Attractive And Spacious Detached Freehouse, Restaurant & Hotel For Sale

Business description

Large Car Park for 30 cars

Attractive Beer Garden with brickwork. Tables and chairs providing seating for 32 persons.

To the front of the Freehouse is a paved area with tables and bench seating for 20 persons.

Entrance to SINGLE BAR with woodstrip floor. Seating for 34 persons. Bar with hand pumps, 1 double door plus 1 single door glass fronted counter fridges. Darts area plus snooker table.

Adjoining SPACIOUS RESTAURANT, fully carpeted, wall and ceiling lighting. Quality tables and chairs providing seating for 74 persons. Bar.

Ladies/disabled cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. urinal and wash hand basin
Additional Ladies' cloakroom with w.c. and wash hand basin

Large commercial kitchen with non-slip floor. The equipment includes Tandoori oven, 6-burner gas cooker, double sink and drainer, stainless steel double door fridge, 3-door stainless steel counter fridge, 3 fridges, 1 deep freeze, stainless steel work surfaces etc.

Storeroom
Staff cloakroom

FIRST FLOOR LETTING ACCOMMODATION COMPRISING:
4 Letting Bedrooms: 1 family bedroom with en suite bathroom with bath, w.c. and wash hand basin, 3 additional twin bedrooms with en suite bathroom with bath, w.c. and wash hand basin.

Staff accommodation comprising 2 large bedrooms, 1 with en suite shower room with shower, w.c. and wash hand basin
Staff kitchen

SECOND FLOOR

1 Twin Bedroom with en suite bathroom with bath, w.c. and wash hand basin
1 Family Bedroom (1 double, 1 single) with en suite bathroom with bath, w.c. and wash hand basin

Separate first floor section comprising 4 additional double letting bedrooms each with en suite shower room with shower, w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease at a rental of £50,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

-

Location:

Sought after position, adjoiining a Railway Station, OXFORDSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £7,000 p.w. Split of turnover: Wet sales in the region of £2,000 p.w. Restaurant in the region of £3,000 p.w. and the balance of £2,000 p.w. in respect of Bed & Breakfast.
It should be noted that the Restaurant is at present trading as Indian cuisine and in our opinion there is tremendous potential to change the cuisine to English or possibly Chinese. This Freehouse is situated in a wealthy catchment area and in our opinion has tremendous potential for further development in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £135,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Wet Sales - 12 noon - 11.30 p.m.
Restaurant area - 12 noon - 2 p.m. & 5 p.m. - 10 p.m. seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.