Westgate Halifax

28 Westgate, Halifax, HX1 1PW

  • Westgate Halifax
  • Westgate Halifax
  • Westgate Halifax

Westgate Halifax

Exciting Refurbishment Planned

Situated on a busy shopping street, The Westgate holds a prominent corner position on the busy Union Road in Halifax. Central to the cultural hub of the town centre, the pub also benefits from being a short walk from the ever popular Piece Hall. Infact, there are over 20,000 potential customers within a ten minute walk from the pub, visiting the area to shop and socialise or work nearby.

Once refurbished, The Westgate will be a characterful bar enhanced by quirky details that will appeal to a new, younger demographic. It will also accommodate larger groups due to its eclectic mix of seating. The new kitchen on site will allow for a strong food offer to be introduced - this kitchen will come equipped with a hoist to facilitate a faster service to customers and save staffing costs.

The Westgate would suit a food and drink offer that has a clear identity and stands out from local competition in The Piece Hall. An on trend snacking menu would go down a treat in the area - think Yorkshire tapas or ribs & wings. Combine this with premium draft lagers, a craft beer selection and an excellent selection of spirits to appeal to the demographics of the area.

Innovative Operator Wanted

Post refurbishment, The Westgate will be a stylish bar full of personality. We are now looking to partner with an equally innovative and on trend operator who has prior experience running a similar venue and is passionate about pubs!


Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Live Sports
  • Private Accommodation
  • Licensee Support Package
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Inside, the pub will be transformed into a stylish and eclectic bar by created more inviting seating space combined with a flexible layout. Works will include the addition of a drinking/dining zone (which will also double as a function space) and a new L-shaped bar servery behind an improved shop-front theatre window, which will grab the attention of passing footfall. A new kitchen on the first floor will be equipped with a hoist to serve the enhanced drinking/dining areas, while the toilets will also be treated to an overhaul.

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

The private accommodation at the Westgate consists of two bedrooms, lounge, kitchen and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

See licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30

Financials

Annual Rent £
35,500
Estimated Annual FMOP (Licensee Profit) £
46,200
Representative HEINEKEN UK Brand Discount Per Barrel £
135
Estimated Annual Turnover £
517,398
Estimated Annual Barrelage
276

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
25,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
8,875
Rent In Advance £
683
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
43,753
Estimated Minimum Ingoing Costs £
43,753

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,156
Estimated Annual Maintenance Compliance Charge £
1,154
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased