8226L

• Attractive and substantial 19th century English country inn situated in the prime rural village location of Petham – designated an Area of Outstanding Natural Beauty.
• Traditional and cosy Lounge Bar (circa 20), versatile Private Dining Room (circa 20 covers) and a multi-functional Restaurant/Carvery (circa 60+ covers).
• Highly impressive 4 bedroomed family accommodation presented in excellent decorative order.
• Having been refurbished and modernised throughout yet retaining a wealth of charm and character with a delightful open fires and solid oak floors.
• Good sized fully equipped Commercial Catering Kitchen.
• Lawned Beer Garden (circa 30+) and Patron’s Car Parking facilities for circa 30+ cars.
• Business currently closed - undoubted potential for catering/events orientated operators.
• A brand new highly desirable ‘privately owned’ & ‘totally Free of Tie’ renewable Lease.

Location

This outstanding business is situated in the affluent and highly sought after village of Petham (adjacent the newly re-opened Luxury Holiday Park) in the beautiful county of Kent and can be easily reached from junction 11 of the M20 and having excellent road communications providing easy access to the M20, M2, M25, A2 and M23 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. The rural village of Petham is a popular tourist area, especially for walkers and ramblers and is also within close proximity to the Eurotunnel at Folkestone and the Dover Ferry terminal, bringing an abundance of visitors and tourists from France and beyond all year round. Petham is also situated close to Canterbury, Ashford, Deal, Margate, Herne Bay and many other coastal resorts making this delightful traditional inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

Is a substantial and imposing property occupying a busy main road trading position.

Main entrance at the front leading into the lobby with access into the Lounge Bar.

Lounge Bar (circa 20) is a delightful room exuding a warm and welcoming ambience. There is a feature brick built return bar servery with a solid polished counter and a matching back fitting with trade optics and refrigerated bottle coolers (not tested); which is complemented by a good range of solid polished tables, comfortable leather sofas, leather armchairs, upholstered mini stools and bar chairs. Adding to charm and character of the room is the solid oak floor, the lovely exposed brickwork and the feature brick built open fireplace. Access to the other trading areas.

Private Dining Room (circa 20 covers) is a versatile room being well furnished with solid polished tables and upholstered chairs. Adding to charm of the room is the feature brick built open fireplace. Restaurant/Carvery (circa 60 covers) is a multi-functional room being set within 2 delightful dining areas and exudes a lovely inviting and relaxing feel and is extremely well furnished with a superb range of solid polished tables and upholstered chairs and a moveable commercial Carvery unit. There is also a lovely brick built fireplace with an inset log burner, a solid oak floor and beamed walls adding to the charm and character. Catering facilities include a good sized fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a Dry Goods/Fridge and Freezer Room.

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

Ladies and Gents W.C’s.

OWNERS ACCOMMODATION

Situated on the 1st and 2nd floors, offering good size rooms and presented in excellent decorative order having been refurbished and redecorated and briefly comprises: 4 bedrooms, lounge, kitchen and shower room.

EXTERNAL

There is a lawned Beer Garden (circa 30+) at the rear and is furnished with timber picnic benches. Patron’s parking facilities for circa 30+ cars.

TRADING HOURS

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 – 10.00am – Midnight

The current opening hours are as follows:

Currently Closed.

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 property is being offered for sale freehold (although we have not had sight of the title deeds).

Alternatively the business is offered for sale as a new highly favourable 5-10-year Private FRI Lease Agreement.

The asking premium will be £45,000.

The initial annual rent will be £28,000, reduced to £24,000 in year 1.

The annual rent is simply RPI linked to inflation every 3 years, hence no market rent reviews.

Rent payable monthly in advance.

Deposit equivalent of 3 month’s rent.

Lease assignable after initial 2-year period.

Free of all brewery and supply ties.

Each party responsible for own legal fees relating to the transaction.

Satisfactory references will be required on behalf of our vendor client.

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 with the exception of Calor gas used for cooking and heating (services not tested). Business rates payable are advised as being £12,000 per annum (tbc).

THE BUSINESS

Our vendor clients operated this successful business as a husband and wife team on a full time basis with the assistance of 1 full time and a pool of 6 part time/casual members of staff.

Trade was derived from circa 30% wet and 70% food sales. They had previously done 120 covers for the Carvery on Sundays with the potential for more if open all day. There is immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering/events orientated operation to take this business to the next level by exploiting the food and functions potential that is to be found here. There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc. This truly is an incredible opportunity for either an owner operator to build the business or for a commercial investor to enhance their existing portfolio.

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Prepared: March 2019