Property Description
Royal Refurbishment Planned!
The Royal Oak is set for a major refurbishment. Internally, the pub will be extended, resulting in a significantly larger and more open interior. The addition of a new kitchen will introduce dining to the Royal Oak, and a redesign of the front area will be undertaken to maximize the efficiency of the space. The overall style of the interior will reflect a "Premium Local" ambience, combining elements of modernity with a touch of traditional charm, creating a welcoming and comfortable atmosphere for customers.
On the exterior, there will be enhancements made to the front of the pub to improve its kerb appeal. The existing car park and gardens, which are already in good order, will remain untouched. The external refurbishment is designed to give the pub a fresh and appealing look that will attract both regulars and new patrons. The combined impact of these refurbishments is expected to be significant, driving a substantial increase in trade.
Incredible Demographics
The Royal Oak in Aughton, West Lancashire, holds a fabulous location at the end of a dual carriageway that funnels traffic from the north end of Liverpool into the West Lancashire villages, Southport and Ormskirk. Aughton is renowned for its significant affluence, boasting two Michelin-starred restaurants. The demographics in the area skew towards high affluence, and nearby Edge Hill University adds a youthful, dynamic element. With limited local competition, the Royal Oak is uniquely positioned to serve the local community. Notable landmarks such as Edge Hill University, Aintree Racecourse, and easy access to Liverpool and major motorways enhance its appeal.
Uncapped Potential
The Royal Oak presents an outstanding investment opportunity with its limitless potential. Boasting 133 covers inside and an additional 142 externally, it’ll be a spacious and welcoming environment. The presence of a well-maintained garden, ample car park, and a commitment to offering great food creates a unique selling point, especially considering it has no direct competitors in the area. The pub's capacity for growth is substantial, making it an ideal venture for an experienced and hands-on operator who can cater to the needs and desires of the local community whilst continually evolving to meet the demands of their patrons.
Choice of Agreement
We'd consider leasing the Royal Oak on either our Investment Tenancy or a Long-Term Fully Repairing & Insuring Lease. Details on our agreement types can be found by clicking THIS LINK.
Target Customers:
When refurbished, the Royal Oak will appeal to:
Groups of friends & neighbours catching up over a drink
Families looking for a good quality meal in a premium environment
The overall community. Expect to see community groups and charity events
Offer:
When refurbished, the Royal Oak will offer:
A premium range of beers, ciders, wines & spirits.
Cask & Craft ale, as well as 0.0% draught option
A premium food offer
Live sports through Sky & TNT. Quizzes, charity fundraisers, live entertainment and food led theme nights
A coffee offer to match the quality of the venue
Significant works will be undertaken to transform the Royal Oak into a thriving premium local pub. The internals will be extended and redecorated with a new kitchen and cellar being added, as well as works done to the toilets. Externally, enhancements will be made to improve the pubs kerb appeal to attract both new customers and regular patrons.
All details of the proposed works can be found in the Refurbishment Details document in the Downloads section.
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)
The private accommodation at the Royal Oak consists of three bedrooms, a lounge, kitchen and bathroom.
Agreement Type
Investment Tenancy
Long-Term FRI Lease
Property Facilities
Kitchen
Live Sports
Live Music
Parking
Outdoor Trade
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.
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.
* 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
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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.
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