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Beer Garden
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External Drinking Area
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Letting Rooms
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Car Park
Property details
Named after a locomotive and once owned by British Rail, the Prince of Wales is a characterful, wet-led community pub with four letting bedrooms, occupying a prominent position in the sought-after market town of Reigate, Surrey.
Set at the foot of the North Downs, Reigate is one of Surrey’s most attractive and affluent market towns, offering strong local demographics, excellent commuter links and a vibrant town centre. The Prince of Wales benefits from a prime footfall location next to Reigate railway station and within easy reach of residential neighbourhoods, the town centre, Reigate Castle, Priory Park, Reigate Caves, and a wide network of walking routes, giving the pub access to residents, commuters, visitors and destination trade.
Internally, the pub offers a flexible trading layout with a feature servery, relaxed bar area, lounge bar, pool room and darts area, providing approximately 50 covers in total. A good-sized trade kitchen supports the food opportunity, while the four letting bedrooms on the second floor, three doubles and one twin, three of which are en-suite, create an additional revenue stream for an operator able to manage accommodation alongside the core pub business.
Externally, the pub benefits from a small, covered rear patio leading to a long, enclosed shingled garden with bench seating, an outdoor BBQ area and a private customer car park.
The private accommodation is set out on the first floor of the building and includes two double bedrooms, a large lounge, kitchen, bathroom and small balcony area.
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Catering Kitchen
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Team Games
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Pool Area
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Experienced Operator
Trading style
Currently trading seven days a week from midday onwards, the Prince of Wales already possesses a strong community base, attracting after-work trade, friendly regulars, pool and darts players, quiz teams, live music customers and private event bookings. A simple daily food offer is in place, focused on burgers, chicken, loaded fries and sides, providing an excellent foundation for an experienced operator to develop an extended, quality food offer alongside a well-run wet trade.
The Prince of Wales presents an exciting opportunity for a capable, hands-on operator to reposition the business and unlock its full potential across wet sales, food, events and accommodation. Available quickly for the right applicant, flexible agreement options are available to include a traditional tenancy or a partnership agreement. It is looking for an experienced, commercially minded operator with the energy, standards and marketing drive to run a multi-faceted business and bring together all areas of trade. The ideal applicant will be confident delivering great beer, quality food, engaging events, strong local marketing and a welcoming accommodation offer, in order to re-establish the Prince of Wales as a stand-out pub in Reigate.
Key financials
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Reference Number:
Z55YD7 / SN-RH2
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£16,500.00
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Annual Rent:
£48,100.00
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.
Estimated capital requirements:
- Trading deposit £5,000
- Contract deposit (Refundable on the day of change): £500
- Maintenance scheme (Plus monthly payments of £50) £1,000
- Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker): £10,000
- Stock, glass & crockery (Estimated, subject to an independent valuation by a trade broker and stock taker): £3,000
- Training deposit (£500 Refundable on completion of training) £1,000
- Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
- Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC
Working capital £6,000
Total estimated ingoing charges £26,500
Minimum capital considered £16,500
A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.
Fixed Rental Structure:
- Year 1 £48,100
- Year 2 £52,000
- Year 3 £53,144
- Year 4 £54,392
- Year 5 £57,200
This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act 1954, Part II '. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.