Topping Street, Blackpool, Lancashire, FY1 3AA
Investment opportunity at this great pub situated in the middle of the busiest part of town, close to all amenities and facilities.
This site has a fantastic lounge bar, new sun terrace and function room. Gillespies is very popular for sport and has a great reputation for cask ale. There is a great opportunity to enhance the existing entertainment offer. The pub also has the opportunity to introduce food, which will greatly enhance the retail offer.
A large bar/lounge, which is perfectly laid out for sport and live entertainment. There is a good trade kitchen and self-contained function room. The new sun terrace has views of the Blackpool Tower.
A good sized, two bedroom flat with kitchen, bathroom and office which are all in good order.
|Annual rent||£26,500 per annum|
|Weekly rent||£509.62 per week fixed|
£26,500 per annum, £509.62 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit subject to credit check. *Machine Income free of tie*
Entry costs approx £18,800 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, schedule of condition, training fees, working capital and deposit (25% of head rent, minimum £6,000). Fixtures and fittings are yet to be valued but thought to be in the region of £20,000.
|Fixtures & fittings||TBC||Working capital||£5,000|
|Other costs||£6,150||Total entry cost||£18,800|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•50/50 profit split of machines income
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Blackpool is a seaside town in North West England. It is situated along England's northwest coast by the Irish Sea, between the Ribble and Wyre estuaries. In addition to its sandy beaches, Blackpool's major attractions and landmarks include Blackpool Tower, Blackpool Illuminations, the Pleasure Beach, Blackpool Zoo, Sandcastle Water Park, the Winter Gardens, and the UK's only surviving first-generation tramway.