Property Description
Substantial investment to create exceptional new business
Following a full refurbishment inside and out, The Falcon will be transformed into a fantastic community pub.
Major investment will create a fabulous town centre pub that will cater to the local population. There will be multiple zoned areas which will all undergo refurbishment, the bar will be remodelled and the sports area will be improved to cater for the strong sports following the pub already has. In addition, a fantastic external redecoration will enhance the pub’s kerb appeal with new signage and lighting.
Excellent location
The Falcon is located in Littleborough. Littleborough is located on the main A58 that runs through and over the Pennines to Halifax in West Yorkshire and is only a 9-minute drive from Hollingworth Lake. The local train station is a two-minute walk. Whilst the pub is located right in the middle of the village centre amongst the shops, there is a great selection of established, well-presented community housing that surrounds the pub on all sides.
Huge potential
The transformed Falcon Arms will feature all the main sports attractions of Sky & BT plus regular events and live entertainment. The pub will attract a lot of the local wet trade, given that it is just a short walk from nearby housing developments, and it will also be a go-to destination to catch up over a drink. We would like to see you bring your own ideas and flair to make the most of this great opportunity.
Target Customers
The stunning new look at The Falcon will attract a broad demographic covering all local customer groups, with various zones created throughout. You’ll find sports fans looking for a nice pub to watch live games & events as well as passing trade from the high street at the weekends.
Offer
The Falcon has the potential to be THE community pub in Littleborough. With competitively priced draught lagers, beers and ciders with the best brands on the market complemented by a simple coffee offer. Guests will be entertained with live sports through Sky & BT, pool, darts, dominoes as well as quizzes, charity fundraisers and live entertainment.
Works will be done throughout the pub, touching the Sports Bar, Bar Lounge, Bar Servery, Lounge & Upper Lounge and the Gents & Ladies Toilets. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section.
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 at the Falcon consists of three bedrooms, a lounge, kitchen and bathroom.
Premises License available upon request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Pub Games
Live Sports
Live Music
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.
