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14 September 2018 | Restaurants

Oxford restaurant with guestrooms looking for new operator

Specialist business property adviser, Christie & Co has brought to the market Jay Fai, a well-established Thai restaurant in the thriving and affluent city of Oxford.

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Occupying a prominent spot in the busy and vibrant area of St Clements Street, a short walk from the city centre, the recently refurbished property is well presented and comprises a 120-cover restaurant with a central bar and counter area, plus a good size commercial kitchen with high specification equipment and a separate wash up area. 

Also included on the site are 10 letting bedrooms spread across the first and second floors, which can be utilised for letting or guest bed and breakfast purposes, as well as a private car park to the rear of the property for up to eight vehicles.

Having been owned and operated by Vichai Karmakharm for the past 30 years, Jay Fai has built up an enviable reputation with a good local following. Mr Karmakharm comments, “I have thoroughly enjoyed running the business over the years and have made many friends, however I feel the time is right to hand over the reins to a new purchaser and embark on a well earned retirement.”

“A new operator may wish to continue in our footsteps and remain trading with a Thai theme, or branch out and begin trading as an entirely new offering.” 

Tim Widdows, Business Agent at Christie & Co comments, “Opportunities like this come up relatively rarely in central Oxford and properties with letting rooms are at a real premium at the moment.  This is a great opportunity for an operator to establish themselves in a thriving area of the city, with the adaptable space perfect for putting a new stamp on the site or continuing with the successful operation as it is.”

Christie & Co are seeking £275,000 for the leasehold interest.