Pub/bar for sale in The Green, Crowell OX39

£45,000 (£20.49/sq. ft)
Pub/bar for sale 204 sq. m*
Interested in this property? Call +44 1332 494756 * or Request Details

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Property description

Ref 8355 freehold

highly desirable quintessential freehold/’free of tie’ village inn for sale beautifully situated on the village green of crowell, an affluent village in oxfordshire

Lovely location on the Village Green and next to the Church within this sought after Oxfordshire village.

Cosy Lounge Bar/Dining Area (circa 25) offering flagstone floors, inglenook fireplace, beamed ceilings and bar servery area.

Restaurant (circa 40+) is a pleasant room benefitting from solid wood floors, vaulted beams and doors to the Courtyard Garden.

Excellent external areas including Front Patio Terrace (30), Courtyard (10) & Seating on the Village Green for approx. 60 customers.

Nice 1/2 Bedroom Living Accommodation.

We are advised turnover for y/e 12/19 is £340,858 (inc VAT) with a trade split of 30% wet and 70% dry.

Freehold or Lucrative ‘Free of Tie’ Lease with an option to purchase and a rent of £30k pa.


Lovely village inn with free of tie agreement and option to purchase

location


This delightful Freehold or ’Free of Tie’ Leasehold Village Inn & Restaurant is beautifully located on the Village Green and next to the Church within the desirable Oxfordshire village of Crowell. The pub is next to The Ridgeway, a popular walking and cycling route.
Crowell is a village and civil parish in Oxfordshire, about 4 miles southeast of the market town of Thame and 1 mile southwest of the village of Chinnor, nestled close to the Chiltern Hills.
This lovely business sits only a short drive from the M40 motorway offering easy access to London and Oxford.


The property


This Freehold or ’Free of Tie’ Village Inn is built of brick construction, under a tiled roof, occupying an excellent position on the village green in the heart of this desirable village.

The Lounge Bar/Dining Area (circa 25) is a cosy and intimate room with a bar servery greeting the customers as they walk in, along with benefitting from flagstone floors, inglenook fireplace, beamed ceilings and quality furnishings.

The Restaurant (circa 40+) offers solid wood floors, vaulted beamed ceiling, exposed brick walls and doors to the courtyard area. This is a lovely room offering intimate dining.

Ladies and Gents W.C.’s.

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

There is a Ground Floor Cellar with python and cooler systems.

Owner’s accommodation
Located on the 1st Floor and briefly comprising of: Double Bedroom, Lounge (possible Double Bedroom), Fully Fitted Kitchen-Diner and Bathroom all presented to a very high standard.


External


To the front of the property is a lovely Patio Terrace Garden offering seating for 30 customers and views over the Village Green. To the rear is a small Courtyard Area for customers.
The business benefits from the use of the Village Green and is allowed to put out tables and chairs for approx. 60 customers.
The business has a Car Park for 10 cars plus there is an overspill Car Park to the rear (that has been used by agreement with the local parish church).


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 – 1am

Current opening hours are:

Mon – Tuesday Closed
Wed – Fri Midday – 3pm
5pm – 11pm
Saturday Midday – 11pm
Sunday Midday – 7pm

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 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 £45,000
2. The initial rent will be £30,000.
3. The annual rent is simply rpi linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable monthly in advance.
5. Deposit equivalent of 3 month’s rent.
6. Lease assignable after initial 2 year period.
7. Free of all brewery and supply ties.
8. Each party responsible for own legal fees relating to the transaction.
9. We are advised that our vendor client would be agreeable to insert an ‘Option to Purchase’ clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.
We are advised that the inn benefits from lpg and all other mains services and is heated by oil central heating. (no services seen or tested). Business rates are advised as currently being £6,000 payable.


The business


The current owners purchased the business in 2015 and immediately refurbished the property, now offering it in excellent condition throughout.
Our vendor has been running the business under management and the business has continued to grow offering a perfect opportunity for owner operators to benefit from a lovely business in a desirable area that offers further scope.

We are advised turnover for y/e 12/19 is £340,858 (inc VAT) with a trade split of 30% wet and 70% dry.

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 2020
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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