Dukes Head

56 Denmark Street, Wokingham, Berkshire, RG40 2BQ
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Letting Details

Description and Trading Style

The Dukes Head is a good sized operation at the end of a busy high street in an affluent town. There are five well appointed en suite letting bedrooms in a separate annex, and the bar area has a warm feel.

Location and Local Amenities

A prominent town centre location at the end of Wokingham High Street. The pub is close to offices, shops, the train station, and is surrounded by local homes. Wokingham is a busy market town with a high proportion of affluent homes and good road & rail links.

Accommodation

Trade: 3 bar areas and 1 central servery, trade kitchen, cellar, WC's and 5 en suite letting rooms (4 doubles and 1 twin with disabled access) in a barn conversion. Outside: car park, patio areas and stores.
Private: 3 double bedrooms, sitting room, kitchen, office, shower room and separate WC.

Current and Future Markets

The Dukes Head is positioned to attract local office staff & shoppers & the evening leans more towards locals. With the right offer and good marketing, there is lots of scope for trade on food, drink and rooms.

Requirements

We seek skilled & experienced operators for this prime town centre venue with good food & marketing skills to maximise the opportunity here. The pub also needs a real "mine host" character to be ultimately successful. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £14,500 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware and loose goods, training deposit. Fixtures & fittings are circa £12,000 and working capital is circa £4,562.

Trade Volumes 2017 2018 2019 To 29.7.20
Draught Beer & Cider (36 gallon units) 159.99 171.80 156.24 43.37
Packaged (litres) 776.16 504.24 532.72 162.36
Minerals (10 litres) 128.37 124.24 122.33 38.34
Spirits (litres) 213.49 280.00 255.29 59.50
Wines (litres) 681.75 957.75 627.00 201.30

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 and accommodation sales.

Guide Rent

Post Covid rent will be stepped for new tenants in year one to help build the business – steps to be agreed. Headline rent is £36,500 per annum payable weekly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year renewable tenancy agreements with an additional service charge that covers insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.

Rateable value

Draft 2017 figure £19,700. Please contact the local authority to confirm rates payable.

Licenses & Permits

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

Permitted hours

Mon - Thurs: 11.00am - Midnight; Fri & Sat: 11.00am - 01.00am; Sun: Noon - Midnight.

Current Offerings

Serves Food
Hold a party 
Stay the night 
Places to Walk
Garden / Patio
Family friendly
Dog friendly 
Park the car
Wifi access 

Current Opening Times

Mon – Sun 12pm – 2pm & 6pm – 8pm