CALL US NOW ON 01902 374940

Halfway Inn

Bath Road, Newbury, Berkshire, RG20 8NR
Enquire now
DESTINATION SITE

Facilities

Beer Garden
External Drinking Area
Catering Kitchen
Restaurant/Dining
  • Beer Garden
  • External Drinking Area
  • Catering Kitchen
  • Restaurant/Dining

Location

Destination country inn brimming with charm and hospitality

Ingoing Cost: £30,000.00
Rent: £32,000.00
Agreement Type: Tenancy
Reference Number: MWMA7Q /

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

Property Features:

Newbury is a market town in Berkshire, England, which is home to the administrative headquarters of West Berkshire. The town centre, around its large market square, retains a rare medieval Cloth Hall, an adjoining half-timbered granary, and the 15th Century St Nicolas Church, along with 17th and 18th Century listed buildings. 

Well situated on the Bath Road this pub features a strong roadside presence as a traditional public house. Internally the décor is a unique reflection of the personalities of the current operators, which the regular guests love. There is an opportunity for an incoming food-focused operator to be involved in working up an internal scheme that is in keeping with their future vision for the pub.

The garden and patio benefit from a wood-fired pizza oven. 

Trading Style:

The Halfway Inn is a destination gastropub with an excellent reputation for high-quality food. The pub straddles the line between bar and restaurant, and its diverse menu attracts an upmarket clientele of loyal guests. There is a great opportunity here for a new operator with a food focus to capitalise on the existing reputation and develop an exciting future concept for the pub.

Private Accommodation:

There is extensive domestic accommodation comprising four bedrooms, two bathrooms, a lounge, kitchen and office.

Key Financial Information

Please be aware energy performance certificates are available from the landlord.

INGOINGS BREAKDOWN:

Rent: Initially 10% of Net Turnover, with a base rent of £32,000 per annum prior to refurbishment.  Anticipated post-investment base rent of £60,000 p.a. Capped at £95,000 p.a. (dependent on the final scope of works).

Deposit: £7,500

Training fee: £750

Working capital: (circa) £5,000

Fixtures and Fittings: Circa £25,000 plus new inventory to be agreed as part of the investment. Anticipated total F&F value of £70k – £80k.  (Inventory is an estimate net of VAT. Loan facilities are available for the 

TOTAL: £38,250

Minimum Ingoings: £30,000.

MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.

The information and images displayed about this property comprises a property advertisement. FindMyPub.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and FindMyPub.com has no control over the content.