86 Mill Lane, West Derby, Liverpool, Merseyside, L12 7JD
A fantastic opportunity to take control of this well established high volume community pub available with planned internal and external cosmetic investment. An ideal opportunity for an experienced community wet led operator to build upon already strong trade driven by great hospitality, TV Sports and traditional pub entertainment and events.
The Halton Castle is a well known community pub in the heart of West Derby village to the East of Liverpool. Built upon great hospitality, community involvement, TV sports and entertainment, the pub experiences strong regular footfall from both the residential population, weekend circuit drinkers and event driven footfall. Operating as a wet only offer, range and value are key to retaining the current footfall and building upon it through further development of the offer delivered through great service and hospitality.
The pub has a traditional mutli room lay out offering 4 distinct drinking areas serviced by a single horseshoe shaped bar. Externally the pub has a small garden to the front that is popular as a drinking area in summer months, there is also a well developed outside drinking terrace to the rear with a smoking shelter and potential to develop an outside bar. There is a car park to the side of the pub with space for roughly 20 vehicles.
|Car park spaces||20|
The private accommodation is presented to a reasonable standard currently, it would benefit from a cosmetic decorative upgrade. It is compact but more than adequate for a couple or small family.
|Annual rent||£43,150 per annum|
|Weekly rent||£829.81 per week fixed|
£43,150 per annum, £829.80 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £27,650 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note a larger deposit would be required to secure credit terms and an Assisted Purchase agreement is available to support purchasing the F&F which will require a 25% deposit.
|Fixtures & fittings||£12,500||Working capital||£5,000|
|Other costs||£2,500||Total entry cost||£27,650|
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
•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)|
|Volume notes||The forecast volume reflects the proposal for GK to spend circa £20,000 re-presenting the exterior of the pub and circa £45,000 improving the internal cosmetic presentation of the pub.|
West Derby village is both a retail and licensed leisure hub that attracts footfall throughout the week. The local area is densely populated with good demographic privately owned accommodation that services both local and Liverpool city centre employers . The village is also well known as a popular weekend drinking circuit.