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Situated just off the Market Square in the centre of Newbury, this multi-award-winning pub is available for the first time in over 10 years. A popular establishment that is enjoyed by both the locals and visitors to Newbury. While mainly wet led the pub also offers a great food offering
The pub is well-maintained and in good decorative order, having recently been refurbished externally. The centrally located bar is traditional in style and houses plenty of beer engines for cask ales. Loose seating fills the open plan layout and the space can accommodate live music events and bands. The introduction of the Pieminister concept has been successful for the pub and the new publican should look to continue this. The trade kitchen is small but adequate to support the current food offer.
To the side of the pub is an enclosed courtyard accommodating up to 50 customers. The courtyard is heated and features its gin bar, as well as regular live music and entertainment. Due to the pub's location, there is no onsite parking, however, public car parks are available close by.
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The private accommodation comprises two bedrooms, a lounge, a kitchen and a bathroom; small but adequate for a couple.
Forecast Turnover: £542,670.70
Year 1 Rent: £0.00
Guide Rent: £38,000.00
Initial Deposit: £0.00
Full Deposit: £9,500.00
Full Tie Release: £43,250.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £12,500.00
Working Capital: £21,100.00
Stock & Glassware: £3,500.00
Cash Float: £1,500.00
Forecast Wet Turnover: £454,192.87
Forecast Dry Turnover: £88,477.82
Forecast Other Turnover: £0.00
The Catherine Wheel is a fantastic opportunity for an enthusiastic publican with experience or the desire to drive a diverse craft lager and cask ale focused customer experience. The pub’s main trade is wet led, although the introduction of Pieminister has proven very successful. Regular entertainment has also proven successful in the past, with a spacious courtyard area to the side of the pub capable of hosting live music. I am interested in speaking with anyone who can realise the potential of this pub and drive further volume.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
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