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Park View, Manchester

Manchester, M9 0QJ

Your investment

£6,000

Agreement Type

Tenancy
The Park View is a detached pub located in a residential area of Higher Blackley, close to the popul...

The Park View is a detached pub located in a residential area of Higher Blackley, close to the popular Heaton Park and is within walking distance of shops and amenities. Higher Blackley is located five miles from the centre of Manchester and nine miles to Oldham, it has a population of approximately 14,000.

Pub Layout

The pub trades from a central bar serving both the function room and the bar areas. On entering the pub you are faced with the large servery within the bar area with plenty of seating for up to 40 covers. The pool table and darts board are also located in this area so naturally it is the main area for the regulars throughout the week. To the rear of the pub is a lounge that is used for functions and can cater for up to 50 people. The ladies and gents toilets are located to the left side of the pub and the catering kitchen is located behind the bar. The general condition of the pub and its fixtures and fittings are in good order. To the rear of the pub is a patio area with benches and a grassed area. There is also a car park for up to 20 cars.

The Park View is a community local with a lot to offer. The pub currently provides entertainment at weekends including karaoke and live music, pub games such as pool and darts teams throughout the week, and benefits from showing Sky Sports. The pub is also popular for functions such as; christenings, birthdays and funerals. The local rotary club and other local groups also use the lounge for meetings. There is room for development on the food side here.

Private Accommodation

The private accommodation is located on the first floor and consists of two bedrooms, lounge, kitchen and bathroom all in good order.

Annual Rent: £8,000

Security Deposit: £3,000

Working Capital: £1,500

Stock: £1,500

Fixtures and Fittings: Upon Valuation  –  Funding options available for the right licensee.

Tie:        All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

This pub is only currently available on a short term agreement but should a licensee with passion, motivation and drive push this business onto the next level we may consider something more long term.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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