Property Description
Chorley's Premium Local!
Located in a highly-populated part of Chorley, with more than 11,000 adults living within a 20-minute walk radius, The Bretherton Arms benefits from great visibility, passing trade and very little competition.
Post refurbishment, the interior will be entirely redecorated with new fixtures and fittings and bric-a-brac.The installation of a kitchen serving home cooked pub classics will guarantee year-round appeal for locals looking to socialise while enjoying great pub food and premium drinks.
Can you be the best Landlord in Town?
The Bretherton Arms has the potential to become the go-to social hub for local groups, couples and individuals looking for somewhere new to socialise and enjoy weekly entertainment, including quizzes, games/comedy nights and acoustic live music. All it needs is a community focused operator who's driven to unlock its potential. Could that be you?
Internally the Bretherton Arms is an open spaced, one bar operation. It'll be refurnished with new, modern seating suitable for over 60 covers. Works will be done to the entrance, lounge areas, bar areas and bar servery to create a modern, rustic environment. An additional income stream is provided with a Gaming Machine.
Externally, we're creating a brand new, spacious beer garden at the rear of the pub with room for 124 covers. This will encourage alfresco drinking and dining throughout the warmer months. There is a small car park on site with street parking available.
Please refer to the attached Refurbishment Details for more information on the planned investment.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
The private accommodation at the Bretherton Arms consists of 3 bedrooms, a lounge, kitchen, bathroom and separate toilet.
Premises Licence available upon request.
Agreement Type
Investment Tenancy
Property Facilities
Live Sports
Live Music
Pub Games
Parking
Cask Ale
Private Accommodation
Refurbishment Planned
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** 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 are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
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
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.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
