5 bedroom pub for sale

KENT

Sold STC £49,950

Property Description

Key features

  • Imposing & prominent inn situated in the sought after town of Gillingham.
  • Traditional & welcoming Lounge Bar (circa 30+), Atmospheric Public Bar (circa 30) & lovely Conservatory Restaurant (circa 40 covers).
  • Good sized five bedroomed family accommodation. Possible lettings potential.
  • Equipped Commercial Catering Kitchen.
  • Good sized enclosed paved Beer Garden (circa 70+).
  • Advised current sales circa 335,000 (incl. VAT).
  • Trade split of 95% wet and 5% food.
  • Offered on NEW PRIVATE FREE-OF-TIE 10 YEAR LEASE
  • Possibility of option to purchase the Freehold.

Full description

Tenure: Leasehold

REF: 7461 LEASEHOLD


TRULY SUPERB BUSINESS PROPOSITION AND ENVIABLE LIFESTYLE SET IN THE DELIGHTFUL COUNTY OF KENT OFFERING TREMENDOUS GROWTH POTENTIAL

LOCATION

This substantial and traditional inn is situated in the town of Gillingham; in the beautiful county of Kent and can be easily reached from junction 2 of the M2 near Rochester. Situated within the commuter belt being approximately ONLY 30 miles from the capital city of London and also having excellent road communications providing easy access to the M25, M23, M20 and M11 motorways making this superb location an excellent strategic commuter area for the major motorways and the major international airports of Gatwick, Heathrow and Stansted.
This delightful inn is located within a catchment area of many similar affluent villages and towns in addition to being situated close to Dartford, Gravesend, Rochester, Maidstone, Canterbury and the coastal resorts of Whitstable and Herne Bay, making this superb inn ideally situated to draw trade from the nearby surrounding towns and villages. An enviable place to reside offering a compelling business opportunity.

THE PROPERTY

This substantial and imposing 2 storey property occupies an excellent main road trading position.

There are two main entrances at the front and side leading into the Lounge Bar and the Public Bar.

Lounge Bar (circa 30+) is a good sized warm and welcoming room having a lovely traditional feel and features a central return bar servery with a solid polished counter and a mirrored back fitting with trade optics and refrigerated bottle coolers (not tested); which is complemented by a range of loose polished tables, pew style seating, chairs and bar chairs. Adding to the charm of this room is the feature brick built open fireplace, the beamed ceiling and the stone tiled flooring. Access to the Conservatory Restaurant, W.C's and the Public Bar.

Public Bar (circa 30) is a good sized atmospheric room with a return bar servery counter which is complemented by a range of loose polished tables, chairs, upholstered pew style seating and bar chairs. There is a pool table and a darts throw.

Conservatory Restaurant (circa 40 covers) is a good sized versatile and multi-functional room, ideal for private parties, functions and wakes etc and is furnished with loose polished tables, chairs and upholstered pew style seating. Access to the Beer Garden.

Catering facilities include an equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Lower Ground Floor Cellar with dray drop, pumps, python and cooler. Bottle Store.

Ladies and Gents W.C.'s.

OWNER'S ACCOMMODATION

Situated on the 1st floor, being of a good size and briefly comprises: 5 bedrooms, lounge, kitchen and bathroom.

EXTERNAL

There is a good sized enclosed paved Beer Garden (circa 70+) with timber picnic benches. There are public parking facilities adjacent and private parking for circa 2 cars.

TRADING & LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday - Sunday - 11.00am - 11.00pm

The current opening hours are as above.

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is being offered for sale as a NEW highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking premium will be 49,950.
2. The initial annual rent will be 40,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954.
We are advised that the inn benefits from all mains services and uses gas central heating (services not tested). Business rates payable are advised as being 8,000 per annum.

THE BUSINESS

Our vendor client in situ since 1996 operates this successful business on a 'hands-off' basis with the assistance of 5 part time members of staff.

Trade is currently derived from circa 95% wet and 5% food sales, thereby providing immense scope for a new hands-on partnership with previous experience of running a catering and functions orientated operation to emulate the current successful wet led business model; but to also introduce a top quality food offering and to further promote the versatility of the premises to be utilised for private parties, functions and wakes etc. This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting.

Advised current sales are circa 335,000 (incl. VAT).

In our opinion, with the above mentioned areas of potential; would quite easily expect a new hands-on partnership to achieve a turnover well in-excess of 400,000 (incl. VAT).

Accounting information will be made available to interested parties after viewing.

This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.

Energy Performance Certificates (EPCs)

Nearest stations

  • Gillingham (0.2 mi)
  • Chatham (1.2 mi)
  • Rochester (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Gillingham (0.2 mi)
  • Chatham (1.2 mi)
  • Rochester (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7461. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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