We have unlocked the potential of The Mill after a significant investment and are now looking for a passionate and experienced licensee who shares our vision for this stunning community pub located on the outskirts of the affluent Berkshire market town of Thatcham, just 3 miles away from Newbury. Thatcham straddles the River Kennet and Avon Canal and is served by Thatcham railway station on the line between Reading and Newbury, making it an easily accessible location.
The pub itself is situated on a busy roundabout on the edge of the town in a densely populated area adjacent to a shopping centre with no direct competition. The pub possesses all of the amenities required for a multi-income stream, high turnover operation, zoned trading space, a well equipped commercial kitchen, ample car parking and a large beer garden.
Pub Layout
The pub is purpose-built; modern single storey building, built to serve the local community. Internally, it is beautifully decorated, warm, and welcoming with a spacious open plan bar area. The bar is the central point of the pub, serving the various zones - making this the perfect local for all occasions, be it drink or a food driven visit. The thoughtful layout means the captive audience is huge, with plenty of space to catch up with friends - whether having a bite to eat or a drink, play darts or pool, watching the match or enjoying the weekend entertainment.
In addition to the car parking, there is an overflow car park via the shopping precinct, which can come into use if required. The spacious commercial kitchen, which is used for lunchtime and evening traditional food menu, can easily support functions, parties, delivery offer - on top of the core offer. Externally, there is plenty of outdoor space to hold a variety of events in the warmer months such as BBQs and beer festivals.
The private accommodation offers spacious 3-bedroom accommodation, alongside a lounge, kitchen, bathroom and office.
Annual Rent: TBC
Security Deposit: £5,000
Working Capital: £10,000
Stock: £5,000
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
We are looking for an experienced and commercially driven licensee, who will enjoy engaging with the vibrant local community. They will have clear plans and vision for this business which must be demonstrated by way of a business plan. Our vision, is that this pub should be the home from home for the local community with strong reasons to visit, a strong rhythm of the week and a compelling food offer – including a famously traditional Sunday lunch offer.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
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
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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