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Berkshire – Charming Country Freehouse In Berkshire Downs For Sale

Newbury, Berkshire, UK
Freehold Price:
£595,000
Leasehold Price:
£16,000
Turnover:
Not applicable
Net Profit:
Not applicable

Picturesque village in the Berkshire Downs AONB

A genuine retirement sale, after 42 years of successfully running our own country pub

Close to the border with Oxfordshire
Characterful bar and restaurant (75)
Three bedroom, self-contained owners’ flat
Self-contained letting apartment
External seating (92) and gravelled car park (20)

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

LEASEHOLD - £16,000 to include goodwill. Stock, glassware, loose catering effects and linen at valuation in addition.
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 - £30,000 per annum for the first year, paid weekly in advance, with the first month rent-free. Increasing to £50,000 per annum from the commencement of the second year.
RENT REVIEW -Subject to rent reviews every third year of the term.
REPAIR LIABILITY - Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
FIXTURES & FITTINGS - Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair).
TIE - Free-of-tie.
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 rental payments.

No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

Location:

The Fox at Peasemore is a prominent village freehouse in the picturesque village of Peasemore, situated in the West Berkshire district of the historic county of Berkshire. The public house lies on the northern fringe of the village, next to the playing fields.

Peasemore is a beautiful rural village which is home to a small community. It has a typically clustered centre and a selection of footpaths leading across fields and lanes onto the Berkshire Downs. All of the village falls within this Area of Outstanding Natural Beauty. Peasemore’s amenities include a village hall (which hosts a number of local events), The Fox public house and St Barnabas Church. The village is also the family home of the former Prime Minister, David Cameron.

Peasemore is situated close to the border with Oxfordshire, and the city of Oxford is located 23 miles north via the A34. It is a short distance away from the A34 trunk road which links Oxford to Winchester, and the M4 motorway which provides fast road connections to London. The village has a population of just over 300 residents and is 7 miles north of the market town of Newbury and 7 miles from Wantage.

Newbury has a population of over 42,000 and lies in the valley of the River Kennet. It is ideally positioned next to the M4 motorway and A34 trunk road, making it a desirable town for commuters. Newbury is noted for its racecourse and is the home of both West Berkshire Council and the telecommunications giant Vodafone. Highclere Castle is situated close by and is most famous for being the film location for the ITV show Downton Abbey.

Premises Details:

The Fox at Peasemore is a notable, detached, two storey property of brick construction under a pitched slate roof. The property is not listed, nor does it lie within the village’s Conservation Area. It is briefly described as follows:

TRADE AREAS
TRADE AREAS
Main entrance from the front of the property into the characterful MAIN BAR which has a mix of wooden floorboards, tiled and carpeted floors, exposed stone walls, a twin sided log burning stove and a panel fronted, polished top BAR SERVERY with back bar display. The main bar has seating for approximately 45 customers.

The adjoining RESTAURANT is of a similar style with ceiling timbers, fitted carpet, a twin sided log burning stove and polished dining tables and chairs to seat over 30 customers.

CATERING KITCHEN fitted with nonslip flooring, tiled walls and an extensive range of stainless steel equipment including a large extraction canopy. Adjoining the catering kitchen is a WASH-UP ROOM and SERVERY AREA.

LADIES’ and GENTLEMEN’S CUSTOMER TOILETS with baby changing facilities.

Refrigerated BEER CELLAR in the basement with a drop-down service hatch from the side of the property.

OWNERS' ACCOMMODATION
Accessed via an internal staircase and comprising two DOUBLE BEDROOMS (one with an integral wardrobe), a SINGLE BEDROOM/OFFICE, a good-sized LIVING ROOM with DINING SPACE, a family BATHROOM with utility cupboard and a DOMESTIC KITCHEN.

NB: The first floor accommodation is highly configurable and both the private accommodation and the letting facilities could be adapted to suit the purchaser’s requirements.

Letting Accommodation – The Retreat at the Fox
A one bedroom, SELF-CONTAINED FLAT with a LARGE DOUBLE BEDROOM, a DOMESTIC KITCHEN and a FAMILY SHOWER ROOM.

The Retreat at the Fox also has its own external access from the side of the property.
https://www.foxatpeasemore.co.uk/accommodation

EXTERNAL
Sheltered rear PATIO fitted with electrical heating and a feature garden well. The patio seats over 30 customers. The HUT, a sheltered smoking solution to provide seating for approximately 12. A wraparound LAWNED AREA to seat an additional 50.

Rear gravelled CAR PARK which can accommodate approximately 20 vehicles. SERVICE YARD with various WOODSHEDS, BIN STORE, walk-in COLD ROOM and GENERAL STORES. The SERVICE YARD to the rear of the property is predominately covered with a polycarbonate roof.

Other Information

Related Documents:
Leasehold asking price:
£16,000
Home based:
This business can be run from home