Perch & Pike

The Street, South Stoke, Reading, RG8 0JS
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Letting Details

Description and Trading Style

The Perch & Pike is a traditional village inn with 4 en suite letting rooms. The food is freshly cooked with ingredients mainly sourced locally.

The pub is in excellent condition throughout.

Location and Local Amenities

South Stoke is situated on the edge of the Chilterns. The area attracts walkers, cyclists and horse riders. The river Thames passes through the village and the Didcot Railway Centre, Cholsey & Wallingford Railway, the Ridgeway National Trail, the Thames path, Basildon Park and Beale Park are nearby attractions.

Accommodation

Trade: Two bar areas (28 covers), a small snug area and restaurant area (40 covers). Kitchen, cellar and 4 en suite letting rooms, currently 3 double and one twin. Terrace (40 covers). Garden area (60 covers) and a large car park.
Private: Two double bedrooms, sitting room, shower room, small kitchenette and office/3rd bedroom.

Current and Future Markets

The pub currently attracts customers mainly from surrounding villages and towns, Goring, Streatley, Reading, Wallingford, Maidenhead, Didcot etc.

Requirements

We seek an experienced couple with a strong offering and experience of letting rooms ideally. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £18,000 to include a security deposit (3 months of base rent), rent, service charge & insurance advance, stock, glassware, loose goods and training deposit. Fixtures & fittings are circa £20,000 and working capital is circa £5,300.

Trading Volume 2016 2017 2018 2019
Draught Beer and Cider (36 gallon units) 105.62 144.18 137.95 132.13
Packaged (litres) 79.20 151.32 244.44 315.36
Minerals (10 litres) 311.37 220.85 265.28 219.04
Spirits (litres) 101.10 152.90 177.10 167.10
Wines (litres) 2,492.89 3,115.78 3,302.97 3,232.16

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

£42,500 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. There is a full wet tie unless agreed otherwise.

Rateable value

Draft 2017 figure £19,750. 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.

Permitted hours

Mon - Sat: 11.00am - 23.00pm, Sun: 12.00am - 22.30pm

Current Offerings

Serves Food
Hold a party 
Stay the night 
Places to Walk
Cask Marque
Garden / Patio
Family friendly
Sports free zone 
Disabled access 
Dog friendly 
Park the car
Wifi access 

Current Opening Times

Opening times: Mon – Fri 11.30am – 3pm & 5.30pm – 11.00pm, Sat 11.30 am – 11.00pm, Sun 12pm – 6pm, Sun evenings CLOSED.
Food times: Breakfast (GUESTS): 7.30am – 9.30am Mon – Fri 12pm – 2.30pm & 6.00pm – 9.00pm, Sat 12pm – 2.30pm & 6pm – 9pm, Sun 12pm – 2.30pm, Sun evening CLOSED