The Wirral Hundred
45 Noctorum Way, Noctorum, Wirral, CH43 9JFAgreement Type:
Foundation Tenancy
View details for The Wirral Hundred
Hilbre West Kirby
Hilbre West Kirby
Banks Road, Wirral, CH48 3HU Pub Code: 2302377101
Pub Code: 2302377101
Long-Term FRI LeaseEst Min Ingoing Costs: £70,571
Annual Rent: £45,402
The property is available on a Free of Tie commercial lease.
The site previously operated as an Italian Restaurant, and would suit somebody looking for a bar/restaurant space. The site offers a sizeable kitchen and excellent back of-house facilities with private accommodation (3 bedrooms, kitchen, bathroom, lounge).
All ingoing costs are estimated and will be discussed further during the application process.
Key points to note:
- Terms are negotiable
- Property will be let as is (no works completed by Star Pubs)
Demographics
The property benefits from being one of 4 pubs found in an area of around 3,209 adults. The highly affluent customer base is made up of midlife and mature adults.
The offer
Available on our FRI Commercial Free of Tie agreement. Click here for more information on this agreement. The potential of this property lies in utilising the large space for a bar and restaurant.
Trading Area & Facilities
Open plan bar and restaurant space with outdoor terrace
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£70,571
Estimated Minimum Ingoing Costs
£70,571
Annual Rent
£45,402
Estimated Annual Turnover
£679,739
Deposit
£11,351
Estimated Fixtures & Fittings Value
£29,220
Estimated Stock Valuation
£10,000
Estimated Working Capital
£20,000
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:
Banks Road, Wirral, CH48 3HU
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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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