FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
FindMyPub.com
Function Room
FindMyPub.com
Car Park
FindMyPub.com
Restaurant/Dining
Property details
The pub is situated in the village of Caversham just outside Reading on a main road between Reading and Henley. The pub is within walking distance of Reading with its universities and shops. The Reading lakes and Thames are nearby as well as the village of Sonning.
Internally there is a 120-cover bar/restaurant area, an additional function room with circa 40 covers, and a separate function suite with circa 80 covers with its' own bar and kitchen. A large commercial kitchen with extensive storage areas.
Externally there is a beer garden and a large car park.
The private accommodation is large and consists of three bedrooms and a two-bedroom assistant flat.
FindMyPub.com
Catering Kitchen
FindMyPub.com
Team Games
FindMyPub.com
Pool Area
FindMyPub.com
Experienced Operator
Trading style
The pub currently trades as a large community pub with a value offer, of 50% wet and 50% dry. The local crematorium provides regular function trade.
The current value offer presents a good opportunity to move the pub into a more mainstream offer catering to the surrounding Caversham community.
Due to its size and trading, the pub will require an experienced pub operator with extensive knowledge of both wet and food operations with additional function experience. Applicants must have or be able to apply for a personal licence.
Key financials
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Reference Number:
IL3NZO /
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Agreement Type:
Lease / Tenancy
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Min Ingoing Cost:
£30,000.00
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Annual Rent:
£60,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Rent - £60,000 per annum payable weekly in advance by direct debit. Retail Price Indexation applies to rents.
Estimate ingoings - Circa £30,000 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware, loose goods, and training contribution
Additional Ingoings:
Fixtures & Fittings are circa £60,000 (EXCL Vat)
Working capital is circa £20,000
The current rateable value is £TBC. Please contact the local authority to find out the actual rates payable.
Terms - Five-year tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment, etc. There is a full wet tie unless agreed otherwise.