Pejeng in detail
Ubud's many eateries are nearby. Locally, there's a small night market and a few warungs (food stands) on Jl Raya Tampaksiring.
Plenty of cafes, bars and clubs can be found in nearby Ubud.
Ubud has a huge array of accommodation options, but there are also a few good choices in this area. You'll need your own transport, though.