Hope and Anchor

Station Road, Wokingham, Berkshire, RG40 2AD
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Letting Details

Description and Trading Style

The Hope & Anchor is a large traditional pub serving the local residents and daytime office trade around a strong real ale offer. Currently not serving food . The pub has a reputation for live music and BT darts and pool teams.

Location and Local Amenities

The pub is in a prominent location at the top of Station Road opposite the offices of Wokingham District Council. The town has much to offer with many shops, eateries, a good choice of local schools with very good road and rail links.

Accommodation

Trade: Large bar, tables and chairs for about 40 covers, cellar, kitchen (1st floor), garden with covered patio and BBQ area, stores. 3 en suite letting rooms with own entrance
Private: 3 double bedrooms, WC, bathroom, and living room.

Current and Future Markets

There is potential to further re-launch a food offering and build on a strong existing wet trade to target a wider range of the large town centre market in Wokingham. The live music element and the letting rooms offer potential for income growth.

Requirements

An experienced operator with an understanding of town centre management is best suited for this pub. He or she will preferably have a hands on approach and a desire to develop both and food and drink offers. All applicants must have or be able to apply for a personal licence

Estimated Ingoings

Circa £11,500 to include a security deposit (3 months of base rent), rent , service charge and insurance advance, stock, glassware, loose goods and training contribution. Fixtures & fittings are circa £10,000 (excl Vat) and working capital is circa £3,625

Trade Volumes (FOT=Free of Tie) 2018 2019 2020 Covid To 4.11.21 Covid
Draught Beer & Cider (36 gallon units) 215.65 185.30 73.00 53.00
Packaged (litres) 1,138.00 956.00 394.68 435.00
Minerals (10 litres) 130.00 95.12 34.80 39.90
Spirits (litres) FOT FOT FOT FOT
Wines (litres) 873.00 685.50 207.00 125.00

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

£29,000 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 property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.

Rateable value

Draft 2017 figure £23,000. Please contact the local authority to find out actual rates payable.

Licenses & Permits

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

Permitted hours

Mon – Thurs: 10.00am - Midnight Fri & Sat: 10.00am – 01.00am Sun: 10.00am - Midnight

Current Offerings

Hold a party 
Stay the night 
Cask Marque
Garden / Patio
Family friendly
Disabled access 
Dog friendly 
Wifi access 

Current Opening Times

Sun – Thur 12pm – 11pm, Fri 12pm -12.30am, Sat 12pm – 1am