Are you looking to lease a pub in Ilsey? If so, ‘The Harrow’ is available !
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Lease A Pub In West Ilsley – The Harrow Is Available
The Harrow is over 300 years old and situated in the idyllic hamlet of West Ilsley, Berkshire. Nestled in the heart of The Downs, the area has a rich heritage for horserace training and is only 12 miles from Newbury Racecourse. The pub is also just 2.5 miles from the famous Ridgeway which attracts many visitors every year. The population of West Ilsley is less than 400 but the pub is near the main A34 with good access to both Oxford, Didcot, and surrounding areas.
Pub Layout
The pub is a single bar operation with the servery opposite the main entrance. The trading space is a good size with about 40 covers and easy access into the well sized and fully equipped kitchen. Decoratively the pub is in good order with a classic country feel, a mix of seating styles and a nod throughout to the racehorse training area. There is a space at the front of the pub directly opposite the village cricket green for about 10 benches and a lovely little side garden to the left with another four benches. The pub also benefits from a small private garden. There is no customer parking, however there is off road parking opposite and along the road into the village.
The pub has been trading on a lease and is only coming to the market as the current licensee is retiring. This is fantastic chance for someone to re-establish a country pub with a good food offer, serving local real ales, good wines & spirits and re-engaging with the local community and putting The Harrow back on the map as the place to visit. There is a championship winning stable in the village which presents a great opportunity to network with the local workers & jockeys at the stable, the race going visitors & owners of the nearby racecourse. The area attracts both many walkers and cyclists each year and is another income stream that be utilised with home-made cakes, sandwiches, coffees, and Sunday roasts.
Private Accommodation
The private accommodation consists of two double bedrooms, a lounge, a bathroom with separate toilet and one room as an office space.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Annual Rent: £24,500 – Stepped rent available
Security Deposit: £5,000
Working Capital: £5,000 – £10,000
Stock: £5,000
F&F: TBC (Funding options may be available)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 17500
Annual Cost: 24500
The right licensee will have experience of running and advertising/promoting a rural pub that has under traded will be key to future success. We are looking for someone with a proven track record of delivering a good food offer and experience in running a rural community pub with the skillset to re-engage with the regulars, local country sports community and develop a reputation for the place to visit within the surrounding area. Food here will be critical. Needs to be good quality, locally sourced and classic menu without being too gastro or upmarket.
