Property Description
We’re planning to transform The Royal Oak formerly known as The Chough into a community wet led pub.
What would you do with this pub to make it a success?
The area
We’re investing in The Royal Oak which was formerly known as The Chough in Brentwood, Essex, to revitalise this community pub. As the only pub situated in the heart of a housing estate, it serves over 7,000 residents within walking distance and has no direct competition nearby. The renovation will include new signage, refreshed interiors, and enhanced outdoor areas like the garden and car park, ensuring The Royal Oak becomes a welcoming space for locals, from families to sports enthusiasts
The offer
The Royal Oak is available on our investment tenancy agreement. Click here for more information on this agreement.
The full refurbishment will breathe new life into The Royal Oak, with upgrades to all areas, including new signage and refreshed outdoor spaces, ensuring year-round appeal. We’re creating a welcoming atmosphere with a full drinks range.
With the pub located in the middle of a housing estate, families will appreciate the welcoming environment, especially after the refurbishment. The garden and community vibe make it an ideal spot for relaxed outings.
The pub’s live sports offering, including multiple screens and a dedicated sports bar area, will attract local sports enthusiasts. It’s the perfect place to watch games with a lively crowd.
From quizzes to live music, The Royal Oak will appeal to those who enjoy local events and entertainment. Its position as a community hub will draw in those looking for a fun and social atmosphere.
The Royal Oak will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
65 internal covers
16 external covers
Car Parking
Outdoor trade.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
To Be Confirmed.
Agreement Type
Investment Tenancy
Property Facilities
Parking
Live Sports
Outdoor Trade
Private Accommodation
Pub Games
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
