17 St Clements Street, Oxford, Oxfordshire, OX4 1AB
This is a great opportunity to secure a pub with a long history in the thriving central area of Oxford. We would be happy with the necessary approvals sought to invest into the Pub with the right operator and with the right business plan.
This is a small pub with one of the only late licenses in an excellent part of Oxford: it has a long established reputation for locally sourced entertainment, ranging from poetry readings to open mike acts. It has a small trading area served by a single island bar which serves the the two distinct but separate areas of the Pub.
There is a small but unique single trade area which is split into two areas served by a small island bar.
The accommodation is separated into the two parts of the pub with two separate external entrances leading staircases to a first and a further second floor above one side of the Pub. There is a staircase behind the bar which leads to the first floor which has a small bedroom, double bedroom, bathroom, Kitchen and Lounge area. A separate floor leads to a further single and double bedroom. The staircase above the cellar leads to a single, double, Kitchen and Living Room.
|Annual rent||£25,500 per annum|
|Weekly rent||£490.38 per week fixed|
£25,500 per annum, £490.38 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. Machine income free of tie. This has been calculated using RICS guidelines and the volume history Greene King has for the Pub.
Entry costs approx £25,650 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, Schedule of Conditions, working capital and deposit (25% of head rent, minimum £6,000). The Fixtures and Fittings are an estimated cost at this time until a formal valuation is available. Other costs are for the purchase of initial stock and the first weeks order.
|Fixtures & fittings||£7,000||Working capital||£7,000|
|Other costs||£4,000||Total entry cost||£25,650|
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
•50/50 profit split of machines income
•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 located on Clements Street, close to the University campuses and near to the Iffley Road and the vibrant Cowley Road.