Corner House, Hollow Way, Headington, Oxford, OX3 7JF

Description
The property comprises the basement, ground and first floors of a two storey detached building, together with a single-storey extension, with painted elevations beneath a pitched roof. The property has an approximate site area of 0.124 of an acre.

Location
Oxford is a historic city located approximately 60 miles north west of London. The Corner House is situated around 2 miles east of Oxford city centre in the residential suburb of Wood Farm, fronting Hollow Way, a main route providing direct access into the city centre.

Accommodation
Ground Floor: The ground floor trading area comprises a central bar servery, with a main bar area, pool area and a separate trading area, providing seating for approximately 74 customers. Ancillary accommodation includes two sets of customer WCs and a commercial trade kitchen.

First Floor: The first floor provides four bedrooms, together with a kitchen, dining room, lounge, office and bathroom. There is also a roof terrace.

Basement: The basement comprises a beer cellar together with additional storage rooms.

Externally: Externally there is customer trade area to the front of the public house with seating on loose tables and chairs for approximately 70 customers with two car parking spaces.

Planning
The property is not listed and is not situated within a Conservation Area.

Rateable Value
£15,000.

EPC
D - 100.

Tenure
The Property is held freehold (Tile Number ON157548), subject to and with the benefit of an Occupational Lease to Marston’s Plc (Company Number 00031461).

Tenancy
The property is let to Marston’s Plc on a fully repairing and insuring lease, subject to a schedule of condition, for a term expiring on 22nd November 2031. The lease is drawn within the Security of Tenure provisions of the Landlord & Tenant Act 1954.

The passing rent of £43,473 p.a. The lease is subject to an upward-only rent review on 23rd November 2026, in line with RPI, with a collar of 1% and a cap of 3%. The rent will be “topped-up” to £50,385 p.a. in line with the RPI provisions.

Covenant
Marston’s Plc (Company Number 00031461), established in 1834, is one of the UK’s most established operators of pubs, restaurants and hotels, with 1,328 sites, of which 83% are owned freehold (29 March 2025). Marston’s is listed on the FTSE250 with a market capitalisation of £358.39 million (11 March 2026).

Marston’s disposed of its 40% stake in Carlsberg Marston’s Brewing Company (CMBC) in July 2024 (FY2024) for net proceeds of £202.6 million. This disposal has been transformational for the business, helping them reduce their debt position.

Terms
We are instructed to invite offers in excess of £707,500 (£167/SQ FT) which reflects a Net Initial Yield of 6.76% after deducting the usual purchasers costs.

The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further information and all viewing requests please contact the sole selling agents Savills.