The Wirral Hundred
45 Noctorum Way, Noctorum, Wirral, CH43 9JFAgreement Type:
Foundation Tenancy
View details for The Wirral Hundred
Rose & Crown Seacombe
Rose & Crown Seacombe
Poulton Road, Seacombe, Wallasey, CH44 4DE Pub Code: 0090289101
Pub Code: 0090289101
Investment TenancyEst Min Ingoing Costs: £8,344
Annual Rent: £10,126
Major Refurbishment Planned
A fabulous refurbishment will transform the Rose & Crown into a well finished community pub. Inside, the pub will be redecorated throughout. Other upgrades throughout the pub such as improving the room, overhauling the bar servery, redecorated toilets and new & refurbished furniture will give the pub a much more premium feel. Outside the pub, the refurbishment will include all new signage and lighting. The existing beer garden will be redecorated and plenty of new benches will be added to the front drinking area.
Community Focused
The Rose & Crown is located in the centre of Seacombe village, at the north end of the Wirral Peninsula. The pub itself is situated in the centre of the village. The pub is within 2 minutes’ drive of the Mersey tunnel that leads to Liverpool city centre and the M53 that links Chester and Liverpool. There are c18,460 adults within a twenty-minute walk of the pub. The Rose & Crown is the only pub in the centre of Seacombe.
Major Potential
The pub has an already established trade. We’re building on strong foundations, taking its appeal to the next level and allow a new operator to build a reputation as one of the best places to meet friends, family or colleagues for a drink or to watch the big match. The improved games room, new décor and a welcome range of drinks will make this pub stand out over the limited competition in the area. All we’re looking for is the right operator who understands the dynamics of a drinks-led community pub.
The newly refurbished The Rose & Crown will appeal to:
- All ages and mixed groups
- Local residents and sports fans wanting to watch live sports
When refurbished, The Rose & Crown will offer:
- A high quality, focused range of drinks including favourite lagers, spirits and wines
- A focus on live sports and pub games including dart boards and pool tables
- Entertainment as part of the rhythm of the week
Trading Area & Facilities
The Rose & Crown will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the ‘Refurbishment Details’ in the downloads.
Applicants should 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, 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)
Private Accommodation
Private accommodation consists of three bedrooms, a kitchen, large lounge and bathroom.
Estimated Total Ingoing Costs
£24,257
Estimated Minimum Ingoing Costs
£8,344
Annual Rent
£10,126
Estimated Annual Turnover
£222,040
Deposit
£2,532
Estimated Fixtures & Fittings Value
£14,225
Estimated Stock Valuation
£4,000
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:
Poulton Road, Seacombe, Wallasey, CH44 4DE
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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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