Oxfordshire - Renowned Village Freehouse In Popular Residential Area

The village of Broughton is a very popular parish in North Oxfordshire, approximately 3 miles south-west of Banbury on the very edge of the Cotswolds. The Saye & Sele takes its name from the local estate, The Broughton Estate, home of Lord and Lady Saye & Sele.

The Saye & Sele Arms is located in the very heart of the village not far from the parish church and the castle. Despite being a property of considerable charm and character, it is not a listed building. It is to be let on favourable terms from the Estate which will be free of any trade tie. It offers a character open plan bar and dining facilities together with a superb enclosed rear garden. There is good sized owners accommodation and car parking.

The property is briefly described as follows:

TRADE AREAS
The property benefits from a quite outstanding OPEN PLAN BAR AREA which has a wealth of period charm and character including heavily beamed ceiling, part exposed stone walls, feature stone flagged floor with some areas carpeted. This area is able to seat 24-30 customers. There is a central BAR SERVERY which has polished panelled frontage.
There is a DINING AREA to one end which has traditional seating for approximately 20 diners and which features an open fireplace with stone surround.
Lower RESTAURANT AREA which is similarly appointed and provides seating for 32 diners.
Located off the INNER HALLWAY are a set of LADIES' and GENTLEMEN'S CUSTOMER TOILETS and a good size WINE STORE.
The CATERING KITCHEN is of good size and with a good selection of stainless steel catering effects and equipment, ceiling fitted galvanized extraction canopy, Altro nonslip flooring and fully tiled walls. There is also a walk-in DRY STORE and WASH-UP/PREP ROOM.
BASEMENT: BEER CELLAR with delivery access from the front of the property.

OWNERS ACCOMMODATION
Located at first floor and comprising:
Large LOUNGE, BEDROOM 1 of DOUBLE SIZE with wash hand basin in EN SUITE in vanity unit, BEDROOM 2 of DOUBLE SIZE and BEDROOM 3 of SINGLE SIZE. BATHROOM with suite of wash hand basin, WC and bath with electric shower over.

EXTERNAL
The grounds are a feature of the pub and are enclosed with patio and lawned areas with mature shrubs and borders and ample seating for 70 customers. There is an Aunt Sally pitch and a covered smoking area.
Large brick built OUTBUILDING/DOUBLE GARAGE which has been utilised for additional storage. To the front of the property is a lined tarmacadam CAR PARK with space for 25 vehicles.

The business has now been closed for over two years, prior to which it traded successfully as a village pub and popular dining venue. We as agents dealt with the sale of the lease prior to Covid when takings, net of VAT, were £281,000 split 70% food sales and 30% wet sales.

However, due to the period of closure, prospective purchasers will need to reach their own conclusion as to the potential trade and profitability which can be enjoyed at this outlet.
FREEHOLD £450,000 to include fixtures and fittings.

OR, ALTERNATIVELY

LEASEHOLD: £18,500 to include the fixtures and fittings.
TERM: Six years
LANDLORD & TENANT ACT 1954: Outside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord's consent
BOND: A bond equivalent to three months' rent in advance
RENT: £25,000 per annum, paid monthly in advance. Given that the property has been closed for a period of time, our clients are prepared to consider applications which include initial reduced levels of rent or even a short rent free period.
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Full repairing and insuring lease.
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable on the Premium and rental payments