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First In Last Out, Winchester

37, Wales Street, Winchester, SO23 0ET

Pub Code: 2302658101

Key Features

  • Great Location
  • Affluent Residents
  • Fantastic Food
  • Beautiful Outdoor Space

Est Min Ingoing Costs: £33,838

Annual Rent: £26,871

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More Information

Local Hub

This pub will become a real community hub following the refurbishment. People can come to watch sport, play darts or relax in the landscaped garden by the river. It has the potential to provide a best-in class offer, bringing more trade in through rhythm of the week events, a fantastic outdoor space and brilliant hospitality.

Fantastic food, great location!

The new kitchen will provide a fantastic pub grub menu, while also offering a serious Sunday lunch. Located on the way into town, it provides a great opportunity to attract passing trade.

Innovative Operator Wanted

Are you looking to expand your business portfolio? As the future vision for the site is to provide a premium food menu, catering experience and knowledge is essential, along with the ability to demonstrate innovation and great business management. Due to the location of this site, marketing skills are necessary as the pub should be marketed to attract tourists visiting the region. 

  • Catering Kitchen

  • Investment Tenancy

  • Outdoor Trade

  • Private Accommodation

  • Monthly Billing

  • Weekly Billing

Trading Area & Facilities

A zoned indoor set-up around a centrally fitted bar will provide different options for different customers.

The new kitchen will provide a fantastic pub grub and Sunday lunch menu.

A landscaped garden right on the river will provide beautiful outdoor space.

Private Accommodation

The private accommodation consists of a lounge, kitchen, bathroom and bedrooms. As part of our promise to you, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

See premises licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
23:30
11:00 -
23:30
11:00 -
23:30
11:00 -
01:30
11:00 -
01:30
11:00 -
01:30
12:00 -
23:00

Annual Rent £
26,871
Estimated Tenants Annual Operating Profit £
28,369
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
313,979
Estimated Annual Barrelage
155
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
16,983
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
6,718
Rent in Advance £
517
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
33,838
Estimated Minimum Ingoing Costs £
33,838
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
2,567
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

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