17 Bath Street, Abingdon, Oxfordshire, OX14 3QH
Established town centre pub with strong existing trade and potential for food.
Slap bang in the middle of busy Abingdon town centre, the Black Swan is a popular pub with a consistently strong wet-led trade. Serving good value food and a cold pint, the pub benefits from a strong sports offering in a high footfall location. With a pool table and darts, the pub has a vibrant busy feel from breakfast through to evening that is well appreciated by the pubs regulars and passers by alike.
From walking into the pub the bar is dead ahead, forming the centre point. There is a pool table off to the left with darts, and a casual seating / dining area off to the right.
The private accommodation is in good condition and comprises three bedrooms, a private kitchen, lounge, bathroom, and separate office.
|Annual rent||£28,000 per annum|
|Weekly rent||£538.46 per week fixed|
£28,000 per annum, £538.46 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £34,050 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£15,000||Working capital||£5,000|
|Other costs||£6,400||Total entry cost||£34,050|
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)|
|Volume notes||Site is currently free of tie for wines, spirits and minerals|
Abingdon is a bustling market town on the outskirts of Oxford with a growing population of around 33,000. With a strong cultural history, and being just 5 miles south of Oxford, the town has undergone much recent development and continues to flourish as a popular place to live with a great selection of local schools and historic attractions.