Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs & Bars. It’s free and puts you under no obligation.
RegisterRefurbishment Planned
Top Lock Hotel Wheelton
Copthurst Lane, Wheelton, Chorley, PR6 8LT
Pub Code: 0060477101
Key Features
- Investment Tenancy
- Exciting Refurbishment Planned
- Canal Side Location
- Cask Ales
- Destination Venue
- Catering Kitchen
Est Min Ingoing Costs: £52,996
Annual Rent: £35,691
More Information
Canal-side, Cask Ale Haven
Despite its picturesque countryside setting, The Top Lock is perfectly placed to draw on customers from surrounding towns and villages. In fact, there are over 1,200 adults living within a 20-minute walk and around 390,000 within a 20-minute drive. Alongside this, its proximity to the Leeds to Liverpool Canal and the West Pennine Moors creates the perfect opportunity for the incoming lessee to market the pub to tourists and walkers looking to savour quality fare in an honest country setting.
A Grade II listed building, The Top Lock is a quintessential rural inn with lots of variety. A tasteful refurbishment will capitalise on this. The refurbishment and redecoration of The Top Lock will create a cosy country pub with a contemporary offering. A roaring log burner and extensive drinks selection will create a cosy internal trading space throughout the year. Outside, the modernised beer garden, with increased covers and the popular ice cream parlour, will create a honeypot of customers during the warmer months.
Please refer to the attached Refurbishment Details for more information.
Destination Pub Specialist Desired
This is a pub with great potential, all we're missing is the right person to drive it forward. So, could that be you?
Trading Area & Facilities
A tasteful refurbishment including painted wall panelling, cosy leather seating and quirky framed artwork will enhance the pub’s existing character, whilst giving it a modern finish.
Externally the pub already enjoys scenic views over the canal and extensive works, including a new pergola, fixed poseur seating and festoon lighting will ensure the pub is the place to be for the whole community throughout the warmer months.
There is a car park located across from the site ensuring ample parking for guests.
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).
Externally the pub already enjoys scenic views over the canal and extensive works, including a new pergola, fixed poseur seating and festoon lighting will ensure the pub is the place to be for the whole community throughout the warmer months.
There is a car park located across from the site ensuring ample parking for guests.
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
Private accommodation in this destination outlet consists of (TBC) bedrooms, lounge, kitchen and bathroom. We will ensure the living space is in good condition, so you can focus on getting your business right.
Premises Licence Details
Please refer to Premises Licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 23:00 |
11:00 - 23:00 |
11:00 - 23:00 |
11:00 - 23:00 |
11:00 - 23:00 |
11:00 - 23:00 |
12:00 - 22:30 |
| Annual Rent | £ 35,691 |
| Estimated Tenants Annual Operating Profit | £ 35,689 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 539,055 |
| Estimated Annual Barrelage | 225 |
* 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 | £ 31,777 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 10,000 |
| Deposit Amount | £ 8,923 |
| Rent in Advance | £ 686 |
| 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 | £ 52,996 |
| Estimated Minimum Ingoing Costs | £ 52,996 |
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 | £ 956 |
| 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
Pub Vacancy Alerts
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download