The Swan Hotel, 9 Upper High Street

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Key Points

Summary

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

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 - £26,700 Rates payable - £13,670.40 Rates payable can be affected by transitional arrangements, and we would recommend that interested parties should make further enquires for clarification.