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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

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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?

  • Catering Kitchen

  • Investment Tenancy

  • Cask Ale

  • Outdoor Trade

  • Private Accommodation

  • Refurbishment Planned

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).

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

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.
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

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