UK: Specialist business property adviser, Christie & Co has completed the sale of Sturdy’s Castle, to experienced operator.
The pub and restaurant is located close to the market town of Woodstock in West Oxfordshire. The pub comprises an 80 cover restaurant, 50 cover bar, a private dining/conference room for up to 50 guests and 20 en suite guest bedrooms. Externally, the site provides a substantial trade garden for up to 80 covers, which is particularly busy in the summer months, and ample parking for up to 50 vehicles.
Situated on the A4260, the business sees a high volume of passing trade from local, leisure and commercial visitors drawn to the nearby historic city of Oxford, Blenheim Palace and Bicester Shopping Outlet Village.
New owners, Brian & David Fensome, who are seasoned operators with several businesses in Australia, said: “We are very excited to have purchased our first property here in the UK and look forward to providing a warm welcome to both the local community and visitors from further afield.”
Tim Widdows, Business Agent at Christie & Co’s Reading office, said: “Sturdy’s Castle is a fantastic property with great potential and I am delighted to have brokered the sale. The high value leasehold business attracted significant interest and is reflective of the buoyant market, demonstrating that high prices can still be achieved for leases.”
Sturdy’s Castle was sold off a leasehold asking price of £325,000.