Extraordinary Hare West Hendred
Reading Road, West Hendred, Wantage, OX12 8RHAgreement Type:
Foundation Tenancy
View details for Extraordinary Hare West Hendred
Fox Inn Boars Hill
Fox Inn Boars Hill
Fox Lane, Boars Hill, Oxford, OX 1 5DR Pub Code: 2000005101
Pub Code: 2000005101
Investment TenancyEst Min Ingoing Costs: £61,884
Annual Rent: £49,734
Major refurbishment to beautiful destination food pub.
The area
The Fox is located in the affluent area of Boars Hill, just three miles southwest of Oxford. A compelling investment prospect, this local pub benefits from highly affluent demographics in the area. The pub benefits from being the only venue within a 10-minute walk and there are another 2 sites within a 20-minute walk. The outdoor space is a great draw with beautiful views from the garden area.
The offer
Post refurbishment the Fox will offer a high-quality food and drinks offer as well as excellent service. The Fox will have a great reputation and be the best around.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet or hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
Trading areas and facilities
The Fox will be undergoing a refurbishment which will cover the interior and the exterior of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Split over 3 floors
- Decked area to rear
- 70 internal covers
- 104 external covers
- Catering kitchen
- SmartDispense
- Car park with 44 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom and a small office.
Estimated Total Ingoing Costs
£61,884
Estimated Minimum Ingoing Costs
£61,884
Annual Rent
£49,734
Estimated Annual Turnover
£654,457
Deposit
£12,434
Estimated Fixtures & Fittings Value
£33,950
Estimated Stock Valuation
£12,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Fox Lane, Boars Hill, Oxford, OX 1 5DR
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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