642 Oxford Road, Reading, Berkshire, RG30 1EH
Fantastic opportunity in Reading for an experienced person to take over this established business and create the best Sports venue in town
The Royal Albion is a fantastic opportunity for an experienced person to take over this established business. It is essential that applicants have extensive experience in running a local community site where sports are a large part of the offering. They must also be prepared to be part of the local community and the driving force in promoting local events.
This site has a robust sports offering following a refurbishment of the site creating an area at the back of the site, which has 2 championship pool tables located. To the side of the site we have a covered patio area which also acts as smoking solution, this area is very popular with an external viewing screen. To the rear of the site we have a car park for c 20 cars, a second patio is located on the side of the car park with it own standalone bar.
|Car park spaces||20|
4 double rooms, 2 single rooms, 1 toilet/shower room and a kitchen. in need of modernisation
|Annual rent||£69,000 per annum|
|Weekly rent||£1,326.92 per week fixed|
£69,000 per annum, £1,326.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £37,650 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).
|Fixtures & fittings||£15,000||Working capital||£10,000|
|Other costs||£5,000||Total entry cost||£37,650|
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
•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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
This site is located on the edge of Reading town centre, in a densley populated area on the Oxford Road. To the north is Oxford with Bracknell & Wokingham to the south. This site is very much the heart of the community and is very poular with locals