Dunkirk Hall Leyland
Dunkirk Lane, Leyland, Preston, PR26 7SWAgreement Type:
Investment Tenancy
View details for Dunkirk Hall Leyland
Old Oak Hotel Longridge
Old Oak Hotel Longridge
111, Preston Road, Longridge, Preston, PR3 3BA Pub Code: 0060351101
Pub Code: 0060351101
Investment TenancyEst Min Ingoing Costs: £22,309
Annual Rent: £43,235
Exciting Investment Opportunity: The Old Oak Pub Refurbishment Proposed!
The area:
Situated in Longridge near Preston, The Old Oak benefits from a prime location within a thriving community hub surrounded by picturesque countryside. The area's unique blend of shops, antique galleries, and proximity to the renowned Ribble Valley Food Trail makes it an attractive destination for locals and visitors alike, offering not just great food and drinks but also access to scenic walks and cycling routes.
Surrounded by a growing population of affluent residents, including over 7,000 adults within walking distance and ongoing housing developments, the pub holds immense potential for growth. With a focus on sourcing quality food locally, offering a curated drinks menu, and hosting a range of events from live sports to live entertainment, The Old Oak is set to distinguish itself in the market, providing a welcoming atmosphere for the community to gather and enjoy memorable experiences together. A new patio area and scenic views will appeal to outdoor enthusiasts, while a quality food menu will appeal to the numerous local residents nearby.
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 Old Oak Hotel will have experience in delivering a great food offer to 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…
The Offer:
The Old Oak Hotel is available on our investment tenancy agreement. Click here for more information on this agreement.
Special Offer – unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings with three months’ deposit.
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).
Trading Area & Facilities
Significant investment will be made to transform the Old Oak, with works being completed in the in the Bar, Games Room, Lounge, Kitchen & Cellar and generally throughout. Please review the "Refurbishment Details" document under Downloads for more information on the proposed refurbishment and to view the floor plan.
Private Accommodation
The private accommodation at the Old Oak has a lounge, kitchen, bathroom and two bedrooms.
Estimated Total Ingoing Costs
£22,309
Estimated Minimum Ingoing Costs
£22,309
Annual Rent
£43,235
Estimated Annual Turnover
£640,051
Deposit
£10,809
Estimated Fixtures & Fittings Value
£45,750
Estimated Stock Valuation
£8,000
Estimated Working Capital
£3,500
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:
111, Preston Road, Longridge, Preston, PR3 3BA
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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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