Abingdon Road, Drayton, Abingdon, Oxfordshire, OX14 4JB
Development opportunity available at this traditional village pub!
Traditional pub with everything you will need from extensive gardens to a small restaurant area with the additional option of development! The trading area is split into 3 areas, the main bar, a lounge and a seated restaurant for 25 plus covers. Situated on the main road through Drayton village and currently running a sports offer - with the right operator this pub will flourish with a quality food offer and real ales.
There are 3 areas of internal trade. The main bar area splits into a front bar and a side lounge bar. The third area is a seated restaurant that has over 25 covers. There is a large garden with patio and smoking solution. A visit is highly recommended!
|Car park spaces||30|
The accommodation is set in a galley style with three bedrooms, living area, kitchen and bathroom.
|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 £28,150.00which includes fixtures and fittings (estimated but still to be valued) to include stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£15,000||Working capital||£5,000|
|Other costs||£550||Total entry cost||£28,150|
Standard 5 year Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
Flexible pricing options available
100% profit 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)|
Drayton is located on the old road between Oxford and Newbury, just South of Abingdon. It is a thriving village that has two pubs currently (the Red lion being one). The parish has a community of 2,350 people (as of 2011) with developments pending. In addition, CALA homes are building a new estate opposite the pub location.