The Star Caversham Reading Enterprise Lease For Sale

Business description

Substantial, well-established community pub in prominent location in Caversham RG4 5BB. Very large bar with games areas. Trade garden and ample parking. 4 bed owners accommodation newly refurbished.

Property information

Property:

Leasehold

Lease terms:

20 year Enterprise Inns FRI Lease with 14 years to run, current rent £28,000 pa part-tied.

Living accommodation:

4 bedrooms, living room, kitchen, bathroom, separate WC, office. All in prestine condition.

Location:

The Star is prominently positioned in Southey Avenue which is on the main radial route into Reading. The pub is brick-built and in good order throughout.

Other information

Expansion potential:

The current lessee has decided to leave for personal reasons and has not operated the business to its true potential. There is an opportunity for an energetic hands-on lessee to establish him/herself as the focal point of the community and to take the pub back to its previous trading levels of 300K and beyond.

Competition / Market:

There are plenty of pubs in the area but the Star offers more than most with its open plan bar providing multiple sporting facilities.

Support & training:

The lesee will give as much help as required between exchange of contracts and completion

Reasons for selling:

Personal reasons

Trading hours:

Sun-Thurs: 12-11pm; Fri-Sat: 12-Midnight

Financing available:

Our brokers will be pleased to discuss funding this pubco lease acquisition.

Inventory / Stock value:

£3,000