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Victoria Lostock Hall
Victoria Lostock Hall
54, Watkin Lane, Lostock Hall, Preston, PR5 5RD Pub Code: 0090276101
Pub Code: 0090276101
Investment TenancyEst Min Ingoing Costs: £16,334
Annual Rent: £27,336
Discover the unparalleled investment potential of The Victoria
What would you do with this pub to make it a success?
The area
strategically positioned in Lostock Hall. Nestled along the bustling main road connecting Leyland and Preston, this large roadside pub boasts a remarkable front patio area and stands proudly next to one of the nation's leading Motorhome and Caravan retailers, Campbell's Caravans and Motorhomes.
The Victoria beckons with a thriving demographic of 9,570 adults residing within a 20-minute walk. Within a 10-minute stroll, 5,068 adults are potential patrons, presenting a golden opportunity for your investment. Notably, with only eight licensed premises in the vicinity, including four pubs and two Star Pubs & Bars sites (Wishing Well & Pleasant Retreat), The Victoria stands out as a unique and promising venture. Seize the chance to invest in a pub that is not just a watering hole but a focal point in a community poised for growth.
3D Walkthrough available! Click here to view
The offer
Drinks: Explore an exceptional array of premium beers, cask ales, and a delightful selection of spirits at The Victoria. Our offerings also include refreshing non-alcoholic options for those seeking something different.
Food: Savour a variety of pub classics and weekly specials that offer a delicious twist on traditional favourites.
Coffee: Start your day with a cup of warmth from our simple yet satisfying coffee selection. The specific offerings will be tailored by you for a personalised touch.
Events: Imagine The Victoria as more than just a pub; it's a venue for unforgettable events. Consider hosting your next celebration or gathering with us. From weekly quizzes to monthly acoustic sessions, our space is perfect for creating lasting memories.
The Victoria is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Special Offer – unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings with three months’ deposit.
Trading Area & Facilities
The Victoria 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.
The pubs trading area and facilities post refurbishment will be:
- 3 trading areas with central bar
- 35 internal dining covers
- 41 external covers
- New kitchen
- Smart Dispense
- Outside trading areas
- Car park 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 & Bars, 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 3 bedrooms, a living room, kitchen, bathroom and office.
Estimated Total Ingoing Costs
£16,334
Estimated Minimum Ingoing Costs
£16,334
Annual Rent
£27,336
Estimated Annual Turnover
£439,369
Deposit
£6,834
Estimated Fixtures & Fittings Value
£29,000
Estimated Stock Valuation
£6,000
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:
54, Watkin Lane, Lostock Hall, Preston, PR5 5RD
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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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