The Three Cups, Bridge Street, Buckingham, Buckinghamshire, MK18 1EL

Description

The property comprises a characterful Grade II listed public house, dating back to the late 17th or early 18th century, with subsequent alterations in the 19th and 20th centuries. The building is constructed of painted coursed limestone beneath a pitched tiled roof with brick chimney stacks, providing an attractive period façade consistent with the surrounding conservation area.

The Three Cups is an established, traditional public house with a long-standing presence in the town and offers significant untapped potential for repositioning.

The Three Cups occupies a prominent position just off the heart of Buckingham town centre, located at the entrance to Bridge Street. The property sits within a charming and historic part of the town, benefiting from strong footfall generated by the surrounding retail, hospitality and residential uses.

Buckingham is an attractive and affluent market town, popular with both residents and visitors, and benefits from good connectivity to Milton Keynes, Bicester and Oxford.

Internally, the property is currently arranged to provide a traditional pub layout, with no ground floor kitchen, and most recently was operating as a wet-led business.

A main front bar accommodating approximately 25-30 covers, a secondary rear bar providing capacity for a further circa 20 covers.

The property would benefit from a comprehensive programme of refurbishment, presenting a clear opportunity to enhance and reconfigure the existing layout.

With appropriate capital expenditure, there is scope to enhance both the trading environment and overall appeal, including the potential to rebalance the offer towards food, a cafe a more premium drinks-led concept or retail.

Sold as seen, no inventory will be provided.

Externally, the property faces directly onto Bridge Street within a built-up town centre setting. There is no dedicated parking provision, although nearby public parking is available within the town.

A particularly attractive feature of the property is the extensive owner’s accommodation, which presents a range of flexible use options. The upper parts are arranged as follows:

First floor: A sizeable kitchen/dining area, together with three large well-proportioned bedrooms.

Second floor: A further two to three bedrooms, offering generous additional living space.

The scale of the accommodation provides a number of potential configurations, including: Traditional owner/manager’s accommodation, staff accommodation, potential for reconfiguration or partial alternative use, subject to any necessary consents.

This level of accommodation is a significant asset and offers scope to enhance the overall viability and appeal of the property, particularly for owner-operators or those seeking to integrate living and business space.

The Three Cups offers a well-located town centre site with clear scope for repositioning and value enhancement.

The property is currently closed and, whilst historically operating as a wet-led pub, does not benefit from a ground floor commercial kitchen. This presents an opportunity for an incoming operator to reconfigure the layout and introduce a food-led offer, subject to the necessary consents.

A programme of refurbishment will be required, enabling a purchaser to deliver a more contemporary trading environment and implement a concept aligned with current market demand.

A key strength of the property is the extensive upper parts accommodation, which provides flexibility for owner occupation, staff housing, or alternative configuration to support the overall business model.

Overall, the asset is well suited to an experienced operator or investor seeking a hands-on opportunity with clear potential for redevelopment and operational uplift.

No historic trade information available.

The property is offered on a free of tie, fully repairing and insuring lease for a term of 20 years. The annual rent will be £35,000 plus VAT per annum and will be reviewed five yearly. Rent will be subject to annual RPI increases, collared at 2.5% and capped at 5%.

Applicants must have sufficient capital available to cover three months rent and buildings insurance, deposit equivalent to six months rent plus VAT, £1,750 (plus VAT) legal fees contribution and working capital.

Proof of funding and a business plan will be required.

Rateable value effective from 1 April 2026 is £10,500. This is not the rates payable. Please check with the VOA for the most up-to-date information on all rating matters.

The property benefits from a Premises Licence permitting the sale of alcohol for consumption on the premises. We understand the premises previously traded to the following hours:

Monday to Thursday: 1200 – 2300
Friday & Saturday: 1200 – 00:00
Sunday: 1200 – 2300

These hours provide a solid and established licensing base for a traditional pub operation, with scope for purchasers to review and, if required, vary the licence subject to the usual consents.

Prospective purchasers should make their own enquiries with Buckinghamshire Council to satisfy themselves as to the full details of the licence and any associated conditions.