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Search for new owner for Royal Oak pub, Harlesden UK News

The Royal Oak pub in High Street, Harlesden confirmed at the beginning of November last year that it would be closing down.

Now the Stonegate pub company is listing the Royal Oak lease for a new owner for the Victorian building, which has a private two-bedroom flat on the third floor.

The owner will set up their own limited company and be self-employed, while partnering with Stonegate Group.

Stonegate’s description reads: “The pub has many beautiful design and traditional design features that give the pub its character.

“Entering the pub you’ll find a U–shaped bar and a range of seating types.

“The space of the room offers something for everyone, whether you’re there to watch the game or have a social drink with friends. Heading upstairs, you’ll find another room with a full bar; this room is perfect for private function opportunities or live entertainment.

“This space could easily transform to host anything from live bands to comedy nights, to huge sporting events.”

When it closed last year, Nick Pring, the director of Urban Pubs & Bars, which managed the venue at the time, said: “The business has been incurring significant losses for the past couple of years which we, as a company, have ridden out in the hope that we could turn a corner – however, recent cost price inflation and a 200% increase in the cost of utilities have made the business untenable.”

Mr Pring called it “terribly sad” for the community.

According to Stonegate, the forecast turnover per year when the Royal Oak reopens is estimated to be £520,000.

Its advert says the ideal person to take over the watering hole should be able to “demonstrate their great skill” in sales and building and creating atmosphere for unforgettable sports viewing.

Tim Greaves, the Stonegate regional manager for the south east, said he believes the pub will offer “heaps of potential” for the right operator and it could be a “flagship site” in north west London.

Last year was not the first time the Royal Oak had to close its doors. The venue closed its doors 11 months after a £500,000 makeover in 2017. It reopened months later under new management.

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This notice was published: 2024-01-12 13:08:19

By Times Series

Times Series, The News from the London borough of Barnet, and Borehamwood & Elstree.

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