If you are looking to lease a pub in Plymouth, ‘The Royal Oak’ is available !
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Lease A Pub In Plymouth – The Royal Oak Is Available !
Lease A Pub In Plymouth – The Royal Oak Is Available !
The Royal Oak is a good quality community pub overlooking the River Plym estuary in a picturesque location on the outskirts of Plymouth. Internally, the pub offers a cosy space for dining and drinking with a large open fire and pub bric a brac. Three letting rooms are situated above the pub to drive further trade and additional revenue stream. Externally, a well decorated and equipped beer garden sits next to the water’s edge offering fantastic views, whilst enjoying a cold beer and bite to eat. This pub will appeal to an experienced publican who is able to build strong relationships within the community and maximise the potential of this multi-faceted pub business
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Royal Oak is a good quality community pub overlooking the River Plym estuary in a picturesque location on the outskirts of Plymouth. Internally, the pub offers a cosy space for dining and drinking with a large open fire and pub bric a brac. Three letting rooms are situated above the pub to drive further trade and additional revenue stream. Externally, a well decorated and equipped beer garden sits next to the water’s edge offering fantastic views, whilst enjoying a cold beer and bite to eat. This pub will appeal to an experienced publican who is able to build strong relationships within the community and maximise the potential of this multi-faceted pub business
Indoor trading area
This traditional pub offers space for 50 plus dining and drinking guests to enjoy. The pub has a range of good quality soft furnishings and tables and a large open fire completes this cosy ambient. Three letting rooms are available above the pub, with a convenient external entrance and exit. The main area has a great range of draught fonts and hand pulls, with a recently upgraded back bar with glass shelving and mirrors. A compact trade kitchen is situated behind the main bar and has proved capable of providing a good size traditional pub menu.
Outdoor trading area
A lovely, south facing beer garden for approximately 30 covers, has fantastic views out onto the estuary and is very popular in the warmer months.
Your living accommodation
The private accommodation is located on the second floor, and comprises of two bedrooms, for which one Bedroom is currently used as a lounge, a small office area and a small kitchen.
Surrounding area
The pub sits on the water’s edge in Hooe in Plymstock, just on the outskirts of Plymouth. It is a pleasant place adjacent to the estuary of the River Plym and has been built over the site of the once grand house and estate of Radford, the family seat of the Harris family. The pub is easily accessible by bus, car or even a short walk by the water taxi from the Barbican. There is a small local beach with views of Plymouth and the English Channel.
Local competition
Victoria Inn,Hooe Road, Plymouth, PL9 9QS (0.1 mi)
Boringdon Arms,Boringdon Terrace, Plymouth, PL9 9TQ (0.4 mi)
Clovelly Bay Inn,Boringdon Road, Plymouth, PL9 9TB (0.4 mi)
Bridge Bar & Restaurant,Shaw Way, Plymouth, PL9 9XH (0.5 mi)
Chandlers Bar & Bistro,Queen Anne Battery, Plymouth, PL4 0LP (1 mi)
Potential Turnover
£230,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £18,500.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND I
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£10,600.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £18,500.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Regional Manager’s thoughts on the Royal Oak
The Royal Oak lies in an excellent picturesque location of Plymouth, with a fantastic beer garden situated on the water’s edge. I am keen to speak to experienced publicans who have relevant food and letting room expertise to continue this successful pub business.
Simon, Regional Manager
