Restaurant/cafe for sale in Abingdon, Oxfordshire OX14

£150,000
Restaurant/cafe for sale
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Property features

  • Long established and under its current ownership for 14 years.
  • Average weekly income of £7,000 per week with potential to increase.
  • Superbly presented throughout with a lovely spacious rear garden.
  • Leasehold with 4-bedroom owner’s accommodation.

Property description

Reference - 48468

Description
Sutton Courtenay is a village on the River Thames 2 miles south of Abingdon-on-Thames. Historically part of Berkshire, it has been administered as part of Oxfordshire since the 1974 boundary changes. Sutton Courtenay is home to some important historical structures, such as The Abbey, the Manor House, All Saints' Church, a twelfth-century Norman hall and the Sutton Bridge.

The Fish offers gourmet meals in a rustic pub/restaurant setting with a talented French head chef who is also the current owner offering a great selection of meat and fish dishes. During the pandemic the business developed a good takeaway service and is now fully open again. The business owner chooses to trade the business 11 months a year and only 5 and a half days per week, thereby presenting excellent further potential. There is also an option to convert some of the 4 rooms on the first floor into guest rooms.

The building is owned and leased by Star Pubs on substantially free of tie terms.

Internally there is a single L-shaped open plan lounge bar and restaurant with conservatory dining, comfortably accommodating over 60 covers. The premises are substantially supplemented by a superbly presented and extensive lawned garden at the rear which can cater for 100+ covers. Externally the building is very attractively appointed and early viewing is highly recommended.

Sales
Currently sales average £7,000 approximately per week.

Financial Information
Current records and accounts can be inspected when viewing.

Trading Hours
Monday Closed (except for Bank Holidays)
Tuesday – Thursday 12:00 – 15:00 / 18.00 – 22.00
Friday & Saturday 12:00 – 15:00 / 18.00 – 23.00
Sunday 12:00 – 15:00 / Evening closed

Staff
Managed by the owners with full/part time staff.

Building External
The building is an attractive brick built two-storey structure most likely built in the early 1800’s with 4 windows under 4 individual eaves on the first floor, the main entrance is a character wooden porch positioned between two large timber casement windows. The rear of the property has an extensive large garden and conservatory dining area extension. A lane to the left of the building leads to a large customer car park for around 40 cars.

Building Internal
The ground floor comprises of a single
L-shaped open plan lounge bar and restaurant with conservatory dining, comfortably accommodating over 60 covers. A superbly equipped and spaciously proportioned commercial catering kitchen facility with walk in refrigerated cold room and ancillary areas. Ladies and Gents w/c facilities

Accommodation
This part of the property has not been inspected but we are advised by the owner that it comprises of 4 bedrooms and 2 bathrooms.

Tenure
We are advised the premises are offered with a new 12-year lease with Star Pubs with an annual rent passing in the order of £36,000 per annum on substantially free of tie terms.

Summary
This is an excellent opportunity to acquire a superbly presented and profitable English village pub/restaurant in a picturesque and historic location by the River Thames in Oxfordshire.
Early viewing comes highly recommended.

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For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company 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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