the village shops. This prime location ensures consistent foot traffic and establishes a distinctive atmosphere, making our establishment a focal point for residents and visitors alike.
The offer
The Punch Bowl is available on our FRI agreement. Click here for more information on this agreement.
Be the sole pub in West Hallam, serving a mature, affluent demographic of over 3,800 adults. With a notable over-index in residents aged 45+, our pub is an investment in community and tradition. The absence of direct competitors enhances appeal, making us the preferred destination for socialising, dining, and relaxation. Seize the chance to be a cornerstone of West Hallam's social fabric and elevate your investment portfolio.
When refurbished, the Punch Bowl will cater to:
- Local Regulars and Socialisers
- Village Events and Celebrations
- Special Occasion Diners
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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, live entertainment, marketing strategy 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…
Trading Area & Facilities
- Main trading area with bar
- Separate room which could be used for dining
- 80 internal covers
- 80 external covers
- Small catering kitchen
- Function room
- Large garden and patio area with children’s play area
- Car park with approx. 30 spaces
The Punch Bowl will be undergoing a refurbishment which will cover the interior and exterior of the pub. The works will touch on the Bar area, Dining area, toilets and the kitchen & cellar.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
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 & Bars, 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 3 bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 64,726 |
| Estimated Annual Turnover | £ 420,996 |
| Deposit | £ 16,181 |
| Estimated Fixtures & Fittings Value | £ 140,000 |
| Estimated Stock Valuation | £ 15,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 174,681 |
| Estimated Minimum Ingoing Costs | £ 174,681 |
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.
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.
Location:
43, The Village, Ilkeston, DE7 6GR
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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