BERKSHIRE - PUB WITH PLANNING PERMISSION

The Red House is a traditional wet-led public house located in a residential area of Newbury. The property has recently been granted planning permission for conversion into three residential units.

The Red House is situated in a residential area in the sought after Berkshire town of Newbury. This market town is situated in the Valley of the River Kennet, approximately 26 miles south of Oxford, 25 miles north of Winchester and 20 miles west of Reading. The local economy is inter-related to that of the eastern M4 corridor which has most of the industrial, logistical and research businesses close to Newbury, notably the headquarters of Vodafone UK and software company Micro Focus International. It is also well known for its Racecourse.

Newbury is situated on the A339 a short drive from the M4 at junction 13, with the M3 lying a short drive to the south. The A34 also provides fast road connections to Andover and Winchester. Newbury is served by two Railway Stations, Newbury and Newbury Racecourse which both lie on the Reading to Plymouth line with services to London Paddington, Reading and Hungerford. The area is serviced by a number of local bus routes.

The Red House occupies a two and three storey public house of red brick construction under a pitched tile roof. The property is located along Hampton Road, a tranquil residential area within a short walking distance to Newbury Station and the town centre. Despite its character the property is not a listed building.

GROUND FLOOR
Entrance from Hampton Road directly into main bar. This traditional bar area is presented with carpeted flooring and is serviced by a wood built bar servery with marble top. The servery houses a glass washer as well as two double drinks fridges. The bar area houses a pool table, dartboard, projection screen, arcade machine, juke box and flat screen TV. Currently the bar provides seating for 28 with room for a further eight sat at the bar. Leading to the rear of the property there is a lobby area which in turn leads to both Male and Female WC's.

The property is serviced by a ground floor cellar which also houses an ice machine.

To the front of the property there is a small storage area with loft storage above.

FIRST FLOOR
Private Owners Accommodation accessed via internal or external staircases comprising:
Kitchen
Living Room
Bathroom
Double Bedroom
Decked Roof Terrace

SECOND FLOOR
2 x Double Bedroom

The owners accommodation is currently let on short term agreements generating a combined income circa £1,250 per calendar month all in.

Our clients have owned and operated the Red House for the past 26 years and operate the pub as a wet led public house serving residents in the immediate surrounding vicinity. The business benefits from two pool team as well as a darts team and proves popular for theme nights centred around music. The business offers BT Sports.

It is our understanding that the business generates a gross turnover in the region of £100,000 per annum. Further accounting detail will be made available to seriously interested parties following a formal viewing.

Freehold £380,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.

No direct approach to be made to the business, with all communications directed through Sidney Phillips.

Viewing strictly by appointment only.

A Full Premises Licence is held.

All mains services are connected.

Rateable Value is £6,050 and is therefore exempt from business rates.

The property benefits from planning permission for change of use from Public House and conversion into:
1 x One bedroom flat
1 x Two bedroom flat
1 x Two bedroom maisonette

Full details and plans are registered with West Berkshire Council under reference 20/01509/FULD.

Any prospective purchasers should make their own enquiries with the relevant Local Authority.