This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

2 bedroom pub for sale

STEVENTON OXFORDSHIRE

£425,000

Property Description

Key features

  • Beautifully located overlooking the village green within Steventon, South Oxfordshire.
  • Characterful Lounge Bar (circa 25) with fireplace, beautiful wooden settles, serving hatch & beams.
  • Intimate Public Bar (circa 15) with wood flooring, open fireplace & bar server.
  • Delightful Dining Room (circa 30) offering solid wood floors & an open fireplace.
  • 1 / 2 Bedroom Living Accommodation.
  • Commercial Catering Kitchen.
  • Wonderful Lawned Beer Garden with temporary marquee offering seating for 60 & Car Park.
  • Advised turnover y/e 03/13 was circa 155,500 (incl. VAT) on a 100% wet trade basis.
  • Huge scope to introduce catering.
  • Desirable 'Free of Tie' lease or Freehold.

Full description

Tenure: Freehold

REF: 7258F/L

A REAL HERITAGE GEM OF A VILLAGE INN WITH MANY ORIGINAL FEATURES

LOCATION
This beautiful Village Inn is a 'heritage gem' and is located opposite the village green within Steventon, Oxfordshire.
Steventon is a village and civil parish in South Oxfordshire, about 4 miles south of the market town of Abingdon and a similar distance to Didcot.
Located west of the A34 Milton Interchange, it was part of Berkshire until 1974.
The large commercial centres of Milton Business & Science Park and Harwell Innovation Centre employ a huge number of staff and are both within 2 miles of this lovely property.
The property is situated alongside the Ancient Causeway, a popular walk for ramblers.
The village is located close to the A34 bypass offering easy access to Oxford and Newbury.


THE PROPERTY
This beautiful and characterful freehold village inn is of brick construction, with whitewashed walls, under a pitched, tiled roof, occupying an excellent village location within Steventon, yet close to the A34.

The Lounge Bar (circa 25) is a room full of character with a stunning fixed wooden settle surrounding a lovely open fireplace. The room also benefits from a unique server hatch, quarry tiled floors, beamed ceilings and exposed brick walls.

The Snug Bar (circa 15) offering solid wood floors, bar server, beams and an open fireplace.

The Dining Room (circa 30) benefits from solid wood floors and an open fireplace and is an ideal room to introduce catering.

Ladies and Gents W.C.s.

There is a semi equipped commercial catering kitchen with stainless steel appliances (not tested) and work surfaces along with a separate wash up and prep area.

The Ground Floor Beer Cellar has coolers and a python system.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st floor and briefly comprises: 1 Double Bedrooms, Lounge or Double Bedroom, Kitchenette area and Bathroom along with a large attic space.

EXTERNAL
To the front and side of the property is a lovely Lawned Beer Garden offering seating for approx. 60 customers. This area has a temporary marquee during the summer months. The garden also offers two Aunt Sally pitches for the four teams.
The property also has an enclosed Courtyard Patio Area for 20 customers.
There is a Car Park for 12 cars.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun - Wed Midday - Midnight
Thurs - Sat Midday - 2am

Current opening hours are:

Mon - Thurs 5pm - Midnight
Friday 3pm - Midnight
Sat - Sun Midday - Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS
The property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking premium will be 29,950
2. The initial annual rent will be 20,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954.
We are advised that the inn benefits from all mains services and uses gas central heating (services not tested).
Business rates payable are advised as being free of charge.

THE BUSINESS
The current owner purchased the business 11 years ago as a family concern and are offering the property in good condition along with establishing a renowned reputation for its well-kept real ales. The property has been in the Good Pub Guide for the past four years.
This delightful business offers a fantastic opportunity to introduce catering along with exploiting longer opening hours, inevitably creating higher turnover and profits.
This offers an excellent opportunity for either a freeholder or leaseholder to continue to build the business.
We are advised that declared turnover for y/e 03/13 was circa 155,500 (incl. VAT) on a 100% wet trade basis.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.


Street View

Disclaimer - Property reference 7258F. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.