Handbridge Chester

66 Handbridge, Chester CH4 7JF

  • Handbridge Chester
  • Handbridge Chester
  • Handbridge Chester
  • Handbridge Chester
  • Handbridge Chester
  • Handbridge Chester

Handbridge Chester

While the Handbridge is located in an affluent residential area of the same name it is important to note that this is just a short stroll from the Chester City walls and the River Dee. As such the future proposition of the pub will be able to benefit from community walk to traffic but also as a staging point for revellers heading to and from the City nightlife.

Star Pubs and Bars are planning to make a large scale and comprehensive investment in the site to bring the pub back to life as a real community asset with a proposition to suit. This will be based on a great home cooked, contemporary menu complimented by heritage ciders, craft beers and cask ales and world beers. A place to enjoy great coffee in a relaxed atmosphere or a uniquely poured draught lager, all in surroundings that we would describe as having "A Bit of Style!"

This is a great opportunity to re-energise the business and return it to its place as the focal point of local life. You'll be an experienced operator, and you'll quickly see how you could revive the food offer here, sharpening it up to complement the pub's healthy wet sales. What's more, you'll be able to slot effortlessly into community life - perhaps the area's already familiar to you?

Pub Features

  • Rolling Tenancy
  • Function Room
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade

Trading Area & Facilities

The open plan trading area of the property leads onto a bar main servery behind which the commercial kitchen is located. The property remain in a well presented condition with carefully divided booths and areas of fixed seating which lend themselves to relaxed drinking and dining; meeting friends or enjoying entertainment.

The jewel in the crown of the property is the extensive beer garden. This is set on several levels and is perfect for al fresco dining and drinking and is a real draw during the spring and summer months, more than doubling the commercial trading area.

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 Pubs Code [2016]

Private Accommodation

This is in generally good order with 3 bedrooms; lounge; bathroom and kitchen and where required there will be appropriate works carried out on line with the Star Pubs & Bars Ready To Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

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

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased