Number Thirty Three Farsley
Number Thirty Three Farsley
33, Town Street, Farsley, Leeds, LS28 5HX Pub Code: 0020416101
Pub Code: 0020416101
Investment TenancyEst. Annual Turnover: £522,672
Annual Rent: £34,459
A refurbishment of around £200,000 is planned to transform The New Inn into a premium local with the look and feel of a traditional London-style pub. What would you do with this pub to make it a success?
About the area
The New Inn is in Farsley, an attractive village suburb surrounded by housing and with 5,410 adults living within a 10-minute walk. The area also attracts visitors to destinations such as the nearby Wool Mill event space and local breweries, helping create opportunities beyond the immediate residential catchment.
The pub currently relies more heavily on weekend trade with limited daytime use. The planned investment will completely reposition the venue, moving away from its previous cocktail-led identity to create a premium local designed to appeal to a broader and more diverse customer base, including younger professionals and customers looking for after-work socialising. With seven other pubs in the area offering a mix of styles, the New Inn will stand out through its complete transformation, traditional pub character and renewed connection with its history.
The offer
The New Inn is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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 New Inn will have extensive experience in premium local hospitality businesses. They will have a clear vision for the drinks offer, entertainment and events, and marketing strategy, with the flexibility to develop an offer that is right for the local audience 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
The refurbishment will deliver a full transformation of the pub, including its interior and exterior areas. 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
- Snug area
- 83 internal covers
- 86 external covers
- HEINEKEN SmartDispense
- Two-bedroom private accommodation with kitchen, bathroom and living room
- Pub garden
- Car park with 12 spaces
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, 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
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£38,115
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.
What we're planning & why
A planned investment of £199,000 will deliver a full transformation of The New Inn, including both the pub itself and its outdoor areas. The scheme will refresh the interior décor, improve the pub's external presentation with new signage, revamp the pub garden and enhance the car parking provision, creating a very different venue from the former Number 33.
What's happening?
The pub will be renamed The New Inn, returning it to a name with roots in its history, while the overall concept will move from a cocktail venue to a premium local inspired by a traditional London-style pub. The transformation is intended to make the pub more relevant to the changing local audience and create a stronger reason to visit throughout the week.
Inside, a refreshed décor scheme will create a warmer, more traditional pub environment across the main trading area and snug. Outside, new signage will improve kerb appeal, while the revamped garden will create a stronger space for seasonal trade. Improvements to the car parking provision will further support accessibility for customers travelling to the pub.
The drinks, food and entertainment offer remains open to ideas from the new operator. The opportunity therefore calls for an experienced operator who can build a compelling premium local offer around the new environment, appeal to beer drinkers and younger professionals, encourage after-work visits and rebuild the pub's reputation within the community.
Why invest?
The investment is designed to give The New Inn a clear new position in the Farsley market, modernising the customer experience while reconnecting the pub with its traditional roots. By improving the interior, frontage and outdoor space, and broadening its appeal beyond weekend trade, the refurbishment is anticipated to increase turnover by around £4,000 per week.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Personal Recommendation
"We’re bringing this pub back to its roots as the New Inn, a full transformation of the building will completely change the look and feel."
— Len Jackson, Investment Manager
Location:
33, Town Street, Farsley, Leeds, LS28 5HX
Selected pub
Other pubs
Nearby events
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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