Character freehouse for sale or to let in Kidlington

This property is marketed by:
Sidney Phillips

Freehold £480,000 Leasehold £35,000

Key Features:

• Character stone built 18th Century Property
• Two attractive Bars
• Superb Four Bedroom Owners Accommodation
• Gardens and Car Parking.

Tenure

FREEHOLD £545,000 to include goodwill, fixtures and fittings. Stock at valuation in addition. 

OR ALTERNATIVELY:

LEASEHOLD - £35,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

TERM - Six years.

LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954.

ASSIGNABILITY - Fully assignable subject to Landlord’s consent.

DEPOSIT - A deposit equivalent to 3 month’s rent in advance.

RENT - Year 1 £18,000 per annum. Year 2 £24,000 per annum, paid monthly in advance.

RENT REVIEW - Subject to rent reviews every third year of the term.

REPAIR LIABILITY - Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.

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 be payable on the premium and the rental payments.

Location

The Village of Tackley stands in the Cherwell Valley in East Oxfordshire 6 miles west of Bicester, 4 miles north of Kiddlington and 3 miles from Woodstock. It is a larger than average village with a population of well over 1,000 residents and in the heart of this delightful community is the subject property, the Gardiner Arms. It is an attractive centuries old Grade II listed property built of mellow Oxfordshire stone beneath a pitched tiled roof. The property has a wealth of period charm and character, excellent trade garden and superb four bedroom owners accommodation. The business, by our clients own admission, has not been fully exploited. It operates running relatively limited trading hours and little in the way of food sales provided despite the property benefitting from bars that would suit dining and a spacious catering kitchen.