Red Lion

39 Wallingford Road, Cholsey, Oxfordshire, OX10 9LG
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Letting Details

Description and Trading Style

The Red Lion is extremely welcoming. It appeals both to a locals/regulars and visitors from the immediate village, and surrounding areas.

Location and Local Amenities

The Red Lion sits on the main road into Cholsey from the larger town of Wallingford. There are plenty of shops and amenities in Wallingford, including a station with good rail links. Cholsey is also close to Didcot, Pangbourne and Newbury.

Accommodation

Trade: 2 bars, large restaurant areas (approx 80 covers in total), trade kitchen, office, utility, cellar, WC's incl disabled, stores, garden, front seating, (approx 40 covers outside) car park.

Private: 3 double bedrooms, WC, shower room and sitting room.

Current and Future Markets

Currently the Red Lion is trading as a village pub with a wide customer base and there is an opportunity to further develop the food operation.

Requirements

This pub could be right for either an experienced operator or a talented first time tenant. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £16,000 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 £17,000 and working capital is circa £4,500.

Trading Volume 2017 2018 2019 To 31.3.20
Draught Beer and Cider (36 gallons units) 179.67 186.65 164.63 27.65
Packaged (litres) 349.80 287.92 207.32 19.80
Minerals (litres) 341.00 311.58 285.84 41.92
Spirits (litres) 391.15 357.00 312.95 59.55
Wines (litres) 2,540.95 2,240.70 2,169.60 318.60

Estimated Turnover

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

Guide Rent

Post Covid rent will be stepped for new tenants in year one to help build the business 0 steps to be agreed. Annual rent is £36,000 weekly by direct debit. Retail price indexation applies to rents.

Terms

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

There is a full wet tie unless agreed otherwise.

Rateable value

Draft 2010 figure £22,200. 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, film exhibition, live and recorded music.

Permitted hours

Mon - Thurs: 10.00 am - 00.30am, Fri & Sat: 10.00am - 01.30am, Sun: 10.00am - 00.30am

Current Offerings

Serves Food
Average price of main course under £12
Hold a party 
Places to Walk
Garden / Patio
Family friendly
Disabled access 
Dog friendly 
Park the car
Wifi access 

Current Opening Times

Opening times: Mon – Sat 12pm – 11pm, Sun 12pm – 10.30pm Food times: Mon – Tue 12pm – 2.30pm, Wed – Sat 12pm – 2.30pm & 6pm – 9pm, Sun 12pm – 3pm