Run a Stonegate Pub - Red Lion Upper Basildon

The Red Lion is a stunning property situated in Upper Basildon. The interior has a traditional styled aesthetic creating a cosy internal trading area. The inside consists of a lounge bar area with a working Inglenook fireplace, a snug, and a restaurant with 40 plus covers. The pub contains all the facilities for a great food led business. The pub is situated within an excellent catchment area so comes with a strong customer base and an even stronger reputation. The huge external trading area is a brilliant amenity in this property, which can seat up to 100 people.

Stonegate Pub Partners are seeking a publican who can maintain a strong local customer base by developing the current offerings whilst also immersing themselves within the local community.

 

Key Features

·  Low ingoing's & flexible terms available

·  Huge outdoor space catering up to 100 covers

·  Restaurant area with 50 covers

·  Three-bedroom private accommodation ideal for a small family

·  Discounts of up to £110 per barrel but has an average of £90 per barrel

 

Agreement:

Retail Partnership Tenancy

Guide Rent:

£33,000 pa

Potential Turnover:

£395,000 pa

Fixtures / Fittings:

Est. £30,000

Capital Startup:

Est. £18,250

 

The pub provides a fantastic opportunity for an experienced publican with a history of operating to utilise the pub and extensive gardens to their full maximum. As a rural community pub, The Red Lion is in a perfect location to gain footfall from the surrounding villages and become an ideal destination for customers to visit to continue experiencing the current wet and food offerings.

The pub sits in the affluent village of Upper Basildon in rural Berkshire and has been a popular destination for many years with its warm atmosphere and traditional pub character. The pub sits on a crossroads close to Pangbourne and about 9 miles from Reading. The excellent catchment area of this property encourages footfall from families who attend the local school. With brilliant travel links and a bus stop at the front of the property, it is a fantastic location for gaining attraction from the surrounding local villages.


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