FREEHOLD FOR SALE GUIDE PRICE £750,000 THE OLD CROWN INN 25 Market Place, Faringdon, SN7 7HU Key Highlights • Traditional Hotel Pub Restaurant • Attractive separate lower ground floor public house • 16th Century Grade II Listed coaching inn • Planning permission granted to convert • 15 letting rooms over 3 floors outbuildings to 8 additional letting rooms SAVILLS SOUTHAMPTON 2 Charlotte Place Southampton SO14 0TB +44 (0) 23 8071 3900 savills.co.uk Location The property is located in Faringdon, an historic market town in Oxfordshire, which is perched on the ridge of two river valleys of the Ock and the Thames. Faringdon is located 0.9 miles from the A420 road on the edge of the Cotswolds and 18 miles (29 km) south-west of Oxford, 10 miles (16 km) north-west of Wantage and 12 miles (19 km) east north-east of Swindon. The property is located close to Faringdon Folly Tower in the centre of Faringdon. Description The property is mid-terraced, Grade II Listed building arranged over four storeys with rendered brick construction over a pitched clay tiled roof and single glazed sash fenestration. The building is arranged around a courtyard with cobbled tiles. To the rear of the property, there is a car park for 14 spaces as well as a row of detached outbuildings which are currently vacant and have planning granted for conversion to additional letting accommodation. Internally, the property comprises a separate pub with bar servery on lower ground level. The main hotel kitchen facilities are adjacent to this area. At upper ground floor level, is the main hotel entrance and located close to here at first floor level is a large dining room for patrons. Letting rooms are then arranged over upper ground, first and second floor levels. SAVILLS SOUTHAMPTON 2 Charlotte Place Southampton SO14 0TB +44 (0) 23 8071 3900 savills.co.uk Planning Our informal planning enquiries confirm that the premises is permitted as a hotel (Use Class C1). The property is Grade II Listed and is situated in Faringdon Conservation Area. Premises Licence The property has been granted a Premises Licence in accordance with the Licensing Act 2003. The Business The Old Crown operates as a coaching inn providing a variety of rooms which appeal to contractors working in the area on weekdays, couples visiting for weekend breaks as well as tourists visiting the wider area. The room rates for the hotel fluctuate dependent upon the time of year but included below is a breakdown of current room tariffs: Double £65.00 Twin £65.00 Triple £75.00 Suite £110.00 We can confirm that the most recent financial year, the hotel had a turnover in the order of £425,000 (Net of VAT), with a split percentage between accommodation, food and beverage of 35:15:50 respectively. More information on the hotel’s trading performance will be provided to seriously interested parties upon request and status. Fixture & Fittings The fixture and fittings are included and the premises will be sold ‘as seen’ less any personal items. Rating The subject property is entered in the 2019 Rating List with a Rateable Value of £25,500. The National Multiplier for England and Wales for 2019/20 is £0.504. Tenure Freehold. The property will be sold as a going concern. TUPE regulations will therefore apply. SAVILLS SOUTHAMPTON 2 Charlotte Place Southampton SO14 0TB +44 (0) 23 8071 3900 savills.co.uk EPC The building is Grade II Listed and therefore an EPC is not required. Guide Price Offers are invited in the region of £750,000. VAT will not be applicable. Anti-Money Laundering Regulations In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange. Viewing All viewings must be arranged strictly by appointment with the sole agents Savills. Contact Adam Bullas MRICS Chris Bickle MRICS James Greenlees Savills +44 (0) 23 8071 3900 +44 (0) 23 8071 3943 +44 (0) 23 8071 3986 2 Charlotte Place [email protected] [email protected] [email protected] Southampton S014 0TB IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | April 2020.