76 St Clements Street, Oxford, Oxfordshire, OX4 1AH
Newly refurbished pub on a prominent Oxford road. Heavily populated with students and local residents.
Beyond the doors of this prominent corner plot pub is a one room operation with a beautiful off bar snug. There is ample seating for 60 covers inside, a first floor trade kitchen, ample living accommodation and the added bonus of a nice, enclosed rear garden.
Aspirational pub opportunity which would suit an innovative, inspirational operator to re-establish this business as a main player in its locale. It has a huge opportunity to develop the drinks range and a new menu offer.
Functional accommodation quarters comprising 3 double bedrooms, a lounge, kitchen and bathroom/wc.
|Annual rent||£26,000 per annum|
|Weekly rent||£500.00 per week fixed|
£26,000 per annum, £500 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Approx £27,675 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||£10,000||Working capital||£5,000|
|Other costs||£5,000||Total entry cost||£27,675|
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 pub is situated on St Clement's Street on the south side of Oxford, 1.5 miles from the historic city centre. Local shops and schools are excellent.