Property Description
The Railway Tavern offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The Area:
The pub benefits from being one of 30 pubs in an area of around 5,000 adults. The local customer base is made up of mid to high affluence town-centre residents and a large number of transient consumers using local amenities.
The Railway Tavern is in a prime town centre location in Reading, with a train station and high street amenities just a short walk away. It’s ideally placed to serve a wide range of customers - from regular locals and after-work drinkers to sports fans and weekend socialisers.
The Offer:
The Railway Tavern is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment includes full internal and external redecoration, new flooring, upgraded toilets, new signage and lighting, and some new furniture and bric-a-brac. The bar will be resized to allow for the addition of darts and pool - enhancing the pub's sports and community offer. The external shelter will also be redecorated to improve kerb appeal.
This is a great opportunity to take on a vibrant town centre pub with a strong focus on sports and a welcoming feel for locals. With the right operator and a strong rhythm of the week, there’s real potential for this pub to stand out in Reading’s busy market.
We’re always open to new ideas - what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Railway Tavern will have extensive experience in hospitality businesses. They will have a clear vision for their rhythm of the week, sports offer and customer service, and can create a memorable town centre experience that appeals to a broad mix of customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
The Railway Tavern will be undergoing a refurbishment which will cover the internal and external areas of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section.
The pub’s trading area and facilities post refurbishment will be:
Main trading area with bar
88 internal covers
18 external covers
Space for pool and darts
HEINEKEN SmartDispense®
Four-bedroom private accommodation
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation consists of four bedrooms, kitchen, bathroom, lounge, toilet and office.
Premises licence available on request.
Agreement Type
Investment Tenancy
Property Facilities
Outdoor Trade
Live Sports
Cask Ale
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
