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Packhorse

Abingdon Road, Mill Hill, Abingdon, Oxfordshire, OX13 6AG
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LEASE ASSIGNMENT

Facilities

Beer Garden
Catering Kitchen
Function Room
Restaurant/Dining
Experienced Operator
  • Beer Garden
  • Catering Kitchen
  • Function Room
  • Restaurant/Dining
  • Experienced Operator

Location

Contemporary bar and restaurant in a historic building

Ingoing Cost: £75,000.00
Rent: £75,000.00
Agreement Type: Lease Assignment
Reference Number: 110718 / 110419

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

The village of Milton Hill is conveniently located between Newbury and Oxford on a main road through the village and close to the A34.

The Packhorse is a large, detached premises that is set over two floors with ample off-road parking (25), beer garden and outbuilding to side elevation. The trading areas comprise open plan dining area (120) leading through to a cosy well-designed bar. To the side elevation is a newly built annexe with bifold doors providing dining covers and or self-contained function room. The business also benefits from a fabulous fully stocked commercial kitchen with external cold room and stores. 

The overall finish and décor throughout are exceptional with fixtures and fittings complementing the overall contemporary ambience.

Trading Style:

The Packhorse trades as a premium food led business serving both local residents and commuters from the immediate and surrounding areas in addition to a local retail and business park, one of the largest in Europe.

The site would suit a seasoned operator looking to “go it alone” with chef or general management experience within the trade. An owner-operator would thrive in a operation of this nature whilst as multiple operator looking to hit the ground running could also enjoy the financial benefits of acquiring an already established business. Applicants must be funded and demonstrate strong business acumen.

Private Accommodation:

This consists of six bedrooms, two kitchens, a lounge, two bathrooms and an office.

Key Financial Information

Please note that the Energy Performance Certificate is available from the landlord.

Length of Tenure: 7 years remaining

Ingoings: £ 75'000 + Fixtures & Fittings negotiable on valuation

The business currently generates approximately £90,000 profit and is food led against a 70/30 split. The price advertised is for the premium only, the purchaser is responsible for paying security deposits to the vendor of £18,750. Fixtures & Fittings are also to be charged on assignment subject to formal valuation.

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