Sidney Phillips, licensed property specialists have been instructed to market the sale of The Wychwood Inn in the village of Shipton-Under-Wychwood in Oxfordshire. The village stands in the centre of popular tourist towns of Stow-on-the-Wold, Chipping Norton and Burford. The property is an extremely popular residential area commanding some of the highest values of anywhere in the British Isles. Prominently located on a corner position at the village entrance when approaching from the north is the subject property, The Wychwood Inn. It is a character 17th century coaching inn with a separate cottage.
It was acquired by our clients some 12 years ago, prior to which it was owned by a major national pub company. The expression ‘sympathetically developed’ is a cliché often used to describe much improved older properties. In this instance, it would not do it justice; not only have superb trading areas been created, retaining the innate charm the property held, but the ergonomics and commercial layout are excellent, with the premises having the benefit of six interconnecting trade areas, providing relatively open plan space able to cater for 100 customers seated. It nevertheless still retains the original intimacy and separate trading areas which each have their own identity. The trade areas consist of a public bar and several restaurant areas.
At first floor are five high quality en suite letting bedrooms and a manager’s flat on the second floor. There is a separate cottage which is attached and outstanding trade gardens with patio and lawn areas, enclosed, partially covered and with their own bar servery. There is currently seating for 120 customers but the gardens could cater for more. Car parking is to the side of the property which provides parking for 15 to 18 vehicles.
Following the complete refurbishment programme, The Wychwood Inn has become one of The Cotswold’s and Oxfordshire’s most successful pubs and this is reflected in the annual trading accounts.
These for the year ending 31 March 2023 show takings net of VAT of £681,215, achieving a gross profit of over 70%. The trade is split 45% wet sales to 35% food sales and 20% from the letting accommodation. It should be noted that the additional cottage is currently utilised by our clients as their home, and this could be utilised as a self-contained holiday let. The accommodation on the second floor is used for staff purposes.
The Wychwood Inn is for sale at a freehold asking price of £1,200,000. To enquire about this beautiful property, please call 01981 250333 or email midlands@sidneyphillips.co.uk . To view the property on our website, please click here.
(5th March 2024)