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Old Oak Hotel Longridge

Pubs & Bars • PR3 3BA Management opportunity
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Summary

Exciting Investment Opportunity: The Old Oak Pub Refurbishment Proposed!

Description

The area: Situated in Longridge near Preston, The Old Oak benefits from a prime location within a thriving community hub surrounded by picturesque countryside. The area's unique blend of shops, antique galleries, and proximity to the renowned Ribble Valley Food Trail makes it an attractive destination for locals and visitors alike, offering not just great food and drinks but also access to scenic walks and cycling routes. Surrounded by a growing population of affluent residents, including over 7,000 adults within walking distance and ongoing housing developments, the pub holds immense potential for growth. With a focus on sourcing quality food locally, offering a curated drinks menu, and hosting a range of events from live sports to live entertainment, The Old Oak is set to distinguish itself in the market, providing a welcoming atmosphere for the community to gather and enjoy memorable experiences together. A new patio area and scenic views will appeal to outdoor enthusiasts, while a quality food menu will appeal to the numerous local residents nearby. Who we're looking for: If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the Old Oak Hotel will have experience in delivering a great food offer to create a memorable experience for their customers. If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter… The Offer: The Old Oak Hotel is available on our investment tenancy agreement. Click here for more information on this agreement. Special Offer – unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings with three months’ deposit. Where a significant investment is made in a pub by Star Pubs, 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).

Upfront cost

£65,427
Cost type: Upfront

Key facts

Upfront cost
£65,427
Turnover (annual)
£537,756
Rent
£32,710 (annual)

Location

PR3 3BA
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

Enquire

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