Market Place, Abingdon, Oxfordshire, OX14 3HG
Warm and welcoming traditional local pub in busy town centre
The Punch Bowl is a 'proper' local pub situated in the busy town centre of Abingdon in the historic marketplace directly opposite the stunning County Hall. The pub has a warm and welcoming feel, with a consistent wet trade enjoyed by the many regulars that frequent this place. There are 2 bars, the main bar greeting you as you enter, and the second offering more peace and quiet with low beams and a relaxed seating area. As one of the oldest buildings in Abingdon the pub has a great sense of history, and creates the perfect environment to escape the hustle and bustle outside, and enjoy a decent pint in a proper 'no thrills' friendly local. With such a consistently strong wet trade and having been very well looked after, this is a great opportunity for someone to inherit a great business that should continue to thrive.
Split into 2 bars, the first greeting you as you enter, with casual lounge style seating stretching around the outside, and the second lounge bar offering a more relaxed area seating approx. 17 people.
Large accommodation consisting of 4 bedrooms, 1 living room, a private kitchen and bathroom. The accommodation is in good condition throughout.
|Annual rent||£33,000 per annum|
|Weekly rent||£634.62 per week fixed|
£33,000 per annum, £634.62 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £26,475 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||£13,000||Working capital||£5,000|
|Other costs||£800||Total entry cost||£26,450|
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
•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)|
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.