Pub/bar for sale in Cropredy, Oxfordshire: Banbury OX17

£49,950 (£10.4/sq. ft)
Pub/bar for sale 446 sq. m*
Interested in this property? Call +44 1332 494756 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Ref: 8180 leasehold

delightful stone built oxfordshire ‘free of tie’ village inn with 6 letting bedrooms for sale situated in the affluent village of cropredy, nr banbury and home to the ‘fairpoint convention’ music festival

Idyllic Oxfordshire village location close to the canal and marina along with the market town of Banbury.

Two lovely and characterful trading areas with a Restaurant (circa 40) and Lounge Bar (circa 40).

6 Lucrative En-Suite Letting Bedrooms.

Huge Beer Gardens that host the Fairpoint Convention Fringe Festival attracting over 8,000 customers over a week period.

5 Bedroom Living Accommodation.

Car Park and Commercial Kitchen.

Advised turnover circa £505,200 (incl. VAT) for year ending 03/18 with a trade split of 16% accommodation, 29% food & 55% wet.

‘Free of Tie’ Lease Agreement.

Renowned ‘free of tie’ oxfordshire village inn


Location


This delightful and well presented ‘free of tie’ North Oxfordshire Village Inn with Letting Bedrooms has an enviable location in the heart of the affluent village of Cropredy.
This quintessential village lies in the Cherwell Valley some 3 miles north of Banbury and Junction 11 of the M40 motorway.
The Oxford Canal and the River Cherwell both flow parallel through this ancient village. A new marina has been completed on the edge of the village and houses 280 boats.
The lovely village of Cropredy has approx. 400 houses and over 1500 residents which is hugely inflated in the summer months as the canal boaters stop and provide considerable business to the village.
This highly successful business along with the village is home to the hugely popular Fairport Convention Music Festival which entertains thousands of music lovers over a week long period in August. This is an annual event with this business being an integral part, supplying the large gardens, bars and stage areas.


The property


This delightful detached Inn is of Stone Construction, under a pitched tiled roof, occupying a central village location in Cropredy, Oxfordshire.

The Lounge Bar/Dining Area (circa 40) is a lovely room with its attractive exposed stone walls, lovely open fireplace, bar servery area and wooden furnishings.
The traditional furnishings give this room a very homely feel and is regularly home to live music.

The Restaurant (circa 40) is a charming and pleasant room giving a warm and desirable feel. The restaurant benefits from exposed stone walls, wood flooring, and quality fixtures and fittings.

Ladies and Gents W.C.’s.

There is a good size Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces.

The Lower Ground Floor Cellar offers a python and cooler system.


Letting accommodation


The six Letting Bedrooms are situated in a converted Stone Barn offering their own access and comprise of 1 Family Room, 1 Triple Room and 4 Double/Twin Rooms all offering En-Suite facilities.

Owner’s accommodation

The owner’s accommodation is situated on the 1st and 2nd Floors and comprise of: 4 Double Bedrooms, Single Bedroom, Lounge, Kitchen and 2 Bathrooms.


External


To the front of the building is a pleasant garden offering seating for 20 customers.
To the rear of the property is a very extensive Lawned Beer Garden stretching for approx. ½ acre and is home to the Fairport Convention Music Festival along with other outdoor events. There are external bar areas and a cellar for outside events.
To the side and rear is a Car Park.
Also, to the bottom of the garden is a Paddock with Stable.


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:

7 days per week 11am – 2am

Current opening hours are:

7 days per week 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 business is offered for sale as a ‘free of tie’ lease assignment with approximately 6 years remaining of the Tavern Prop Co Ltd full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for all products. We are informed that the rent is currently £68,000 per annum to be reviewed in 2024. 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 lpg and all other mains services (no services seen or tested) and is heated by oil central heating. Business rates payable are advised as currently being circa £5,000 per annum.


The business


The current owners purchased the business 4 years ago and have built a solid and thriving business that continues to grow. Due to other business commitments, our vendors are offering this successful business to market and this is a fantastic opportunity for new owner operators to reap the rewards as well enjoying a lovely lifestyle in a desirable location.
This Village Inn is an integral part of the village and new owners will benefit from considerable support from the residents.
Advised turnover for year ending 03/18 is circa £505,200 (inc VAT) with a trade split of 16% accommodation, 29% food and 55% wet.
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.
Viewing appointments must be made by contacting Guy Simmonds.

Details Prepared: Jan 2019

Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
If size stated =1m2, this is because no measurements are available at this time.

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.
(IX) All prices quoted are excluding stock at valuation.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Guy Simmonds, DE73 on +44 1332 494756 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Guy Simmonds, and do not constitute property particulars. Please contact Guy Simmonds for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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