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RegisterRefurbishment Planned
Millstone Newton Le Willows
71, Mill Lane, Newton Le Willows, WA12 8BG
Pub Code: 2302172101
Key Features
- Extensive Refurbishment Planned
- Great Location
- Premium Food & Drink Offer
- Large Beer Garden
- Light Entertainment
- Private Accommodation
Est Min Ingoing Costs: £77,318
Annual Rent: £62,318
More Information
Excellent Demographic
Conveniently situated next to a busy train station, with direct links to both Manchester and Liverpool, The Millstone’s prime location gives it the potential to become the go-to afterwork pub for local commuters. It also sits at the heart of an affluent area with rising demographics which is in desperate need of a premium yet warm and welcoming local pub to meet demand.
Post-refurbishment, the venue will offer customers a premium pub experience with great locally sourced food, exciting drinks, fantastic coffee and weekly pub quizzes and light entertainment to bring the local community together. Could you be the one to take it to the next level?
Fantastic Potential
This is an incredible opportunity to take on a pub business that’s ready for refurbishment and growth. The Millstone has huge potential which is just waiting to be unlocked by the right licensee. Could you be the one to take it to the next level?
Trading Area & Facilities
The pub will undergo an extensive refurbishment throughout. The Bar area will be extended to create a larger space with more covers and then redecorated to create a cosy andcomfortable yet modern and stylish pub. New altro will be added to the trade kitchen to support the expected increase in use.
To capitalise on The Millstone’s premium location near Newton Le Willows train station, the external areas will be completely revamped in line with the new premium offering to increase kerb appeal for commuters. A large beer garden offering an impressive number of outdoor covers.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of 4 bedrooms, lounge, kitchen and 2 bathrooms. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
Premises Licence Details
Please refer to the 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 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
12:00 - 23:00 |
| Annual Rent | £ 62,318 |
| Estimated Tenants Annual Operating Profit | £ 63,317 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 749,095 |
| Estimated Annual Barrelage | 279 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 43,891 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 15,000 |
| Deposit Amount | £ 15,580 |
| Rent in Advance | £ 1,198 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 77,318 |
| Estimated Minimum Ingoing Costs | £ 77,318 |
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.
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 | £ 1,150 |
| 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
* 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
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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