17 Bath Street, Abingdon, Oxfordshire, OX14 3QH
An established wet led, town centre Pub, with a planned investment
The Black Swan in Abingdon is a strong wet led Town centre Pub with real potential to improve upon the current ‘Pub Grub’ food offering. Abingdon is a growing market town, and the Pub benefits from excellent foot fall throughout the day.
The site attracts a real mix of customers, ranging from young to old, showing a mix of live sport on TV and has traditional pub games, which individuals or teams can enjoy.
Greene King have an approved £33,000 investment planned, to refurbish the internal trading space, which you could be part of. We are on the hunt for an excellent operator who can take this excellent local Pub, improve upon the food offering and continue to improve the business.
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.