The Ox, Commercial Road, Poole, Dorset, BH14

*** PRICE ON APPLICATION ***

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Located in the heart of Ashley Cross, premier location in Poole • Large site with 120 covers and a significant bar trade • 14 stunning bedrooms, all en-suite • Separate function room with own private bar, Ox2, investment planned • Fair Maintainable Trade* (FMT) Net Turnover: £1.075m per annum • To rent under a fully supported tenancy agreement

Location: • Nearest Station: Parkstone Station • Distance to Station: 0.2 miles

Agent Information: • Address: The Brewery, Blandford St. Mary, Blandford Forum, DT11 9LS

Full Description: The Ox is a multi-faceted business with huge opportunity. It is an attractive building prominently situated on the main A35 which runs through Ashley Cross, and is adjacent to several bars and restaurants. Access is through the main entrance on Parr St which leads you into the centre of the large bar area with wooden floors, real fires and seating primarily within large booths. To the left is the dining area with 55 covers in a carpeted area; to the right there is a small dining area leading out to the covered terrace with a mix of high booths and patio tables. The decor throughout is quirky with an Asian influence and green planting. The kitchen is conveniently adjacent to the main dining area with the cellar and toilets also on the ground floor.

Leading from the bar area is the main access to the two floors of guest accommodation. The first floor has 11 large en-suite bedrooms (all doubles or twin) with a further 3 bedrooms on the second floor. The rooms are all spacious with high ceilings but will require investment to maximise the opportunity.

The third income stream is Ox 2, a standalone function room and bar with a capacity of 80 to the rear of the premises and adjacent to the small car park. This is ideal for private events with its own facilities and space over two floors.

Ashley Cross is a vibrant and contemporary area of Poole which has a village feel due to its strong community and mixture of businesses set around Ashley Cross Green. Local residents and visitors are attracted to an extensive mix of independent bars, shops, cafés and restaurants which largely appeal to a more discerning 30+ market, in comparison to the generally younger guest profile of Poole and Bournemouth town centres.

As well as being a destination in itself, Ashley Cross has a large local, residential population attracted by high quality housing, schools and the close proximity of Parkstone train station, with direct links to London. This is one of the most picturesque areas of Poole and is still only minutes away from the town centre and the beautiful Poole beaches.

Top Line Figures Rent: 9.5% of Turnover with a base of £85k Initial Investment: £100,000 Fair Maintainable Trade* (FMT) Turnover: £1.075 million per annum Full Investment Breakdown ? Deposit: £7,500 Training Fee: £1,200 incl. VAT Digital Assets Fee: £200 incl. VAT Working Capital: £15,000 Fixtures & Fittings: Existing £25k and estimate a further £100k required. (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information Estimated Wet/Dry/Accommodation Split: 40%/33%/27% Business Rates: Rateable Value £54,600 Available From: March. looking to re-open in April

To maximise income, on-site accommodation above the pub has been converted to guest letting rooms.however, there is a self-contained studio to the rear of the premise consisting of a lounge, bedroom, shower and WC, with a separate kitchen area.

The Ox is in a competitive market alongside multiple quality operators. Ashley Cross predominantly attracts a 30+ guest base who either live in this desirable part of Poole or are attracted from further afield.

There are no trade volumes available to publish as the pub has previously been run on a lease and sales figures cannot be verified.

However, there is a strong level of business throughout the week which peaks at weekends. The guest rooms offer a great trade opportunity all year round, as there is a lack of provision in the area for quality letting accommodation.