Rare Long-Leasehold or Leasehold F&B / Hotel Opportunity

Key Points

• Bar / Restaurant & 7 en-suite bedrooms
• Lounge Bar & Restaurant / Function room for 32 plus Scope for Private Dining
• Attractive Listed Building & Prominent Location
• 123 Space Car Park Directly Opposite

Description

An historic Coaching Inn, the property is arranged across 3 floors with ground floor comprising a Bar, 3 Lounges and Customer Toilets, totalling 3422 Sq ft.

The first floor comprises a Function Room, Office / Private Dining Room, and 3 En-suite Letting Rooms, and the second floor 4 Letting Rooms, 3 being en-suite.

Upper High Street public car park is located directly opposite with 123 car spaces.

Location

The property is prominently situated in Thame town centre on Upper High Street. Thame is a thriving historic market town in the heart of Oxfordshire.

The town is well-connected to Birmingham, Oxford and London via the M40, and is 3 miles from Haddenham and Thame Parkway, which has excellent links to London, Bicester, Oxford and Birmingham.

Terms

The property is available long lease-hold / leasehold:

Long-leasehold: £525,000 ex VAT (Long-leasehold approx. 90 years remaining, subject to a ground rent currently £400 per annum).
Leasehold: £47,500 per annum ex VAT.

Rates

The property lies within the rating area of South Oxfordshire District Council, according to which the rateable value is as follows:

Rateable value - £21,500 (From 2023 to present)
Rates payable - £11,739

Rates payable can be affected by transitional arrangements, and we would recommend that interested parties should make further enquires for clarification.