Wharfedale Arthington

Arthington Lane, Otley, LS21 1NL

  • Wharfedale Arthington
  • Wharfedale Arthington
  • Wharfedale Arthington
  • Wharfedale Arthington
  • Wharfedale Arthington

Wharfedale Arthington

Exciting Opportunity - Refurbishment Planned!

Nestled between the villages of Pool and Bramhope, the pub offers unspoiled country views for customers to enjoy. Despite this rural location, the towns of Otley, Harrogate, Wetherby and Ilkley are all less than 10 miles away - offering a great pool of customers looking for a delightful meal out.
The pub has three en-suite letting rooms and a large beer garden with views over the Wharfe Valley, which combined with the planned refurbishment.


The main focus of the refurbished pub will be its fantastic food offering. The incoming operator will have the opportunity to transform The Wharfedale into a standout destination-dining venue, such as a quality steak house or a fine dining establishment.

To see an example of a recently completed refurbishment click here.

Experienced Operator Wanted

We are looking for a well-funded, experienced operator with a strong food focus who can demonstrate a proven track record within the licensed trade and can work with us to allow this pub to achieve its full potential. Ideally, applicants will have a good knowledge of the local area and understanding of letting rooms.


Pub Features

  • Letting Rooms
  • Refurbishment Planned
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Monthly Billing

Trading Area & Facilities

An uplifting refurbishment will reposition The Wharfedale as a premium destination dining venue with a modern finish. The updated interior design will allow the pub to retain its local charm while also offering areas that will appeal to customers who travel a little further for a delicious dining experience.

The kitchen will be refurbished and reconfigured to deliver the improved menu and cater for 150 covers.

The pub's exterior, lighting, and signage will be transformed to complement the interior transformation. The pub also benefits from a large car park to the rear.

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 is of a good size and consists of 4 bedrooms, kitchen, bathroom, and lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 11:00 - 23:30

Financials

Annual Rent £
93,500
Estimated Tenants Annual Operating Profit £
113,435
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
916,225
Estimated Annual Barrelage
207

“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 £
167,846
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
23,375
Rent In Advance £
7,792
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
70
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
209,198
Estimated Minimum Ingoing Costs £
209,198

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 £
4,870
Estimated Annual Maintenance Compliance Charge £
1,862
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