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Greyhound

High Street, Wargrave, Reading, Berkshire, RG10 8BU
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Premium Listing

LEASE ASSIGNMENT

Facilities

Beer Garden
Catering Kitchen
Function Room
Smoking Solution
Team Games
Car Park
Live Sports
Wi-Fi
Partial Tie
  • Beer Garden
  • Catering Kitchen
  • Function Room
  • Smoking Solution
  • Team Games
  • Car Park
  • Live Sports
  • Wi-Fi
  • Partial Tie

Location

Offers invited on this 20 year + lease

Ingoing Cost: £25,000.00
Rent: £28,000.00
Agreement Type: Lease / Lease Assignment
Reference Number: LKMBNW / 170418

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

Wargrave is a large, historic village in Berkshire. Located on the River Thames Wargrave is situated in the A321 road 7 miles from both Maidenhead and Reading and 3 miles from Henley on Thames.

The Greyhound is a traditional one bar, three-room community pub located in an attractive village environment. The property is very characterful with fires and beams, although we are advised it is not listed. There is a small kitchen area which could be utilised to increase trade from the introduction of a food offering.

There is an external smoking solution, as well as a car park for circa ten cars and a large garage and an outbuilding. 

Trading Style:

Set by the River Thames in Wargrave the Greyhound dominates the main crossroads and offers a wide range of real ales, fine wines and most importantly a warm welcome.

There is potential to develop the food offer at the Greyhound, so some experience of creating and delivering a food offer would be greatly advantageous. What will be essential is the desire to be a part of the community and the vision to drive further drive trade to the site.

Private Accommodation:

This consists of a three-bedroom residential flat

Key Financial Information

Please note that the energy performance certificate is available from the landlord.

Free of Tie on cider, wines, spirits, minerals and one guest ale.

The lease is an old 30-year lease from 15/12/1995 at a current rent of £28K pa with a rent review due on 15/12/2020.

Any assignment would require landlord’s consent and any applicant would have to provide proof of funds and an undertaking for costs as well as a business plan with P&L forecast.

No trade is sold or warranted, however, trade is in the region of £177K pa net of VAT.

Potential for Free of Tie agreement at next rent review using MRO option.

*Please note further funding will be needed for dilapidation, working capital and stock at vaulation

 

 

 

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