Map
Area statsGuide price
£200,000Pub for sale
The Hearts of Oak, Forest of Dean, Drybrook, Gloucestershire, GL17 9EE
Featured
Auction
Pub
Features and description
- Freehold Public House Investment with a passing rent of £26,000 per annum
- 4-bed living accommodation to the first floor
- Benefits from extensive car parking to the front, together with gardens and a children's play area. In addition, there is a detached stone-build building with metal roller shutter access.
- The property, land and/or car park may offer development potential (subject to any leases and obtaining the requisite consents)
- VAT not applicable
- To be sold via Knight Frank Auctions on Thursday 19th March (unless sold or withdrawn prior)
Interested parties should contact Knight Frank Auctions for further information.
Description
The Hearts Of Oak is situated in a popular and sought after semi-rural village location. It comprises a detached two-storey building, together with Stores, ample on-site parking and gardens. Knight Frank have not inspected the property however we understand it is arranged as a public house with dining area on ground floor (approximately 97.13 sq m (1,045 sq ft)) (1), together with 4-bedroom living accommodation to the first floor.
(1) Areas provided by the vendor
Externally, the property benefits from extensive car parking to the front, together with gardens and a children's play area. In addition, there is a detached stone-build building with metal roller shutter access. Knight Frank have not inspected the building and we assume it is used as Stores, servicing the public house.
Tenancy
The property is subject to lease for a term of 6 years from 09/06/2025 (thus expiring 08/06/2031). The passing rent is £26,000 per annum and there is a tenant only break on 09/06/2028.
Site area
0.247 hectares (0.61 acres)
Services
We understand that the property is connected to all mains services gas, electricity, drainage and water.
The properties, land and/or car park may offer development potential, subject to any leases and obtaining the requisite consents. Interested parties are advised to rely on their own enquiries.
VAT
Not applicable
Location
The property is located in the Forest of Dean District Council and in the Gloucestershire County Council districts, approximately 12 miles to the west of Gloucester.
The village of Drybrook lies in the North West edge of the Royal Forest, bordering with Herefordshire, about three miles from Cinderford, and about two miles from Mitcheldean. The village has a resident population of approximately 2,855 (2001 Census) and range of amenities, including a butcher, chemist, general stores, hairdresser, post office, fish and chips shop, builder's merchant, doctor's surgery, nursery school, primary school, and a bus service to Gloucester and surrounding areas.
Drybrook School, which is the village's only school, is a primary school for pupils of ages 4 years to 11 years. The nearest secondary school is Dene Magna Community School, which is in Abenhall, by Mitcheldean. Dene Magna Community School is about 1 mile from Drybrook.
The M50 motorway, which connects the M5 with South Wales, is located approximately 6 miles to the north of the Property. By road, the Property is located approximately 14 miles west of Gloucester, 38 miles north of Bristol, 47 miles northeast of Cardiff, 73 miles southwest of Birmingham and 116 miles west of London.
Lydney railway station is situated approximately 10 miles to the south of the Property. From Lydney there are direct services to Gloucester (23 mins), Cardiff Central (56 mins) and Birmingham New Street (1 hour 25 mins).
The property is located on The Cross and is bounded by a mix of uses which include residential, a garage, pharmacy, supermarket and convenience store.
The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
•10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
•Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions website.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Description
The Hearts Of Oak is situated in a popular and sought after semi-rural village location. It comprises a detached two-storey building, together with Stores, ample on-site parking and gardens. Knight Frank have not inspected the property however we understand it is arranged as a public house with dining area on ground floor (approximately 97.13 sq m (1,045 sq ft)) (1), together with 4-bedroom living accommodation to the first floor.
(1) Areas provided by the vendor
Externally, the property benefits from extensive car parking to the front, together with gardens and a children's play area. In addition, there is a detached stone-build building with metal roller shutter access. Knight Frank have not inspected the building and we assume it is used as Stores, servicing the public house.
Tenancy
The property is subject to lease for a term of 6 years from 09/06/2025 (thus expiring 08/06/2031). The passing rent is £26,000 per annum and there is a tenant only break on 09/06/2028.
Site area
0.247 hectares (0.61 acres)
Services
We understand that the property is connected to all mains services gas, electricity, drainage and water.
The properties, land and/or car park may offer development potential, subject to any leases and obtaining the requisite consents. Interested parties are advised to rely on their own enquiries.
VAT
Not applicable
Location
The property is located in the Forest of Dean District Council and in the Gloucestershire County Council districts, approximately 12 miles to the west of Gloucester.
The village of Drybrook lies in the North West edge of the Royal Forest, bordering with Herefordshire, about three miles from Cinderford, and about two miles from Mitcheldean. The village has a resident population of approximately 2,855 (2001 Census) and range of amenities, including a butcher, chemist, general stores, hairdresser, post office, fish and chips shop, builder's merchant, doctor's surgery, nursery school, primary school, and a bus service to Gloucester and surrounding areas.
Drybrook School, which is the village's only school, is a primary school for pupils of ages 4 years to 11 years. The nearest secondary school is Dene Magna Community School, which is in Abenhall, by Mitcheldean. Dene Magna Community School is about 1 mile from Drybrook.
The M50 motorway, which connects the M5 with South Wales, is located approximately 6 miles to the north of the Property. By road, the Property is located approximately 14 miles west of Gloucester, 38 miles north of Bristol, 47 miles northeast of Cardiff, 73 miles southwest of Birmingham and 116 miles west of London.
Lydney railway station is situated approximately 10 miles to the south of the Property. From Lydney there are direct services to Gloucester (23 mins), Cardiff Central (56 mins) and Birmingham New Street (1 hour 25 mins).
The property is located on The Cross and is bounded by a mix of uses which include residential, a garage, pharmacy, supermarket and convenience store.
The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
•10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
•Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions website.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Area statistics
Crime score
Low crime
1/10
About this agent
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