237 Broadway, Didcot, Oxfordshire, OX11 8QJ
A fantastic opportunity to open a brand new refurbished pub and become the premier site for food in the area.
The Wallingford Arms will be positioned as a quality local food pub with an extensive draught range plus craft and real ales, alongside the draught offer will be a selection of great wines and spirits & soft drinks. The planned investment will support this vision and this pub will be the pub of choice locally for great service, drinks and food. Situated on a busy main road the pub benefits from a large car park and large external area at the front. It will have a new commercial kitchen which will be equipped to deal with the anticipated demand upon reopening. The refurbishment of the property will mean that this is a pub that will have a complete offer with the perfectly designed kitchen, cellar & of course trading space.
The internal trading area is currently open plan and this will be greatly enhanced within the scheme. There is a good sized commercial kitchen which is being developed further and ample storage to the rear of the property capable of serving a large restaurant styled offer if necessary. Currently the pub is not trading but the substantial investment in the pub when the right operator will transform this business locally. There is great potential to build a new business, maximising on several income streams and create a fantastic dining experience for Didcot.
|Car park spaces||16|
The private accommodation is all located on the first floor of the property. There are 3 bedrooms, a great family bathroom, lounge and kitchen. All of the accommodation will be refurbished throughout and finished to a high standard.
|Annual rent||£31,000 per annum|
|Weekly rent||£596.15 per week fixed|
£31,000 per annum, £596.15 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 £18,950 which includes 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). The cost of fixtures and fittings are to be confirmed but expected to be high due to the new development bringing in a new fixtures, fittings and loose catering equipment.
|Fixtures & fittings||TBC||Working capital||£7,000|
|Other costs||£4,300||Total entry cost||£18,950|
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)|
|Volume notes||This site is currently closed.|
Didcot is town that is expanding rapidly & quickly, There are approximately 3000 new houses being built just a short drive from the pub and there is more expansion planned over the next few years. The pub is 5 minutes from the A34 which is the main route between the M40 (Buckinghamshire) and the M4 (Berkshire). Its location at the center of the town means that it has a great roadside presence and with the redevelopment of the premises it will have great passing appeal and prominence.