69 Westwood Glen, Tilehurst, Reading, Berkshire, RG31 5NW
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.
|Car park spaces||15|
Practical accommodation that will need refurbishing.
|Annual rent||£35,200 per annum|
|Weekly rent||£676.92 per week fixed|
£35,200 per annum, £676.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
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).
|Fixtures & fittings||£9,000||Working capital||£5,000|
|Other costs||£1,150||Total entry cost||£25,600|
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)|
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.