Prince of Wales

64 Shepherds Lane, Bracknell, Berkshire, RG42 2BT

Pub overview

Fantastic opportunity in Bracknell for an experienced operator to create a robust business in the heart of the community.

The Prince of Wales is a fantastic opportunity for an experienced couple to take over this community site. It is essential that the applicants have the experience in running houses that are at the heart of the community: sports and local events are vital to the success of this site. The site has a well positioned trade kitchen which is ideal for a value food offering.

Well positioned 2 bar site. The site enjoys a large car park with a good sized enclosed trade garden and an excellent smoking solution to the rear. Kitchen ground floor, good cellar, store room and toilets.

Trade space
Bars 2
Car park spaces 20
Gardens 1
Trade kitchens 1
Patio areas 1

Spacious living accommodation on the first floor, 4 bedrooms, 2 bedsits rooms, kitchen, bathroom, lounge and office. This area requires a refurbishment but is an opportunity to create a fantastic living area. There is a separate access if the bedsit rooms are to be utilised.

Private space
Private Rooms 12
Lounge 2
Single Bedrooms 1
Double bedrooms 3
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £28,000.00 per annum
Weekly rent £538.46 per week fixed
Notes

A rent of £28,000 per annum £538.46 per week fixed and subject to annual RPI increase, which is capped.  Paid weekly by direct debit. *Machine Income free of tie*

Approx £32,300 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £15,000.00 Working capital £5,000.00
Other costs £4,650.00 Total entry cost £32,300.00

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•FOT on machines income
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 195 1,084 3,294
2015/16 235 1,635 5,767
2014/15 237 1,208 4,248
Volume notes

Location

The site is situated in the heart of the community just on the edge of the town centre of Bracknell. Sunningdale-Ascot , Crowthorne, Wokingham & Bagshot are near by. The centre of Bracknell is undergoing major development with a lot of high street names moving into the local out of town shopping park.

Facilities

Trade bar
Car park
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Mon to Sat 11:00 - 23:30 Sun 12:00 - 23:00

Contact Us

Graeme Marley

Business Development Manager

Call us today 01284 714 497

Apply online
“ Excellent opportunity for an experienced operator who is used to running a community site with a value food offering. The operator must be prepared to be part of the community and the driving force behind the local events. ”