FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
FindMyPub.com
Car Park
Property details
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 growth potential. With a focus on sourcing quality food locally, offering a curated drinks menu, and hosting various 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.
Significant investment will be made to transform the Old Oak, with works being completed in the Bar, Games Room, Lounge, Kitchen & Cellar and generally throughout.
The private accommodation consists of two bedrooms, a lounge, a kitchen, and a bathroom.
FindMyPub.com
Cask Ale
FindMyPub.com
Team Games
FindMyPub.com
Pool Area
FindMyPub.com
Live Sports
Trading style
When refurbished, The Old Oak will appeal to:
- Local Residents Seeking Quality Dining - Customers who value locally sourced ingredients and top-notch food will flock to The Old Oak, known for its commitment to fresh produce from nearby farms and fisheries.
- Community Socialisers - Residents and visitors seeking a friendly venue for socialising and live entertainment will choose The Old Oak as their preferred spot for connecting with friends and enjoying a vibrant atmosphere.
- Outdoor Enthusiasts - Nature enthusiasts exploring the countryside and nearby trails will appreciate The Old Oak as an ideal stop, offering a new patio area and scenic views for unwinding after outdoor adventures.
- Social Sports Fans - Fans eager to watch live sports from Sky and BT will frequent The Old Oak Pub, known for its lively atmosphere, quality food, and dedicated screenings of major sporting events.
When refurbished, The Old Oak will offer:
- Drinks - A diverse range of beverages, from refreshing lagers and ciders to traditional cask ales, alongside a curated selection of spirits and wines that perfectly complement your meal.
- Food - Top-tier dishes made from locally sourced ingredients, cooked to perfection to satisfy your taste buds and support local producers.
- Coffee - A small range of teas and coffees will be on offer at the Old Oak.
- Events - A vibrant weekly lineup filled with live entertainment and engaging activities, designed to create a lively atmosphere and bring patrons together for memorable experiences.
Key financials
-
Reference Number:
8M9JTW / 0060351101
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£68,059.00
-
Annual Rent:
£43,235.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £43,235
Estimated Annual Turnover £640,051
Deposit £10,809
Estimated Fixtures & Fittings Value £45,750
Estimated Stock Valuation £8,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £68,059
Estimated Minimum Ingoing Costs £68,059
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.