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Beer Garden
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External Drinking Area
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Car Park
Property details
The Pike and Eel is a community estate pub built in the mid-1900s (60’s at a guess). It shares space in the middle of the estate with a parade of shops and a school and is next to a large piece of open communal ground. It can be accessed from the shops, the estate itself, or across the communal park ground. The area is heavily populated with a strong working-class profile and families.
The pub can be entered from the front or side door to the rear, the cellar is street level. When entering from the front, you can either go right into the smaller trading area, set out as a bar, or continue straight through a corridor (past the toilets) to a larger room which can be used as a function/entertainment or normal trading area. The pub is decorated to a good standard. From the larger room, you can exit onto a covered decked veranda area which overlooks the communal grassed area. The bar connects the two trading areas for the staff but not the customers. The larger room has a long bar the length of the room.
The private accommodation consists of three bedrooms, a kitchen, a lounge, and a bathroom.
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Cask Ale
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Catering Kitchen
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Team Games
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Pool Area
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Live Sports
Trading style
The Pike and Eel is the true definition of a well-supported community estate pub. The pub trades on a wet-only basis and is well known for offering televised sports, getting involved in local charities, and hosting events. During the weekends, the pub comes alive with a strong entertainment programme such as discos and live music. The offer is value but presented well. Whilst there is no catering kitchen the new licensee may wish to implement a back bar snack offer in terms of a pie or pizza oven. The landlords have in-house support to help launch this.
The landlords envisage that the Pike & Eel should be the heart of the community with a strong rhythm of the week supporting local teams such as Darts, Pool, Crib, Dominoes, and Football and support local charities. Whilst there is no catering kitchen the new licensee may wish to launch a small back bar food offer such as pizza or pie oven.
Key financials
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Reference Number:
IU3WDL / P04134
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£6,000.00
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Annual Rent:
£18,400.00
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.
Annual Rent: £18,400
Security Deposit: Initial deposit of £2,000, building up to £5,000 or the equivalent of three months’ rent, whichever is greater
Working Capital: £2,000
Stock: £2,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drink categories are tied. For fully funded licensees on long-term agreements, the landlords offer free-of-tie options for certain drinks categories in exchange for an annual fee.