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Lease a pub - Packhorse, Steventon, Oxfordshire

Packhorse, Oxfordshire

REDUCED INGOINGS NOW £149,950 Landmark Oxfordshire public house with high turnover of food due to its excellent location! ...

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Emmbrook Inn

Emmbrook Road, Wokingham, Berkshire RG41 1HG

RARE OPPORTUNITY TO TAKE ON GOOD QUALITY LETTING ROOM BUSINESS TOGETHER WITH A SOLID COMMUNITY PUB CUSTOMER BASE.

A good site on the edge of Wokingham town centre. Stand alone development consisting of a letting room block built five years ago which has been maintained to a very high standard. Comprises of 12 excellent standard rooms, one bar with good facilities and a mid market steady trade.

Summary

 

AGREEMENT:

21 Year Lease Assignment

TYPE OF TIE:

Only on draught & packaged beer

ENTRY COST FROM:

£160,000

ANNUAL RENT FROM:

£65,000 p.a. + vat

Useful Information

PUB CLASSIFICATION:

TOWN COMMUNITY

Location:

View map

UpMyStreet.com - What's In The Area

REGIONAL MANAGER COMMENTS

"This site is a great opportunity for licensees to develop and build on letting room trade and grow an established community pub customer base."

ROBIN TIDD
REGIONAL MANAGER

T: 07974 132352

GENERAL INFORMATION

LOCATION

Approximately half mile from town centre, within easy reach of Reading and M4 link Has something of a "village" feel about it.

TRADE AREAS

12 ensuite rooms, 10 double/ 2 twin (1 double has disabled facility). Built over five years ago, has been kept in first class condition. The Emmbrook Inn has one bar and ground floor kitchen plus cold room on ground floor level, decked patio to front and small garden to rear, externally benefits from 24 car parking spaces, smoking area and a garden. Guests breakfasts can be set up in bar area, easy access to kitchen.

PRIVATE ACCOMMODATION

Private accommodation consists of two large bedrooms, lounge, toilets, bathroom, shower and a small office.

BUSINESS INFORMATION

AGREEMENT DESCRIPTION

21 Year Morland Lease - expires May 2015. (next rent review May 2012)

COSTS

Current Licensees are looking for offers in the region of £160k which would include goodwill, fixtures and fittings plus stock.

RENT

£65,000 per annum, £1250 per week + vat. Paid monthly in advance by direct debit.

VOLUME

Annual Turnover Figures The last 3 years audited accounts show an average turnover of the following: Total sales c. £400,000, spilt approximately 75% liquor/ 20% rooms/ 5% food.

CURRENT PREMISES LICENCE OPENING HOURS

Monday to Saturday: 7am to 2am Sunday: 10am to Midnight

WHAT TO DO NEXT

WHO SHOULD APPLY

Would ideally suit applicants with knowledge and skills of operating letting rooms and combining this with developing wet and food trade in pub.

VIEWING/INTERVIEW DAY

Informal viewings can be made by either visiting the pub as a customer, or telephoning Regional Manager Robin Tidd on 07974 132352. There will be an opportunity to view the property formally on to be arranged (please check before viewing if first closing date has passed). We will contact you to give you a specific appointment once we have received your completed application.

HOW TO APPLY

Once you have viewed the property and identified that it's right for you, the next step is to complete an application form. This can be done online at www.greenekingpubs.co.uk. If you do not have access to the internet, or have already completed an application form, please telephone 01284 714497 to register your interest.

Click to contact recruitement team about the pub