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The Oak is a large and traditional local pub situated on a delightful housing estate on the outskirts of Sutton Coldfield town centre. Internally the pub comprises of a two-bar operation; the first bar is dedicated to sports with a pool table, darts area and a large screen for sports viewing. There is a mixture of comfortable seating throughout including booth and fixed style seating for up to 60 guests. The second area is the lounge bar which is the dedicated dining which offers 70 covers and two raised areas which could be used as a private dining area. The private accommodation is in very good condition and comprises of three bedrooms, a lounge, kitchen and bathroom. The site also benefits from a separate flat that offers a large room and shower room. Externally, there is a large, raised patio area which can seat 48 customers and a large, covered area which is predominately used as the smoking area. Additionally, there is a large car park located to the front of the pub which offers spaces for up to 40 cars.
The private accommodation comprises of three bedrooms, a lounge, kitchen and bathroom all in a very good condition. The site also benefits from a separate flat with one large room and shower room.
Agreement Fee: £0.00
Cash Float: £1,000.00
Fixtures & Fittings: £35,000.00
Forecast Turnover: £642,683.75
Full Deposit: £12,250.00
Full Tie Release: £62,000.00
Guide Rent: £49,000.00
Initial Deposit: £0.00
Repair Fund: £3,000.00
Stock & Glassware: £4,000.00
Working Capital: £45,500.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £190,505.03
Forecast Other Turnover: £999.15
Forecast Wet Turnover: £451,179.57
The Oak is a brilliant community pub with a strong local following from those who live in the surrounding area. The pub is particularly well known for its value for money wet-led offer as well as its traditional pub food and games.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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