2 Mill Lane, Chalgrove, Oxford, Oxfordshire, OX44 7SL
A beautiful and well presented thatched roof 16th century pub in the village of Chalgrove.
*INVESTMENT OPPORTUNITY FOR THE RIGHT OPERATING PARTNER*
*SUBSTANTIAL FOOD AND EVENTS OPPORTUNITY*
*ACCESS TO DISCOUNTED BEER PRICES*
The current food offering sources local ingredients from the village and surrounding areas. The pub in the past has enjoyed a good wet trade boosted by darts teams, aunt sally, pool, crib and village cricket teams. The gardens host regular annual events such as beer festivals, charity fun days and a large vintage cycle rally.
There are 3 main trading areas. The dining area has 45 covers at the rear of the pub, the snug bar with 16 covers and a large open fireplace and the public bar at the front of the property which currently caters for wet sales and village sports such as darts etc. There is easily space for 50 people standing in the public bar. All areas are well presented with an enormous working open fire and bags of character. The garden has been used previously to house livestock.
|Car park spaces||25|
4 bedrooms, 2 bathrooms (1 separate with en-suite), a study, a kitchenette and a lounge. The private accommodation is in good condition.
|Annual rent||£31,750 per annum|
|Weekly rent||£610.58 per week fixed|
£31,750 per annum, £610.57 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. *Machine Income free of tie*
This rent is for an initial let in its current condition for a 12 month period, whilst a development plan is agreed with the preferred partner.
Approx £44,650 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.
|Fixtures & fittings||£18,000||Working capital||£10,000|
|Other costs||£5,000||Total entry cost||£44,650|
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
• 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||This is a fully tied agreement with access to discounted prices for this initial 12 month period.|
Chalgrove is a village and civil parish in South Oxfordshire about 10 miles southeast of Oxford. The parish includes the hamlet of Rofford and the former parish of Warpsgrove with which it merged in 1932. It remains a rural route from Oxford to Henley on Thames