Oaks Restaurant Walberton Near Arundel For Sale

Business description

Character restaurant and bar close to Arundel, Chichester and Goodwood
Flexible trading areas comfortably seating 66 with planning permission to extend
Detached stable block with planning permission to convert to owners’ accommodation
4 en suite letting bedrooms. Business currently closed
Offers in excess of £370,000 – Freehold

A Grade II listed building dating back to the 18th Century, the Oaks is an increasingly rare animal – an attractive freehold promising much potential. Having been subject to modernisation and refurbishment in recent years, the restaurant areas and bar on the ground floor cater quite comfortably for about 66 covers, whilst the first floor (with separate external access) comprises four en suite letting bedrooms – this accommodation has been non revenue earning in recent years and of course, represents a potential additional income stream. The adjacent detached stable block retains much period charm although in need of comprehensive refurbishment, and planning permission has been granted to convert it into accommodation for resident owners. The Oaks is strategically positioned on the edge of Walberton village and the A27, the south coast arterial route between Portsmouth and Brighton. Nestling between the South Downs and the coast, the historic cities of Arundel and Chichester are close by, making it an ideal setting and location. Once a thriving business, the Oaks closed its doors in late 2008 due to the owners’ continued ill health. Equipped and ready to resume operation subject to any personal touches, the Oaks offers undoubted potential for new owners to re-establish the business and reap the rewards thereafter.

THE PROPERTY
This detached building is thought to date from the mid 1700’s with more recent additions, and is of traditional construction being mainly brick built under slate roofs. This Grade II listed building is planned over ground and first floors with a basement cellar. Ripe for conversion, the adjacent detached two storey stable block is of traditional flint faced construction under a slate roof.

PUBLIC AREAS
Main entrance to Entrance Foyer with double doors leading directly into the Reception and Bar, a spacious area with wooden bar and counter, well equipped servery behind, brick fireplace and comfortable leather sofas and stools complimenting the wooden floor. The Restaurant is divided into two distinct areas, one to either side of the bar. With tables and seating for about 34, one wing has the flexibility to partition the room and provide for private dining, whilst the opposite wing caters for around 32 with a raised area at the far end.

LETTING BEDROOMS
Reached by an external staircase, there are 4 letting bedrooms (3 double and 1 small single) arranged on the first floor, all of which have en suite facilities (3 with bath/shower/wc, 1 with shower/wc).

OWNERS’ ACCOMMODATION
There is planning permission to convert the adjacent detached stable block into owners’ accommodation on two floors.

SERVICE AREAS
Kitchen with stainless steel fittings and commercial equipment. Basement cellar. Rear yard with dry goods store and walk in refrigerator.

OUTSIDE
Small front garden with tables and seating. Private car park to rear for up to about 20 cars.

SERVICES
Arun District Council at Arundel. Mains gas, electricity and water. Private drainage needing renewal.

LICENCE
The property has a Premises Licence.

PLANNING AND DEVELOPMENT
Permission (WA/97/06 and WA/98/06/L) was granted on 2/10/06 for the renewal of the unimplemented planning permission (WA/51/01 and WA/52/01/L) for a kitchen and restaurant extension. Similarly, planning consent ( WA/12/07 and WA/12/07/L) was granted on 19/3/07 for the conversion of the old stable block to form owners’ accommodation.

PHOTOGRAPHS
The photographs in this brochure were taken before the business closed in November 2008.

TRADE
Having bought the Oaks in 2005 as a closed and non trading entity, the previous owner re-established the business levels quite quickly. Showing net income of over £350,000 for the year ended 31 March 2007 before continued ill health led to the decision to close the doors on 2 November 2008.

PRICE
Best and final offers in excess of £370,000 are invited for the freehold property complete with trade contents (according to inventory) by 26 June 2009.

DIRECTIONS
Arundel 3 miles, Chichester 8, Brighton 20, Portsmouth 23 and London about 60 miles. From Arundel, proceed west on the A27 and after about 3 miles, turn left on to the B2132 sign posted Walberton and the Oaks Restaurant will be found immediately on the left hand side.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold