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MODERN AND STYLISH ‘FREE OF TIE’ CRAFT BEER AND ALE HOUSE CENTRALLY LOCATED WITHIN THE OXFORDSHIRE TOWN OF CARTERTON WITH HIGH TURNOVER AND LOW RENT

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  • Prominently positioned in the centre of Carterton, a flourishing town in Oxfordshire.
  • Ground Floor Bar (circa 50) with stylish urban décor and benefitting from solid wood floors and bar servery along with a games station.
  • 1st Floor Bar & Dining Area (circa 20) & Private Dining Room (circa 12).
  • Front External Seating Area (circa 16).
  • Potential for Daytime Coffee Shop/Café.
  • Commercial Catering Kitchen.
  • We are advised turnover for y/e 04/19 is £355,992 (inc VAT) on a trade split of 90% wet and 10% dry with huge scope to offer further catering options.
  • 9 yrs remaining on a Private ‘Free of Tie’ Lease with a low rent of only £17,150 per annum.
A TRENDY URBAN CRAFT BEER BAR CENTRALLY LOCATED WITHIN THIS DESIRABLE OXFORDSHIRE TOWN


ASKING PRICE £79,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This unique modern and stylish urban Craft Beer & Ale House is centrally located within the busy and growing town of Carterton, Oxfordshire.

Carterton is the 2nd largest town in West Oxfordshire and is 2 miles south of the A40 road and 4 miles south west of Witney. The 2011 census recorded a population of 15,769 for the town which continues to grow with considerable new housing being built.

The town offers a range of shops and supermarkets along with primary and secondary schooling. RAF Brize Norton is located on the edge of the town and Oxford is only a short drive away.

THE PROPERTY

This unique & stylish Bar is built of brick construction under a slate tiled roof and occupies a central location within the heart of this large Oxfordshire town.

The Ground Floor Bar (circa 50) has an Urban décor theme and benefits from a large bar servery area and solid wood flooring along with a games station area.

The 1st Floor Dining Area & Bar (circa 20) with an open plan commercial kitchen area, tiled floors, bar servery and a modern feel.

The Private Dining/Meeting Room (circa 12) offers tiled flooring and a large central table for private dining or meetings.

Ladies & Gents W.C’s.

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

The Ground Floor Cellar benefits from coolers, python system and storage along with a lockable bottle store.

OWNERS ACCOMMODATION

There is no owner’s accommodation.

EXTERNAL

To the front of the business is seating for 16 customers.

Although there is no parking with the business, a free large public car park is within a 1 minute walk.

TRADING HOURS

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 - Midnight

Current opening hours are:

Mon – Thursday 3pm – Midnight

Fri – 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 business is being offered for sale as a Private ‘Free of Tie’ lease assignment with approximately 9 years remaining of the full repairing, insuring and renewable agreement. We are advised that the business is free of tie for all products. We are informed that the rent is currently £17,150 with a rent review due 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 & Tenancy Act 1954.

The property offers all mains services along with being heated with electric heating (no services tested). Business rates payable are advised as being circa £4,800 per annum.

THE BUSINESS

Our vendor client created this thriving and unique business in May 2015 as a Ground Floor Bar. Over the past 12 months our vendor has added the 1st Floor Bar & Restaurant and created a new Commercial Catering Kitchen offering further scope for catering options and possible daytime Coffee Shop/Café.

Already a busy business on limited hours, with weekday daytime opening this would enhance trade further.

We are advised turnover for year ending 04/19 is £355,992 (inc VAT) with a trade split of 90% wet and 10% dry.

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

The property 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 via Guy Simmonds on 01332 865112.

Details prepared: October 2019

ADDITIONAL IMAGES

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