Cross Keys

48 High Street, Wallingford, Oxfordshire, OX10 0DB
Get directions Printable letting details Floorplans EPC Premises Licence

Letting Details

Description and Trading Style

The Cross Keys is a locals style pub which has a good reputation and well established wet trade. Known for excellent charity fundraising activity, the Cross Keys is prominent in the local community. There is a darts team and a pool table.

Location and Local Amenities

The Cross Keys is located at the end of Wallingford High Street, about 500 meters from the town centre. Wallingford is an attractive medieval Thameside town steeped in history with a ruined castle, rowing clubs and good local amenities. The town is within easy reach of Oxford & Reading.

Accommodation

Trade: One central bar serving 4 rooms with original features, a wood burning stove, WC's, kitchen (domestic), cellar & stores, large car park, large garden and decked area.
Private: 3 double bedrooms, sitting room and bathroom.

Current and Future Markets

The current trade is wet led with good volumes. There is real potential here for an experienced team with upfront personalities to continue to develop this pub. Opportunity to develop a small food operation.

Requirements

We seek mine host experienced community operators or a couple with a background in running locals style pubs. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £8,500 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware, loose goods and training deposit. Fixtures & fittings circa £8,000 and working capital £3,000.

Trading Volumes 2015 2016 2017 (closed 16.6.17) Opened 21.3.18 - 5.12.18
Draught Beer and Cider (36 gallon units) 165.08 121.86 34.14 48.42
Packaged (litres) 473.88 487.08 109.56 390.72
Minerals (10 litres) 185.32 132.06 14.07 28.10
Spirits (litres) 121.60 86.00 18.90 48.30
Wines (litres) 252.66 177.71 32.24 393.75

Estimated Turnover

You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food sales.

Guide Rent

Steps up to a headline rent of £12,000 per annum payable fortnightly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year renewable tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc.

Rateable value

Draft 2017 figure £15,000. Please contact the local authority to confirm actual rates payable of £7,200.

Licenses & Permits

Sale of alcohol by retail for consumption on and off the premises, live & recorded music and dancing.

Permitted hours

Mon - Sun: 11.00am - 00.30am

Current Offerings

Hold a party 
Garden / Patio
Watch Sports
Pool table 
Family friendly
Disabled access 
Dog friendly 
Park the car
Wifi access 

Current Opening Times

Mon- Thur 1pm-12am, Fri – Sun 12pm – 12am