how much do you think this building would cost to put right?

[muckington]

Nothing but a pack of lies from the agency as ever; and more likely another landlord trying to rip of a new tenant with the agencies full support

But how much do you think it would cost to put right? pressuming it only needs carpeting that is?

Check out this Pub to lease on Rightmove

Pub to lease in Unit 1 (Former Golden Ball), Pilling, PR3 6AA, PR3 for £1,250 pcm. Marketed by Kays Peake Properties Ltd, Blackpool

www.rightmove.co.uk

 

[noseall]

But how much do you think it would cost to put right?

pressuming it only needs carpeting that is?

Axminster or Wilton?

 

[blup]

They may be testing the market as part of a change of use to housing strategy. If they can show there is no interest in a pub, the case for change of use to housing by conversion or demolition is stronger. Councils often have policies that protect pubs in this because they are perceived as community assets. But in the end if it doesn’t pay it doesn’t pay.

 

[muckington]

They may be testing the market as part of a change of use to housing strategy. If they can show there is no interest in a pub, the case for change of use to housing by conversion or demolition is stronger. Councils often have policies that protect pubs in this because they are perceived as community assets. But in the end if it doesn’t pay it doesn’t pay.

So political curruption could be at play hear. So you think it is a bad lease deals then?

 

[blup]

So political curruption could be at play hear.

No, just planning policies

So you think it is a bad lease deals then?

You need good knowledge of the pub industry to make that kind of a judgement.

 

[noseall]

You need good knowledge of the pub industry to make that kind of a judgement.

It's extremely difficult to get it to pay these days, especially those tied to the brewery. You have to shift a lot of beer.

 

[Old Salt]

Advert says it needs a full fit out so may be more than just carpeting. Could cost thousands.

 

[muckington]

You need good knowledge of the pub industry to make that kind of a judgement.

That has no relevance in relation to valuing the building

 

[flameport]

how much do you think it would cost to put right?

£100k at least. Very easily a lot more.

pressuming it only needs carpeting that is?

Fiction.

They may be testing the market as part of a change of use to housing strategy.

That's exactly what it is.

The building is at the edge of a tiny village in the back end of nowhere, right next to a primary school. Even if it was reopened as a venue, expect complains about noise, disruption and antisocial behaviour.

It has no parking other than a 4 or 5 spaces directly outside, so any business would be 100% reliant on local trade, of which there will be none.
Forget it. It's a total dead end.

 

[denso13]

pressuming it only needs carpeting that is

Multiply the carpeting area by say £40/m² for carpet, underlay and fitting. Quite simple...

 

[blup]

That has no relevance in relation to valuing the building

Turnover is very relevant to rental stream and therefore to leasehold/freehold value. Warehousing storage and distribution is more valuable than housing atm because we want stuff the same day from Amazon and Screwfix. I wish I owned ten acres next to a dual carriageway

 

[^woody^]

View attachment 412446

He's back!

 

[muckington]

Turnover is very relevant to rental stream and therefore to leasehold/freehold value. Warehousing storage and distribution is more valuable than housing atm because we want stuff the same day from Amazon and Screwfix. I wish I owned ten acres next to a dual carriageway

Considering that it is not being sold as a going concern and the condition of it as it is not ready to trade I would still say erelivent