Under Offer

Royal Albion

642 Oxford Road, Reading, Berkshire, RG30 1EH

Gallery

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Pub overview

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.

Trade space
Bars 1
Car park spaces 20
Food covers25
Trade kitchens 1
Patio areas 2

4 double rooms, 2 single rooms, 1 toilet/shower room and a kitchen. in need of modernisation

Private space
Private Rooms9
Single Bedrooms2
Double bedrooms4
Private Kitchen1
Bathrooms1
Toilets1

Rent information

Annual rent£69,000 per annum
Weekly rent£1,326.92 per week fixed
Notes

£69,000 per annum, £1,326.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

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).

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£15,000Working capital£10,000
Other costs£5,000Total entry cost£37,650

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
•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

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/183076585,099
2016/173511,3186,945
2015/163481,3297,103
Volume notes

Location

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

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Facilities

Trade bar
Car park
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday-Thursday - 06:30-00:30 Friday & Saturday - 06:30-01:00

Contact Us

Graeme Marley

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ Ideal for an experienced operator who is used to running town drinking sites, with a 'home produced food offer', giving value for money. The operator must also be prepared to be part of the local community and a driving force in promoting local events. Excellent opportunity to develop a robust sports offering ”