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Cheriton Road, Folkestone, Kent, CT 19 4BP

Guide Price
£675,000

Business rates & charges may apply

Sidney Phillips Limited, South East
SIZE

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SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments and Sui Generis

A4, sui_generis_3

Key features

  • Busy residential area on arterial road
  • Substantial public house on corner plot
  • Superbly presented trade area (60)
  • Four bed maisonette and two one bedroom flats
  • Popular and profitable business with scope to grow
  • Potential to purchase additional neighbouring development plot
  • Leasehold also available

Description

The Royal Cheriton is located in the suburb of Cheriton, a northern suburb of the busy port town of Folkestone in Kent. The town lies on the southern edges of the North Downs and has long been an important harbour and shipping port. Cheriton lies approximately 6 miles west of Dover, 14 mile south of Canterbury and 13 mile south east of Ashford. The area is predominantly residential, centralised around the shopping parade on Cheriton Road, on which the subject property sits. Cheriton houses a number of major retailers on the surrounding business parks and is also home to the Folkestone Invicta football club, cricket club and Three Hills Sports Club. Folkestone town centre is also an attraction to visitors to Kent due to its Creative Quarter (a thriving collection of artists studios and creative businesses), the harbour (a cosmopolitan waterfront areas housing bars and restaurants which has been earmarked for further investment and development) and the scenic seafront promenade.

Cheriton is located at the eastern end of the M20 which provides fast access to Ashford, Maidstone and London as well as the M25. Mainline railway services are available from both Folkestone West and Folkestone Central with Southeastern services to London Charing Cross and London Bridge, as well as high speed services from Ashford International. Located a short drive from Cheriton is the Channel Tunnel with services to France.

The Royal Cheriton occupies a substantial public house occupying a notable corner position along Cheriton Road. This three-storey property is of brick construction under a pitched slate roof and has been wisely invested in in recent years and is therefore presented to a high standard throughout.

TRADE AREAS
- MAIN BAR: Two tiered trade space presented with carpeted flooring, bar servery with Kardean worktop, juke box, TV and AWP. Seating for 40-60.
- DINING/FUNCTION ROOM: Housing TV, projector and screen, and darts board. Capable of providing seating for 25-30 patrons. Potential to reinstate its own bar servery.
- GENTLEMEN'S TOILETS.
- LADIES' TOILET.
- WAITER AREA: With triple drinks fridge, double drinks fridge and ice machine.
- STORAGE AREA.
- TRADE KITCHEN: With non-slip flooring, extractor, UPVC clad walling, stainless steel sinks, double salamander, electric oven and hob, two commercial microwaves and under counter fridges.
- BASEMENT CELLAR: With delivery drop from side of property.

OWNERS ACCOMMODATION
The Royal Cheriton boasts three residential unit above with separate shared entrance from the side of the property, comprising:

- MAISONETTE:
- HALLWAY
- LARGE LOUNGE
- LARGE DINING ROOM
- MODERN FITTED KITCHEN
- WC
- FAMILY BATHROOM
- 3 x DOUBLE BEDROOM
- MASTER BEDROOM
- ROOF TERRACE

- FLAT 1:
- LOUNGE & KITCHEN
- DOUBLE BEDROOM
- SHOWER & WC ROOM
- BALCONY TERRACE

- FLAT 2:
- LOUNGE & KITCHEN
- DOUBLE BEDROOM
- SHOWER & WC ROOM

EXTERNAL
- TRADE PATIO: Part-covered to provide a smoking solution. Capable of Seating for 25-30.

There is an elevated decking area with room for 25 seated, which will not be included in the sale unless the neighbouring development plot is purchased (please ask for further information ref: 94364).

FREEHOLD to include fixtures, fittings and goodwill. Stock at valuation in addition.
or
LEASEHOLD to include goodwill and the grant of a new lease as below. Stock at valuation in addition.

Cheriton Road, Folkestone, Kent, CT 19 4BP

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Folkestone West Station0.3 miles
  • Folkestone Central Station1.0 miles
  • Channel Tunnel Terminal Station1.0 miles

About Sidney Phillips Limited, South East

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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