Royal Oak

69 Westwood Glen, Tilehurst, Reading, Berkshire, RG31 5NW

Pub overview

Fantastic opportunity in Tilehurst, Reading for an experienced operator to run a robust business in the heart of the community. Small investment planned to coincide with external re-decoration.

The Royal Oak is a fantastic opportunity for an experienced operator or couple to take over this community site. It is essential that the applicants have the experience in running pubs that are at the heart of the community: sports and local events are vital to the success of this site. The site has the facilities to introduce and drive a quality local food offering. During the summer months the garden is a key asset to the site.

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 side of the unit. Kitchen ground floor, good cellar, store room and toilets.

Trade space
Bars 2
Car park spaces 15
Food covers 20
Gardens 1
Trade kitchens 1
Patio areas 1

Practical accommodation that will need refurbishing.

Private space
Private Rooms 7
Lounge 1
Single Bedrooms 2
Double bedrooms 2
Bathrooms 1
Toilets 1

Rent information

Annual rent £35,200.00 per annum
Weekly rent £676.92 per week fixed
Notes

£35,200 per annum, £676.92 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 £25,600 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675.00 Legal £825.00
Deposit £8,800.00 Stocktaking fees £150.00
Fixtures & fittings £9,000.00 Working capital £5,000.00
Other costs £1,150.00 Total entry cost £25,600.00

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
•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)
2016/17 236 3,308
2015/16 240 3,442
2014/15 264 31 3,966
Volume notes

Location

Situated in the heart of the community in the centre of Tilehurst a stones throw from Reading. Newbury, Abingdon, Panbourne and Bracknell are with in easy reach. Just down the road from the site further development of the out of town shopping park continues with high street names very prominent.

Facilities

Trade bar
Car park
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday - Thursday 10:00 - 23:30 Friday & Saturday 10:00 - 00:30

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. ”