38 Market Place, Wantage, Oxfordshire, OX12 8AH
A traditional public house with six letting rooms and huge opportunity for growth
One of Wantage's most thriving public houses, the Bell is a traditional town centre pub overlooking the town square where the weekly market takes place. The Bell is currently home to 7 darts teams and local groups, which in addition to the passing customers, gives the pub a healthy daily trade.
With an easy going and friendly atmosphere where locals can come for TV sport, live entertainment and a range of quality ales it is a great pub for either an experienced publican or those new to the trade. We are looking for someone to enhance the food side of the business, as there is opportunity for growth in this area.
The Bell is in excellent condition, featuring a long single bar partitioned into three eating and drinking areas. A front bar area provides relaxed dining with a second area providing television entertainment and an additional 20 covers. The third area makes a perfect place to gather for sports groups and darts. There are 6 letting rooms, 3 of which have ensuite and 3 sharing facilities
|Rooms to let||6|
Private accommodation is in good condition, featuring a bedroom, lounge, bathroom and kitchen.
|Annual rent||£29,500 per annum|
|Weekly rent||£567.31 per week fixed|
£29,500 per annum, £567.31 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Approx £26,450 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent).
|Fixtures & fittings||£15,000||Working capital||£3,000|
|Other costs||£800||Total entry cost||£26,450|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The Bell occupies a prime corner plot in the busy and affluent market town of Wantage. The population lies at 10,000 people however the town has undergone some investment and development including the new Waitrose & Sainsbury's store as well as new housing developments dotted around the town centre.
Wantage is at the crossing of the B4507 valley road, the A417 road between Reading and Cirencester and the A338 road between Hungerford (and junction 14 of the M4 motorway) and Oxford. This is a very busy market town that has planned housing developments and excellent local business's. It is also the birth place of King Alfred the Great in 849!