Spacious And Most Attractive Licensed Restaurant | | Undisclosed Oxfordshire | | Excellent trading position OXFORDSHIRE. Adjacent to main bus terminal and close to colleges & theatres. | | ADVERT NUMBER : 39705
ADVERT IMPRESSIONS : 24,968 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | FREEHOLD: | £650000 | LEASEHOLD: | £80000 | | | | | BUSINESS DETAILS: | Features : We understand this spacious property is approx. 560 years old, brickbuilt and a Grade II listed building.Originally a School and until recently a Public House. Attractive open front area with brickwork, held we understand on a separate renewable lease having approximately 7 years unexpired. We further understand that there is no rent payable. This front area has space for tables and chairs for up to 80 persons. Main entrance to SPACIOUS RESTAURANT. Main area with parquet floor. Tables and chairs providing seating for 80/90 persons. Adjoining area, in our opinion having potential for additional seating.Large kitchen with tiled floor, large soldi gas cooker, 6-burner gas cooker with double oven, 3-door stainless steel counter fridge, upright double door stainless steel fridge, 2 large gas hobs, Falcon grill, stainless steel tables, double sink and drainer, microwave oven plus additional equipment.Customer's cloakroom with w.c. and wash hand basin Shortly being installed, disabled cloakroom with w.c. and wash hand basin plus gentlemen's cloakroom with w.c. and wash hand basinLocation : Excellent trading position OXFORDSHIRE. Adjacent to main bus terminal and close to colleges & theatres.Opening Hours : Monday - Friday inclusive - 11 a.m. - 3 p.m. & 5.30 p.m. - 11 p.m.Saturday & Sunday - 11 a.m. - 11 p.m.Turnover : The Restaurant we understand was opened by the present owner approx. 6 months ago and the turnover is currently in the region of £6,000 p.w. in our opinion offering tremendous potential for further development in the right hands.Tenure : The vendors own the long leasehold property and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rental of £50,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.Uniform Business Rates: £16,000 p.a. PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDMUST BE SEEN TO BE FULLY APPRECIATEDPrice : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATIONSUBSTANTIAL LOAN TO AN APPROVED APPLICANTAlternatively the vendors are prepared to consider the sale of the valuable leasehold property, which we understand has approximately 125 years unexpired at a peppercorn ground rent.PRICE TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £650,000 plus STOCK AT VALUATIONSUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation : The SPACIOUS living accommodation, which does require refurbishment and modernisation, in our opinion has potential for development for hotel accommodation, subject to obtaining the necessary planning permission and the necessary refurbishment being undertaken.First FloorLarge room, at present used for storage purposes plus additional roomSecond FloorLarge room (previously a kitchen)2 BedroomsKitchenetteBathroom with bath, w.c. and wash hand basin OfficeStoreroomStaff : The Restaurant is at present operated by the vendor with the assistance of 4 full time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
