Property Description
A £215,317 refurbishment is planned to transform The British Oak into a premium local with a striking internal and external upgrade. What would you do with this pub to make it a success?
About the area
The British Oak sits in a rural countryside setting, positioned roadside with strong visibility and a canal directly opposite, creating natural passing trade and destination appeal. With no premium local competition nearby and four competitors not within walking distance, the pub benefits from a strong standalone presence in its immediate catchment.
Currently, the pub attracts a loyal but more mature demographic and relies heavily on weekend trade. The refurbishment will reposition it to appeal to a broader and more diverse customer base, with a focus on families and casual diners, unlocking greater daytime and midweek opportunities.
Demographics
There are 1,174 adults living within walking distance of the pub, providing a solid local base to build from, alongside passing roadside traffic and seasonal canal visitors.
The offer
The British Oak is available on our investment tenancy agreement. Click here for more information on this agreement.
The pub will operate as a premium local, offering pub classics done well from a good-sized catering kitchen suitable for a strong food proposition. A premium drinks range, supported by HEINEKEN Smart Dispense, will elevate the bar offer. The large beer garden has strong potential for summer events, and the introduction of darts will add a further social element to drive repeat visits.
Who we're looking for
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for The British Oak will have extensive experience in food-led hospitality businesses. They will have a clear vision for delivering quality pub classics, building a premium drinks range, maximising seasonal garden trade and creating a strong events rhythm, and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
The refurbishment will cover both the interior and exterior of the pub.
The pub's trading area and facilities post refurbishment will be:
Main trading area with bar
Separate dining room
Snug area
Separate games and sports zone
64 internal covers
41 + 50 external covers
Catering kitchen suitable for pub classics
HEINEKEN Smart Dispense
Three-bedroom private flat with bathroom, kitchen and lounge
Pub garden
22-space car park
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation consists of three bedrooms, a living room, kitchen, bathroom.
Premises license available on request.
Agreement Type
Investment Tenancy
Property Facilities
Kitchen
Parking
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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