- Beer Garden
- External Drinking Area
- Catering Kitchen
Destination country inn brimming with charm and hospitality
|Reference Number:||MWMA7Q /|
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
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.
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.
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.
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).
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
Minimum Ingoings: £30,000.
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