Six Bells Littlehampton
Lyminster Road, Littlehampton, BN17 7PSAgreement Type: Investment Tenancy
View for Six Bells Littlehampton detailsSalvington Road, Durrington, Worthing, BN13 2JR
Pub Code: 0020486101
Est Min Ingoing Costs: £78,641
Annual Rent: £60,000
Complete refurbishment planned
A well-finished refurbishment will transform the Park View into a great pub in the community with great food. Will also be extending the trading area to create more occasions for people to enjoy what the pub has to offer. The Park View will increase seating capacity by 36 covers through a rear extension. To support the increased trade, the trade kitchen will receive works to improve capacity.
Seaside town location
The Park View is located in Worthing, a seaside town of East Sussex. Worthing is located at the foot of the South Downs and 10 miles west of Brighton. There are over 5,000 adults within a 10-minute walk of the Park View with 80% medium to high affluence, with only one other pub in this area. This gives it a great local catchment.
A pub business with bags of potential
The Park View will operate as an excellent venue for the people of Worthing and neighbouring towns once refurbished. The planned investment will allow us to fully re-decorate the pub and give the ample passing trade a reason to visit. These changes as well as the fabulous outdoor space, will give the pub the ability to appeal to a broad spectrum of consumers who want to meet friends for a drink or to enjoy a lovely meal. This pub has bags of potential. All we are looking for is the right operator.
Target Customers
When refurbished, the Park View will appeal to a very broad spectrum of customers, including:
A broad range of customers, from families with children to couples enjoying a mid-week treat
Singles coming for a drink and meal after work
Offer
When refurbished, the Park View will offer:
Premium drinks range, from Amstel to craft beer offering such as Beavertown and Brixton
Traditional pub food at a high standard
Coffee and Wi-Fi
Entertainment as part of the rhythm of the week
The Park View will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.
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).
Annual Rent | £ 60,000 |
Estimated Annual Turnover | £ 775,361 |
Deposit | £ 15,000 |
Estimated Fixtures & Fittings Value | £ 47,641 |
Estimated Stock Valuation | £ 12,500 |
Estimated Working Capital | £ 3,500 |
Estimated Total Ingoing Costs | £ 78,641 |
Estimated Minimum Ingoing Costs | £ 78,641 |
Salvington Road, Durrington, Worthing, BN13 2JR
Agreement Type: Investment Tenancy
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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