Key Features
Location
The village of Uffington stands in the renowned Vale of White Horse on both the edge of the Cotswolds and the North Wessex downs. It is conveniently located almost equidistant to the cities of Swindon and Oxford, close to the market town of Faringdon and a 30-40 minute drive to the heart of the Cotswolds. Within easy reach are thousands of new homes recently built within a 10 mile radius as well as many interesting attractions from ancient monuments, local museums, walks, great houses and gardens, to Bicester and Swindon shopping outlets. The village is also the fictional home of the school which the famous Tom Brown attended in ‘Tom Brown’s School Days’ and is now home to a museum dedicated to the same. The author, Thomas Hughes, was born in the village.
The very popular and desirable residential village is within easy access to both the M4 and M40 motorways, as well as the A40 trunk route; this results in property commanding extremely high sale prices. The Fox and Hounds lies just 8 miles from Lambourn and The Valley of the Racehorse, frequently hosting B&B guests with connections and visitors attending meetings at Cheltenham, Newbury etc. Within sight is the Ridgeway National Trail - a natural stopover for walking holidays. Similarly, it is close to regular cycling events as well as independent trail cyclists.
The subject property, The Fox and Hounds, is a very attractive village inn which has been much improved during our clients’ period of ownership including the construction of a four bedroom hotel block in two separate quality buildings.
Tenure
FREEHOLD £525,000 to include goodwill and fixtures & fittings. Stock at valuation in addition.
Alternatively:
LEASEHOLD - £30,000 to include goodwill, fixtures and fittings. Stock at valuation in addition
TERM - 6 years
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY - Fully assignable subject to Landlord’s consent
BOND - A bond equivalent to 3 month’s rent in advance
RENT - £30,000 + VAT 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 not be payable on the Premium but is payable on the rent
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
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